ETF Research Center

Clockwise Core Equity & Innovation ETF

ALTAR
Score™

2.4%

Recommen-
dation

AVOID

2025E 2026E
P/E ratio	30.0x	P/Sales ratio	3.9x
P/BV ratio	4.7x	Div. yield	0.8%

Description
Performance
Comps
Fundamentals
Valuation
Rating

TIME is an actively-managed ETF providing exposure to long-term core growth opportunities, balanced with emerging technologies.

FUND BASICS
Category	US Equities
Fund Sponsor
Website	clockwisefunds.com/
Inception date	Jan 27, 2022
Assets (mns)	$17
Currency	USD
Expense ratio	95 bp
Distributions	Annually

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	32
Wgt avg mkt cap (mns)	$1,323,060
Large cap (>$10bn)	93.4%
Mid cap ($2-10bn)	2.1%
Small cap (<$2bn)	1.2%
Developed mkts	96.0%
Emerging mkts	4.0%

TOP TEN HOLDINGS
Total	54.5 %
APPLE INC	8.2 %
ALPHABET INC. CLASS A	6.8 %
NVIDIA CORP	6.7 %
MICROSOFT CORP	5.7 %
PROSHARES ULTRAPRO SHORT S&P 500	5.0 %
AMAZON.COM INC	4.8 %
PROSHARES TR ULTRAPRO SHORT	4.5 %
MICRON TECHNOLOGY INC	4.4 %
NETFLIX INC	4.3 %
INTEL CORP	4.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	79.1 %
	CANADA	3.0 %
	NETHERLANDS	1.6 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru February 28)
Year-to-date	1 year	5 years	10 years	Since Incep.
-2.4%	5.6%	--	--	9.8%

Market Correlations
versus...	Beta	R-squared
S&P500	0.66	64%
MSCI EAFE	0.63	42%
MSCI Emg. Mkts.	0.62	51%

Technical Indicators
Recent close	$22.80
30d moving avg.	$24.01
Annualized volatility	20.7%
Short interest (ETF)	0.8%
Relative strength (RSI)	38

Liquidity measures
Avg. volume (thou.)	5
Turnover	0.7%
Bid/Ask (% of price)	0.20%
ADV underlying (mns)	$101,689

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 949 potential alternatives to the Clockwise Core Equity & Innovation ETF ETF based on the alternatives' overlap in portfolio holdings with TIME. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

TIME

Expense:

95 bp

ALTAR Score™:

