SPRX vs. IHAK ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to iShares Cybersecurity and Tech ETF (IHAK)

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$21.72

Average Daily Volume

100,736

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IHAK

iShares Cybersecurity and Tech ETF

IHAK Description

The investment seeks to track the investment results of the NYSEÂ® FactSetÂ® Global Cyber Security IndexTM. The fund generally will invest at least 90% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is composed of developed and emerging market companies that are involved in cyber security and technology, including cyber security hardware, software, products, and services. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.36

Average Daily Volume

98,159

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	IHAK
30 Days	-7.26%	-4.89%
60 Days	-12.81%	-8.63%
90 Days	-5.89%	-5.56%
12 Months	60.81%	35.43%

4 Overlapping Holdings

Symbol	Grade	Weight in SPRX	Weight in IHAK	Overlap
CRWD	D	4.7%	4.87%	4.7%
PANW	B	0.0%	3.74%	0.0%
S	C	6.06%	4.1%	4.1%
ZS	F	9.69%	3.39%	3.39%

SPRX Overweight 21 Positions Relative to IHAK

Symbol	Grade	Weight
NVDA	C	10.32%
AMD	D	7.2%
SNOW	D	7.19%
MRVL	D	4.9%
CFLT	F	4.82%
CEG	B	4.57%
FCX	A	4.56%
HUBS	B	4.39%
NRG	A	4.28%
SHOP	D	4.19%
NET	C	3.88%
DDOG	A	3.29%
ALB	D	2.77%
RIVN	F	2.34%
GTLB	F	2.21%
NVT	B	1.18%
ANET	D	1.06%
U	D	0.86%
PH	B	0.32%
RIO	B	0.0%
ROK	F	0.0%

SPRX Underweight 21 Positions Relative to IHAK

Symbol	Grade	Weight
OKTA	C	-4.84%
CACI	A	-4.75%
JNPR	C	-4.7%
FTNT	D	-4.68%
CYBR	D	-4.67%
BAH	B	-4.35%
TENB	D	-4.27%
SAIC	C	-4.13%
CHKP	D	-4.03%
VRNS	D	-4.0%
ALRM	C	-3.86%
QLYS	D	-3.47%
AKAM	F	-3.37%
RPD	F	-3.14%
CALX	F	-2.05%
YOU	F	-1.8%
EVBG	A	-1.73%
ATEN	B	-1.17%
RDWR	F	-0.76%
OSPN	A	-0.49%
CHGX	C	-0.38%