SPRX vs. NIKL ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to Sprott Nickel Miners ETF (NIKL)

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

$23.39

Average Daily Volume

65,622

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

NIKL

Sprott Nickel Miners ETF

NIKL Description

The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, or production of nickel ("Nickel Mining Companies"); (ii) investments in nickel that represent all or a significant portion of their assets, and/or (iii) supplying nickel. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.05

Average Daily Volume

30,925

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	NIKL
30 Days	11.43%	19.23%
60 Days	-0.68%	24.00%
90 Days	-4.37%	30.81%
12 Months	43.59%	-22.78%

1 Overlapping Holdings

	Symbol	Grade	Weight in SPRX	Weight in NIKL	Overlap
	S	D	6.02%	4.37%	4.37%

SPRX Overweight 22 Positions Relative to NIKL

	Symbol	Grade	Weight
	NVDA	B	11.04%
	ZS	F	9.48%
	AMD	D	8.36%
	SNOW	F	7.36%
	SHOP	F	5.54%
	CEG	B	5.07%
	NET	F	5.06%
	MRVL	D	4.9%
	CFLT	D	4.89%
	NRG	A	4.73%
	DDOG	D	4.69%
	CRWD	C	4.39%
	HUBS	D	4.04%
	ALB	C	3.09%
	FCX	A	2.52%
	GTLB	F	2.06%
	ANET	B	1.22%
	RIVN	F	0.95%
	NVT	B	0.87%
	PANW	B	0.0%
	RIO	B	0.0%
	ROK	D	0.0%

SPRX Underweight 4 Positions Relative to NIKL

	Symbol	Grade	Weight
	NIC	C	-12.65%
	INCO	A	-9.79%
	CTM	D	-4.85%
	NIKL	C	-4.02%

SPRX: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Auto Manufacturers Computer Systems Copper Diversified Industrials Electronic Components Industrial Metals & Minerals Specialty Chemicals Telecom Services Utilities - Independent Power Producers Utilities - Renewable

Keywords: Nasdaq 100 S&P 500 Computing Cloud Computing Cloud Infrastructure Computer Security Deep Learning Artificial Intelligence Cybersecurity IBD 50 Mining Software As A Service Computer Architecture Computer Networking Consumer Electronics Content Control Software Design Manufacturers Electric Vehicle Electricity Fabless Semiconductor Companies

NIKL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Telecom Services

Keywords: Computer Security Index Fund Artificial Intelligence Bank Bond Fund Community Bank Computer Network Security Computing Consumer Banking Crime Prevention Cryptography Cybersecurity Data Analytics Services Data Security ETF Economy Of The Midwestern United States Exchange Traded Fund Federal Government Information Governance Mackinac Financial Corporation