2.4%

ALTERNATIVE ETFs BASED ON OVERLAP WITH TIME
Ticker	Fund Name	Overlap¹ vs TIME (%)	Expense ratio (bp)	Savings vs TIME (bp)	ALTAR Score™ (%)	ALTAR vs TIME (%)
RND	First Trust Bloomberg R&D Leaders ETF	50.4	60	35	2.8	+0.4
QQQ	Invesco QQQ Trust Series I	46.4	20	75	3.8	+1.3
QQQM	Invesco NASDAQ 100 ETF	46.4	15	80	3.8	+1.4
USMC	Principal U.S. Mega-Cap ETF	46.4	12	83	3.9	+1.5
GQQQ	Astoria US Quality Growth Kings ETF	46.1	35	60	3.9	+1.4
VUG	Vanguard Growth ETF	45.6	4	91	3.8	+1.3
QGRW	WisdomTree U.S. Quality Growth Fund	45.5	28	67	3.3	+0.9
FBCG	Fidelity Blue Chip Growth ETF	45.2	59	36	2.6	+0.1
SCHG	Schwab U.S. Large-Cap Growth ETF	44.9	4	91	3.7	+1.3
THRO	iShares U.S. Thematic Rotation Active ETF	44.4	90	5	3.6	+1.2
TOPT	iShares Top 20 U.S. Stocks ETF	44.4	20	75	3.6	+1.2
PRXG	Praxis Impact Large Cap Growth ETF	44.1	36	59	3.5	+1.1
OEF	iShares S&P 100 ETF	44.1	20	75	4.3	+1.9
IWY	iShares Russell Top 200 Growth ETF	44.0	20	75	3.9	+1.5
MGK	Vanguard Mega Cap Growth ETF	43.9	7	88	3.8	+1.3
ONEQ	Fidelity Nasdaq Composite Index ETF	43.8	21	74	3.3	+0.9
VUSG	Vanguard Wellington U.S. Growth Active ETF	43.6	35	60	2.8	+0.3
STXG	Strive 1000 Growth ETF	43.5	18	77	3.6	+1.2
VONG	Vanguard Russell 1000 Growth ETF	43.5	7	88	3.9	+1.5
IWF	iShares Russell 1000 Growth ETF	43.5	19	76	3.8	+1.4
VOOG	Vanguard S&P 500 Growth ETF	43.4	7	88	3.5	+1.1
FFOG	Franklin Focused Growth ETF	43.4	61	34	1.9	-0.6
XLG	Invesco S&P 500 Top 50 ETF	43.4	20	75	4.0	+1.6
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	43.3	4	91	3.5	+1.1
IVW	iShares S&P 500 Growth ETF	43.3	18	77	3.4	+0.9
QQMG	Invesco ESG NASDAQ 100 ETF	43.1	20	75	3.7	+1.3
MGC	Vanguard Mega Cap ETF	42.9	7	88	4.3	+1.9
BGRO	iShares Large Cap Growth Active ETF	42.7	55	40	2.3	-0.1
SPXN	ProShares S&P 500 Ex-Financials ETF	42.6	9	86	4.4	+2.0
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	42.2	75	20	3.6	+1.2
IUSG	iShares Core S&P U.S. Growth ETF	42.2	4	91	3.5	+1.1
SFYF	SoFi Social 50 ETF	41.8	29	66	1.0	-1.5
FELG	Fidelity Enhanced Large Cap Growth ETF	41.8	18	77	3.7	+1.2
LRND	IQ U.S. Large Cap R&D Leaders ETF	41.7	14	81	4.4	+2.0
IWL	iShares Russell Top 200 ETF	41.7	15	80	4.3	+1.9
AVUQ	Avantis U.S. Quality ETF	41.0	15	80	4.0	+1.5
IGM	iShares Expanded Tech Sector ETF	40.8	41	54	3.4	+1.0
RAUS	RACWI US ETF	40.8	15	80	4.6	+2.2
ILCG	iShares Morningstar Growth ETF	40.7	4	91	3.5	+1.0
GGUS	Marketbeta Russell 1000 Growth Equity ETF	40.6	12	83	3.8	+1.3
DYNF	BlackRock U.S. Equity Factor Rotation ETF	40.4	30	65	4.2	+1.8
ESGV	Vanguard ESG U.S. Stock ETF	40.4	9	86	4.7	+2.3
XVV	iShares ESG Screened S&P 500 ETF	40.4	8	87	4.6	+2.2
INRO	iShares U.S. Industry Rotation Active ETF	39.2	42	53	4.0	+1.6
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	39.2	10	85	4.8	+2.4
