SPYT vs. INAV ETF Comparison

Comparison of Defiance S&P 500 Target Income ETF (SPYT) to Mohr Industry Nav ETF (INAV)

SPYT

Defiance S&P 500 Target Income ETF

SPYT Description

SPYT is actively managed which seeks daily income and consistent monthly distributions by utilizing an index credit spread option strategy. The strategy involves daily selling of S&P 500 credit call spreads that are either at-the-money or near-the-money, with near-term expirations, and buying call options at a higher strike price. The sold option positions become profitable if the S&P 500 Indexs value increases above the call spreads cap. Additionally, the fund targets an annual income level of 20% and aims to hold cash or US Treasurys up to 10% of the portfolio as collateral for the option strategy. Even during periods of adverse market conditions, the fund will not seek defensive positions, nor directly or fully participate in the gains of the index. As such, the funds risk and return potential will fluctuate daily.

Grade (RS Rating)

Last Trade

$19.35

Average Daily Volume

31,397

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

INAV

Mohr Industry Nav ETF

INAV Description

In pursuing the fund"s strategy, the adviser tactically allocates the fund"s assets across industries found in the 11 sectors found in the S&P 500 Index: technology, health care, financials, real estate, energy, materials, consumer discretionary, industrials, utilities, consumer staples and communications. The fund adviser seeks exposure to various industries through investment in 20 industry group-specific exchange-traded funds (ETFs) that seek to track a particular industry index.

Grade (RS Rating)

Last Trade

$25.68

Average Daily Volume

4,281

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	SPYT	INAV
30 Days	-2.88%	-2.04%
60 Days		-1.39%
90 Days		2.10%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in SPYT	Weight in INAV	Overlap
	SPY	B	99.5%	33.3%	33.3%

SPYT Overweight 0 Positions Relative to INAV

	Symbol	Grade	Weight

SPYT Underweight 5 Positions Relative to INAV

	Symbol	Grade	Weight
	RSP	C	-22.76%
	XRT	C	-11.67%
	KCE	A	-11.52%
	XME	A	-11.44%
	XAR	B	-9.31%

SPYT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Investment Management S&P 500 Index CBOE

INAV: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund S&P Top 100 Loan Index Index Fund S&P 500 Index CBOE Aerospace Broker Dealer Capitalization Weighted Index Defense Industry Fixed Income Investment Management Mining Nifty 50 Index S&P 500 Equal Weighted S&P 500 Index S&P/Tsx Composite Index Stock Fund Stock Market Index