SPRX vs. SOXQ ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to Invesco PHLX Semiconductor ETF (SOXQ)

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

SOXQ

Invesco PHLX Semiconductor ETF

SOXQ Description

The investment seeks to track the investment results (before fees and expenses) of the PHLX Semiconductor Sector Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market-capitalization weighted index designed to measure the performance of the 30 largest companies listed in the United States that are engaged in the semiconductor business, as determined by the index Provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.53

Average Daily Volume

269,314

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	SOXQ
30 Days	-7.26%	-9.01%
60 Days	-12.81%	-8.59%
90 Days	-5.89%	5.46%
12 Months	60.81%	51.68%

3 Overlapping Holdings

Symbol	Grade	Weight in SPRX	Weight in SOXQ	Overlap
AMD	D	7.2%	6.52%	6.52%
MRVL	D	4.9%	3.84%	3.84%
NVDA	C	10.32%	12.79%	10.32%

SPRX Overweight 22 Positions Relative to SOXQ

Symbol	Grade	Weight
ZS	F	9.69%
SNOW	D	7.19%
S	C	6.06%
CFLT	F	4.82%
CRWD	D	4.7%
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%
PANW	B	0.0%
RIO	B	0.0%
ROK	F	0.0%

SPRX Underweight 27 Positions Relative to SOXQ

Symbol	Grade	Weight
AVGO	D	-10.15%
MU	B	-5.02%
MCHP	A	-4.39%
TSM	C	-4.33%
TXN	A	-4.27%
QCOM	C	-4.22%
ADI	A	-4.21%
KLAC	C	-4.02%
AMAT	D	-4.0%
LRCX	D	-3.92%
NXPI	B	-3.89%
ASML	D	-3.87%
INTC	F	-3.33%
MPWR	C	-2.83%
ON	D	-2.5%
GFS	F	-2.31%
ENTG	D	-1.7%
TER	A	-1.47%
SWKS	F	-1.45%
QRVO	C	-0.98%
LSCC	F	-0.9%
COHR	C	-0.71%
AMKR	C	-0.65%
RMBS	F	-0.55%
ALGM	D	-0.5%
ACLS	D	-0.29%
WOLF	F	-0.28%