SPXV	ProShares S&P 500 Ex-Health Care ETF	39.1	9	86	4.4	+1.9
FELC	Fidelity Enhanced Large Cap Core ETF	38.7	18	77	4.8	+2.4
RVRB	Reverb ETF	38.7	30	65	4.3	+1.9
TOV	JLens 500 Jewish Advocacy U.S. ETF	38.7	18	77	4.3	+1.9
SPXE	ProShares S&P 500 Ex-Energy ETF	38.6	9	86	4.5	+2.1
WRND	IQ Global Equity R&D Leaders ETF	38.4	18	77	4.5	+2.1
LCDS	JPMorgan Fundamental Data Science Large Core ETF	38.3	30	65	4.5	+2.1
IVES	Wedbush ETFMG Global Cloud Technology ETF	38.2	68	27	4.6	+2.2
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	38.2	7	88	4.5	+2.1
AOTS	AOT Software Platform ETF	38.1	49	46	4.9	+2.5
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	38.1	45	50	4.1	+1.7
GQI	Natixis Gateway Quality Income ETF	38.0	34	61	4.7	+2.3
OEI	Optimized Equity Income ETF	37.9	75	20	3.6	+1.2
VSLU	Applied Finance Valuation Large Cap ETF	37.9	49	46	5.2	+2.8
SPYX	State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	37.9	20	75	4.4	+2.0
VV	Vanguard Large-Cap ETF	37.9	4	91	4.5	+2.1
GSPY	Gotham Enhanced 500 ETF	37.9	50	45	4.9	+2.5
TMFC	Motley Fool 100 Index ETF	37.8	50	45	3.4	+0.9
BBUS	JP Morgan Betabuilders U.S. Equity ETF	37.7	2	93	4.6	+2.2
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	37.5	20	75	4.7	+2.3
LGRO	Level Four Large Cap Growth Active ETF	37.5	55	40	4.2	+1.7
BKLC	BNY Mellon US Large Cap Core Equity ETF	37.5	0	95	4.6	+2.2
VOTE	TCW Transform 500 ETF	37.4	5	90	4.6	+2.1
FVAL	Fidelity Value Factor ETF	37.4	15	80	6.5	+4.1
FSST	Fidelity Sustainable U.S. Equity ETF	37.3	59	36	3.3	+0.9
VOO	Vanguard S&P 500 ETF	37.3	3	92	4.6	+2.2
JGRW	Jensen Quality Growth ETF	37.2	57	38	4.3	+1.9
SPYM	State Street SPDR Portfolio S&P 500 ETF	37.2	2	93	4.7	+2.2
IVV	iShares Core S&P 500 ETF	37.2	3	92	4.7	+2.2
SPY	SPDR S&P 500 ETF	37.2	9	86	4.6	+2.2
CATH	Global X S&P 500 Catholic Values Custom ETF	37.1	29	66	4.4	+2.0
ENHU	iShares Enhanced Large Cap Core Active ETF	37.1	22	73	4.6	+2.1
STRV	Strive 500 ETF	37.1	5	90	4.5	+2.1
GXLC	Global X U.S. 500 ETF	37.0	2	93	4.5	+2.1
JGRO	JPMorgan Active Growth ETF	36.7	44	51	2.7	+0.3
IOO	iShares Global 100 ETF	36.6	41	54	4.4	+1.9
ILCB	iShares Morningstar U.S. Equity ETF	36.6	3	92	4.5	+2.1
VNSE	Natixis Vaughan Nelson Select ETF	36.4	80	15	3.7	+1.3
PBUS	Invesco MSCI USA ETF	36.4	4	91	4.6	+2.2
CHRI	Global X S&P 500 Christian Values ETF	36.3	29	66	4.4	+2.0
GLBL	Pacer MSCI World Industry Advantage ETF	36.2	65	30	3.9	+1.5
XNTK	State Street SPDR NYSE Technology ETF	36.1	35	60	3.4	+0.9
BLCR	iShares Large Cap Core Active ETF	36.1	36	59	3.3	+0.9
NZUS	State Street SPDR MSCI USA Climate Paris Aligned ETF	36.1	10	85	4.1	+1.7
KLMN	Invesco MSCI North America Climate ETF	36.1	9	86	4.8	+2.4
EPS	WisdomTree U.S. LargeCap Fund	36.0	8	87	5.2	+2.8
