VUSE vs. ARKF ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to ARK Fintech Innovation ETF (ARKF)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$60.92

Average Daily Volume

12,197

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

ARKF

ARK Fintech Innovation ETF

ARKF Description

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;

Grade (RS Rating)

Last Trade

$38.83

Average Daily Volume

408,436

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VUSE	ARKF
30 Days	5.70%	25.74%
60 Days	7.01%	30.92%
90 Days	9.39%	34.83%
12 Months	26.26%	74.28%

7 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in ARKF	Overlap
AMZN	C	2.68%	0.43%	0.43%
CRWD	B	0.31%	1.31%	0.31%
META	D	0.97%	2.52%	0.97%
NVDA	C	1.84%	1.32%	1.32%
PINS	D	0.2%	2.3%	0.2%
PLTR	B	0.6%	3.34%	0.6%
RDDT	B	1.04%	1.57%	1.04%

VUSE Overweight 119 Positions Relative to ARKF

Symbol	Grade	Weight
ORCL	B	2.4%
V	A	2.17%
JPM	A	2.09%
MA	C	2.08%
WMT	A	2.06%
HD	A	2.05%
CVX	A	2.02%
BAC	A	1.97%
XOM	B	1.89%
AAPL	C	1.87%
MSFT	F	1.8%
JNJ	D	1.76%
AVGO	D	1.72%
KO	D	1.56%
BKNG	A	1.54%
MRK	F	1.49%
NFLX	A	1.44%
MSI	B	1.33%
CMG	B	1.25%
PG	A	1.2%
ECL	D	1.16%
SNPS	B	1.16%
MAR	B	1.12%
UBER	D	1.11%
T	A	1.1%
AMAT	F	1.02%
ADP	B	1.02%
ABBV	D	1.01%
MO	A	1.0%
SBUX	A	0.98%
GOOGL	C	0.96%
MCD	D	0.94%
TJX	A	0.93%
SHW	A	0.93%
POWL	C	0.87%
ADBE	C	0.83%
FTNT	C	0.81%
LLY	F	0.81%
IDCC	B	0.8%
COST	B	0.78%
TMUS	B	0.78%
EME	C	0.77%
AMP	A	0.75%
IESC	B	0.74%
AYI	B	0.74%
PIPR	B	0.73%
SYK	C	0.73%
ITW	B	0.72%
CAT	B	0.72%
CORT	B	0.7%
JXN	C	0.69%
KLAC	D	0.69%
FICO	B	0.69%
EQH	B	0.66%
WDAY	B	0.66%
NOW	A	0.65%
AMR	C	0.64%
CVLT	B	0.64%
ZTS	D	0.64%
EXEL	B	0.63%
EPAC	B	0.6%
CTAS	B	0.59%
NRG	B	0.58%
NYT	C	0.56%
GWW	B	0.56%
FAST	B	0.56%
BOX	B	0.55%
PLMR	B	0.54%
UTHR	C	0.54%
EA	A	0.52%
TDG	D	0.52%
PAYX	C	0.51%
VST	B	0.5%
RMD	C	0.5%
NKE	D	0.5%
ERIE	D	0.5%
LSCC	D	0.5%
ODFL	B	0.5%
IT	C	0.5%
CASH	A	0.48%
YELP	C	0.48%
MSCI	C	0.48%
RMBS	C	0.47%
TREX	C	0.47%
DBRG	F	0.46%
QLYS	C	0.46%
JLL	D	0.46%
PLAB	C	0.46%
MTG	C	0.46%
SHO	C	0.45%
EOG	A	0.43%
DFIN	D	0.42%
BSX	B	0.41%
JKHY	D	0.41%
MTD	D	0.39%
ANET	C	0.38%
CRUS	D	0.37%
ON	D	0.37%
A	D	0.36%
MANH	D	0.35%
OTTR	C	0.35%
CSL	C	0.35%
DOCU	A	0.29%
HCC	B	0.27%
PANW	C	0.26%
ACLS	F	0.26%
NSSC	D	0.25%
DBX	B	0.24%
BMI	B	0.23%
VRSK	A	0.22%
TRIP	F	0.21%
AOS	F	0.19%
MEDP	D	0.18%
APPF	B	0.15%
SPG	B	0.14%
ABNB	C	0.14%
PSTG	D	0.13%
CMCSA	B	0.13%
SEIC	B	0.11%

VUSE Underweight 21 Positions Relative to ARKF

Symbol	Grade	Weight
SHOP	B	-11.07%
COIN	C	-10.71%
SQ	A	-6.13%
TOST	B	-5.09%
SOFI	A	-4.78%
HOOD	B	-4.64%
DKNG	B	-4.25%
RBLX	C	-3.28%
ROKU	D	-3.27%
MELI	D	-3.18%
PATH	C	-2.25%
SE	B	-1.79%
NU	C	-1.79%
GLBE	B	-1.78%
SPOT	B	-1.67%
INTU	C	-1.5%
PYPL	B	-1.48%
BILL	A	-1.48%
Z	A	-1.03%
ICE	C	-0.96%
IBTA	C	-0.56%