UTRN vs. QLTY ETF Comparison

Comparison of Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN) to The 2023 ETF Series Trust II GMO U.S. Quality ETF (QLTY)

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$25.20

Average Daily Volume

1,077

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLTY

The 2023 ETF Series Trust II GMO U.S. Quality ETF

QLTY Description

QLTY seeks total return by investing in US companies deemed high quality. These companies are defined as having established businesses capable of delivering substantial returns on past investments, utilizing cash flows for high-return investments, or returning cash to shareholders through dividends or share buybacks. The investment strategy combines systematic factors like profitability and leverage, alongside judgmental factors such as assessments of future profitability and growth prospects. It may also use various valuation methodologies, including discounted cash flow analysis and multiples of price-to-earnings, revenues, book values, or other fundamental metrics, to acquire underrated stocks. Additionally, the fund may invest in other ETFs. The fund may also invest in the GMO U.S. Treasury Fund, and money market funds. Investment decisions are not constrained by portfolio turnover rates or benchmark considerations.

Grade (RS Rating)

Last Trade

$28.89

Average Daily Volume

216,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UTRN	QLTY
30 Days	-2.23%	-1.60%
60 Days	-0.39%	-1.35%
90 Days	5.18%	2.68%
12 Months	9.11%

1 Overlapping Holdings

	Symbol	Grade	Weight in UTRN	Weight in QLTY	Overlap
	JNJ	D	4.0%	3.99%	3.99%

UTRN Overweight 24 Positions Relative to QLTY

Symbol	Grade	Weight
SYF	A	4.39%
KO	A	4.09%
CNP	A	4.07%
ES	B	4.06%
MO	A	4.06%
WEC	A	4.04%
T	B	4.04%
LNT	A	4.04%
CMS	A	4.02%
CL	A	3.99%
SYY	D	3.99%
AMCR	A	3.98%
EG	D	3.98%
TMUS	A	3.98%
FE	A	3.97%
DRI	F	3.97%
VRTX	C	3.95%
EA	D	3.93%
AVY	B	3.93%
ITW	D	3.91%
VRSK	C	3.9%
EDR	A	3.9%
LIN	D	3.87%
VZ	D	3.86%

UTRN Underweight 9 Positions Relative to QLTY

Symbol	Grade	Weight
MSFT	D	-7.48%
UNH	B	-4.88%
GOOGL	A	-4.13%
ORCL	D	-3.94%
META	D	-3.73%
ACN	F	-3.73%
AMZN	B	-3.54%
AAPL	C	-3.44%
ABT	D	-3.42%