SGLC	SGI U.S. Large Cap Core ETF	35.8	85	10	4.2	+1.8
QBIG	Invesco Top QQQ ETF	35.8	29	66	0.0	-2.4
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	35.7	11	84	4.6	+2.2
LGDX	Intech S&P Large Cap Diversified Alpha ETF	35.6	25	70	4.5	+2.1
SAWG	AAM Sawgrass US Large Cap Quality Growth ETF	35.6	49	46	4.2	+1.8
MMTM	State Street SPDR S&P 1500 Momentum Tilt ETF	35.6	12	83	4.0	+1.5
FLQL	Franklin LibertyQ U.S. Equity ETF	35.6	15	80	5.0	+2.6
SCHX	Schwab U.S. Large-Cap ETF	35.5	3	92	4.7	+2.3
NANC	Unusual Whales Subversive Democratic Trading ETF	35.5	75	20	3.4	+0.9
CHAT	Roundhill Generative AI & Technology ETF	35.5	75	20	5.9	+3.5
ABIG	Argent Large Cap ETF	35.5	49	46	4.8	+2.4
PABU	iShares Paris-Aligned Climate MSCI USA ETF	35.4	10	85	4.1	+1.7
SFY	SoFi Select 500 ETF	35.4	0	95	4.2	+1.8
IYW	iShares U.S. Technology ETF	35.4	40	55	3.8	+1.3
STOX	Horizon Core Equity ETF	35.3	70	25	4.0	+1.6
SFTY	Horizon Managed Risk ETF	35.2	77	18	3.9	+1.4
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	35.1	9	86	4.8	+2.3
CAML	Congress Large Cap Growth ETF	35.1	66	29	2.6	+0.2
CVLC	Calvert US Large-Cap Core Responsible Index ETF	35.0	15	80	4.8	+2.3
VONE	Vanguard Russell 1000 ETF	35.0	7	88	4.7	+2.2
IWB	iShares Russell 1000 ETF	35.0	15	80	4.6	+2.2
IYY	iShares Dow Jones U.S. ETF	34.9	20	75	4.5	+2.1
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	34.9	14	81	4.6	+2.2
EGUS	iShares ESG Aware MSCI USA Growth ETF	34.9	18	77	3.4	+1.0
FDMO	Fidelity Momentum Factor ETF	34.9	15	80	2.8	+0.4
DFUS	Dimensional U.S. Equity ETF	34.9	9	86	4.5	+2.1
QLC	FlexShares US Quality Large Cap Index Fund	34.8	25	70	5.0	+2.6
SPTM	State Street SPDR Portfolio S&P 1500 Composite Stock Market	34.8	3	92	4.8	+2.4
SCHK	Schwab 1000 Index ETF	34.8	5	90	4.7	+2.3
CGUS	Capital Group Core Equity ETF	34.7	33	62	4.0	+1.5
APUE	ActivePassive U.S. Equity ETF	34.5	45	50	4.4	+1.9
HDUS	Hartford Disciplined US Equity ETF	34.5	19	76	5.2	+2.8
ADME	Aptus Drawdown Managed Equity ETF	34.2	79	16	3.7	+1.2
AIQ	Global X Artificial Intelligence & Technology ETF	34.1	68	27	3.7	+1.3
FFLC	Fidelity Fundamental Large Cap Core ETF	34.0	38	57	4.3	+1.9
AGRW	Allspring LT Large Growth ETF	34.0	35	60	3.7	+1.3
VTI	Vanguard Total Stock Market ETF	34.0	3	92	4.6	+2.1
ESGU	iShares ESG Aware MSCI USA ETF	33.9	15	80	4.6	+2.2
SCHB	Schwab U.S. Broad Market ETF	33.7	3	92	4.7	+2.2
FQAL	Fidelity Quality Factor ETF	33.7	15	80	5.2	+2.7
IWV	iShares Russell 3000 ETF	33.7	20	75	4.4	+2.0
ITOT	iShares Core S&P Total U.S. Stock Market ETF	33.7	3	92	4.6	+2.1
AIEQ	AI Powered Equity ETF	33.6	75	20	4.1	+1.7
CGGR	Capital Group Growth ETF	33.6	39	56	2.8	+0.4
VTHR	Vanguard Russell 3000 ETF	33.5	7	88	4.6	+2.1
DFAU	Dimensional US Core Equity Market ETF	33.5	12	83	4.7	+2.3
SNPE	Xtrackers S&P 500 ESG ETF	33.4	10	85	4.8	+2.4
MODL	VictoryShares WestEnd U.S. Sector ETF	33.4	42	53	4.5	+2.1
GGRW	Gabelli Growth Innovators ETF	33.3	90	5	2.2	-0.2
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	33.2	32	63	4.4	+2.0
HLAL	Wahed FTSE USA Shariah ETF	33.1	50	45	4.2	+1.8
IWFG	IQ Winslow Focused Large Cap Growth ETF	33.0	65	30	2.4	+0.0
JPEF	JPMorgan Equity Focus ETF	32.9	50	45	4.1	+1.7
BUZZ	VanEck Social Sentiment ETF	32.8	75	20	-0.6	-3.1
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	32.8	29	66	4.3	+1.9
GK	AdvisorShares Gerber Kawasaki ETF	32.6	75	20	1.8	-0.7
AOTG	AOT Growth and Innovation ETF	32.6	75	20	1.7	-0.8
PEXL	Pacer US Export Leaders ETF	32.6	60	35	3.7	+1.2
FDRR	Fidelity Dividend ETF for Rising Rates	32.3	15	80	6.3	+3.9
SNPG	Xtrackers S&P 500 Growth ESG ETF	32.3	15	80	4.4	+2.0
DARP	Grizzle Growth ETF	32.2	75	20	2.0	-0.5
SEMG	Suncoast Select Growth ETF	32.1	60	35	4.0	+1.6
FDLO	Fidelity Low Volatility Factor ETF	31.9	15	80	5.1	+2.6
XLK	Technology Select Sector SPDR	31.9	8	87	4.1	+1.7
METV	Roundhill Ball Metaverse ETF	31.7	59	36	9.1	+6.6
QVML	Invesco S&P 500 QVM Multi-factor ETF	31.5	11	84	4.8	+2.4
KRMA	Global X Conscious Companies ETF	31.5	43	52	5.7	+3.3
USCA	Xtrackers MSCI USA Climate Action Equity ETF	31.3	7	88	4.8	+2.4
DUNK	Dana Unconstrained Equity ETF	31.3	75	20	2.4	-0.1
FLRG	Fidelity U.S. Multifactor ETF	31.2	15	80	6.3	+3.8
HAPI	Harbor Human Capital Factor US Large Cap ETF	31.2	36	59	4.5	+2.1
USCL	iShares Climate Conscious & Transition MSCI USA ETF	31.0	8	87	4.8	+2.4
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	30.9	75	20	2.4	-0.0
SXQG	ETC 6 Meridian Quality Growth ETF	30.8	100	-5	3.1	+0.7
YNOT	Horizon Digital Frontier ETF	30.8	75	20	3.1	+0.7
LRGE	ClearBridge Large Cap Growth ESG ETF	30.8	59	36	3.0	+0.5
XPND	First Trust Expanded Technology ETF	30.6	65	30	3.3	+0.9
AFLG	First Trust Active Factor Large Cap ETF	30.5	55	40	5.5	+3.1
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	30.4	45	50	2.9	+0.4
LRGC	AB US Large Cap Strategic Equities ETF	30.3	48	47	4.2	+1.8
NACP	Impact Shares NAACP Minority Empowerment ETF	30.2	49	46	4.3	+1.9
LRGF	iShares U.S. Equity Factor ETF	30.2	8	87	5.1	+2.7
QUAL	iShares MSCI USA Quality Factor ETF	30.0	15	80	4.8	+2.4
AVSU	Avantis Responsible U.S. Equity ETF	30.0	15	80	5.6	+3.1
RAYD	Rayliant Quantitative Developed Market Equity ETF	29.9	80	15	3.9	+1.4
BBLU	EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF	29.7	15	80	4.6	+2.2
IETC	iShares U.S. Tech Independence Focused ETF	29.6	18	77	3.5	+1.0
TECB	iShares U.S. Tech Breakthrough Multisector ETF	29.6	40	55	3.7	+1.3
LCF	Touchstone US Large Cap Focused ETF	29.5	69	26	4.0	+1.6
LOGO	Alpha Brands Consumption Leaders ETF	29.5	69	26	2.8	+0.3
VGT	Vanguard Information Technology ETF	29.5	9	86	3.8	+1.4
AVUS	Avantis U.S. Equity ETF	29.4	15	80	5.2	+2.8
RFFC	ALPS Active Equity Opportunity ETF	29.4	48	47	4.0	+1.5
GXPT	Global X PureCap MSCI Information Technology ETF	29.3	25	70	3.9	+1.5
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	29.1	19	76	5.4	+3.0
KOKU	Xtrackers MSCI Kokusai Equity ETF	29.0	9	86	4.9	+2.4
IXN	iShares Global Tech ETF	29.0	41	54	3.5	+1.1
JGLO	JPMorgan Global Select Equity ETF	28.9	33	62	4.6	+2.2
DFSU	Dimensional US Sustainability Core 1 ETF	28.9	18	77	5.1	+2.7
PSET	Principal Quality ETF	28.7	15	80	5.1	+2.7
AGIX	KraneShares Artificial Intelligence and Technology ETF	28.6	99	-4	1.7	-0.7
VERS	ProShares Metaverse ETF	28.6	58	37	0.7	-1.8
FDWM	Fidelity Women's Leadership ETF	28.4	59	36	3.7	+1.3
TMFE	Motley Fool Capital Efficiency 100 Index ETF	28.4	50	45	3.6	+1.2
DGRW	WisdomTree US Quality Dividend Growth Fund	28.4	28	67	5.3	+2.9
TOK	iShares MSCI Kokusai ETF	28.1	26	69	4.7	+2.3
SUSA	iShares MSCI USA ESG Select ETF	28.1	25	70	4.4	+2.0
FTEC	Fidelity MSCI Information Technology Index ETF	27.8	8	87	3.8	+1.3
PWB	Invesco Large Cap Growth ETF	27.7	56	39	2.4	-0.0
QLTY	GMO U.S. Quality ETF	27.7	50	45	4.4	+2.0
MBCC	Monarch Blue Chips Core ETF	27.7	125	-30	4.2	+1.8
FDCF	Fidelity Disruptive Communications ETF	27.6	50	45	2.2	-0.2
DCOR	Dimensional US Core Equity 1 ETF	27.4	14	81	5.0	+2.6
GFGF	Guru Favorite Stocks ETF Guru Favorite Stocks Fund	27.4	65	30	3.9	+1.5
BAI	iShares AI Innovation and Tech Active ETF	27.2	55	40	1.4	-1.0
QDEF	FlexShares Quality Dividend Defensive Index Fund	27.1	37	58	5.8	+3.3
LOWV	AB US Low Volatility Equity ETF	27.0	48	47	4.6	+2.2
IQSU	IQ Candriam U.S. Large Cap Equity ETF	26.9	9	86	4.8	+2.4
CGDV	Capital Group Dividend Value ETF	26.9	33	62	4.3	+1.8
FCPI	Fidelity Stocks for Inflation ETF	26.8	15	80	6.3	+3.9
AFOS	ARS Focused Opportunities Strategy ETF	26.8	45	50	2.4	-0.1
RGEF	Rockefeller Global Equity ETF	26.7	55	40	4.3	+1.9
TOPC	iShares S&P 500 3% Capped ETF	26.5	15	80	4.8	+2.4
URTH	iShares MSCI World ETF	26.5	24	71	4.8	+2.3
CARZ	First Trust NASDAQ Global Auto Index Fund	26.5	70	25	3.3	+0.9
QLV	FlexShares US Quality Low Volatility Index Fund	26.5	22	73	5.2	+2.8
FMET	Fidelity Metaverse ETF	26.5	39	56	5.2	+2.8
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	26.4	15	80	3.4	+1.0
QDF	FlexShares Quality Dividend Index Fund	26.4	37	58	5.8	+3.4
OALC	OneAscent Large Cap Core ETF	26.2	86	9	3.9	+1.5
DUHP	Dimensional US High Profitability ETF	26.2	21	74	5.5	+3.1
ESGG	FlexShares STOXX Global ESG Select Index Fund	26.2	42	53	4.6	+2.2
IUS	Invesco RAFI Strategic US ETF	26.1	19	76	6.1	+3.7
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	26.1	25	70	5.4	+3.0
BEEX	BeeHive ETF	26.0	84	11	4.1	+1.7
DFAC	Dimensional U.S. Core Equity 2 ETF	25.9	17	78	5.1	+2.7
ARVR	First Trust Indxx Metaverse ETF	25.8	70	25	4.7	+2.2
JHML	John Hancock Multifactor Large Cap ETF	25.8	29	66	4.9	+2.5
RECS	Columbia Research Enhanced Core ETF	25.8	15	80	5.8	+3.3
LCLG	Logan Capital Broad Innovative Growth ETF	25.7	99	-4	3.5	+1.1
KLMT	Invesco MSCI Global Climate 500 ETF	25.7	10	85	5.5	+3.1
RFDA	RiverFront Dynamic US Dividend Advantage ETF	25.5	52	43	5.6	+3.2
GRNY	Fundstrat Granny Shots US Large Cap ETF	25.5	75	20	2.4	-0.0
FDTX	Fidelity Disruptive Technology ETF	25.4	50	45	2.3	-0.1
SUSL	iShares ESG MSCI USA Leaders ETF	25.4	10	85	4.7	+2.3
AQLT	iShares MSCI Global Quality Factor ETF	25.4	18	77	0.0	-2.4
PNQI	Invesco NASDAQ Internet ETF	25.3	60	35	4.0	+1.6
TRUT	VanEck Technology TruSector ETF	25.3	13	82	4.4	+2.0
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	25.1	12	83	4.9	+2.5
KOCG	FIS Knights of Columbus Global Belief ETF	25.0	75	20	4.3	+1.9
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	24.8	10	85	4.7	+2.3
USSE	Segall Bryant & Hamill Select Equity ETF	24.7	65	30	3.4	+1.0
LVDS	JPMorgan Fundamental Data Science Large Value ETF	24.6	49	46	5.4	+3.0
DEMZ	Democratic Large Cap Core ETF	24.4	45	50	4.3	+1.8
CRTC	Xtrackers US National Critical Technologies ETF	24.4	35	60	4.5	+2.0
ZECP	Zacks Earnings Consistent Portfolio ETF	24.4	55	40	4.4	+2.0
GGME	Invesco Next Gen Media and Gaming ETF	24.4	60	35	5.2	+2.8
OGIG	ALPS O'Shares Global Internet Giants ETF	24.1	48	47	2.8	+0.3
IGPT	Invesco AI and Next Gen Software ETF	23.9	60	35	3.9	+1.4
VEGN	US Vegan Climate ETF	23.8	60	35	4.4	+2.0
IQM	Franklin Intelligent Machines ETF	23.7	50	45	1.4	-1.0
CRBN	iShares MSCI ACWI Low Carbon Target ETF	23.6	20	75	5.2	+2.8
EBI	Longview Advantage ETF	23.6	35	60	6.4	+4.0
HGRO	Hedgeye Quality Growth ETF	23.5	70	25	3.6	+1.2
ACWI	iShares MSCI ACWI ETF	23.4	32	63	5.2	+2.8
DSI	iShares MSCI KLD 400 Social ETF	23.1	25	70	4.6	+2.2
DSPY	Tema S&P 500 Historical Weight ETF	23.1	18	77	4.8	+2.4
XLSR	State Street US Sector Rotation ETF	23.0	70	25	4.7	+2.3
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	23.0	79	16	4.6	+2.2
VUSE	Vident U.S. Equity Strategy ETF	22.7	50	45	4.1	+1.6
RVER	Trenchless Fund ETF	22.5	65	30	0.9	-1.6
BELT	iShares Long-Term U.S. Equity Active ETF	22.5	75	20	2.7	+0.2
FDVV	Fidelity High Dividend ETF	22.5	15	80	7.3	+4.9
JHDV	John Hancock U.S. High Dividend ETF	22.3	34	61	6.6	+4.2
QTEC	First Trust NASDAQ-100 Technology Sector Index Fund	22.2	57	38	3.4	+1.0
DXUV	Dimensional US Vector Equity ETF	22.1	28	67	5.7	+3.3
MILN	Global X Millennial Consumer ETF	22.0	50	45	4.3	+1.8
ILCV	iShares Morningstar Value ETF	22.0	4	91	5.7	+3.3
SOXQ	Invesco PHLX Semiconductor ETF	21.9	19	76	3.1	+0.7
SMH	VanEck Semiconductor ETF	21.9	35	60	3.0	+0.5
SHOC	Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF	21.9	40	55	2.6	+0.2
SOXX	iShares Semiconductor ETF	21.8	35	60	3.3	+0.9
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	21.8	15	80	7.5	+5.1
LCOW	Pacer S&P 500 Quality FCF Aristocrats ETF	21.8	49	46	5.5	+3.0
XT	iShares Exponential Technologies ETF	21.7	46	49	4.5	+2.1
ACSI	American Customer Satisfaction ETF	21.6	65	30	5.1	+2.6
BDIV	AAM Brentview Dividend Growth ETF	21.4	49	46	3.9	+1.4
MAVF	Matrix Advisors Value ETF	21.3	75	20	5.5	+3.1
SWP	SWP Growth & Income ETF	21.1	99	-4	4.4	+2.0
MNZL	Manzil Russell Halal USA Broad MarketETF	21.0	40	55	4.3	+1.9
MTUM	iShares MSCI USA Momentum Factor ETF	21.0	15	80	2.9	+0.5
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	20.9	9	86	5.4	+2.9
VT	Vanguard Total World Stock ETF	20.8	6	89	5.5	+3.1
STRN	SMART Trend 25 ETF	20.7	59	36	3.1	+0.7
DFVX	Dimensional US Large Cap Vector ETF	20.4	22	73	5.7	+3.2
ACVF	American Conservative Values ETF	20.4	75	20	4.1	+1.7
CHPX	Global X AI Semiconductor & Quantum ETF	20.4	50	45	2.7	+0.3
YOKE	Yoke Core ETF	20.3	42	53	4.0	+1.6
SPXT	ProShares S&P 500 Ex-Technology ETF	20.3	9	86	5.1	+2.7
GVIP	Goldman Sachs Hedge Industry VIP ETF	20.1	45	50	2.9	+0.4
GLOF	iShares Global Equity Factor ETF	20.1	20	75	6.2	+3.7
WUGI	AXS Esoterica NextG Economy ETF	20.1	75	20	1.9	-0.5
NBDS	Neuberger Berman Disrupters ETF	19.8	55	40	1.0	-1.5
AVLV	Avantis U.S. Large Cap Value ETF	19.7	15	80	6.3	+3.8
QUS	State Street SPDR MSCI USA StrategicFactors ETF	19.5	15	80	5.3	+2.9
DAK	Dakota Active Equity ETF	19.4	43	52	4.1	+1.7
SAMM	Strategas Macro Momentum ETF	19.3	66	29	3.8	+1.4
FDG	American Century Focused Dynamic Growth ETF	19.3	45	50	2.0	-0.4
ANEW	ProShares MSCI Transformational Changes ETF	19.2	45	50	4.8	+2.4
PRF	Invesco FTSE RAFI US 1000 ETF	19.1	34	61	6.2	+3.8
CGGO	Capital Group Global Growth Equity ETF	19.1	47	48	4.8	+2.4
GDIV	Harbor Dividend Growth Leaders ETF	19.1	50	45	4.3	+1.9
FTXL	First Trust Nasdaq Semiconductor ETF	19.0	60	35	3.4	+1.0
JMOM	JPMorgan U.S. Momentum Factor ETF	18.9	12	83	3.9	+1.4
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	18.8	35	60	5.9	+3.5
DRUP	GraniteShares Nasdaq Select Disruptors ETF	18.6	60	35	4.0	+1.6
FFND	Future Fund Active ETF	18.5	100	-5	4.7	+2.3
VDIG	Vanguard Wellington Dividend Growth Active ETF	18.4	40	55	4.7	+2.3
MFIG	Motley Fool Innovative Growth Factor ETF	18.3	50	45	3.1	+0.6
YALL	God Bless America ETF	18.1	65	30	4.4	+1.9
SPMO	Invesco S&P 500 Momentum ETF	18.1	13	82	3.8	+1.4
FDN	First Trust Dow Jones Internet Index Fund	18.0	52	43	3.1	+0.6
FDND	FT Vest Dow Jones Internet & Target Income ETF	18.0	75	20	2.9	+0.4
PCGG	Polen Capital Global Growth ETF	18.0	85	10	4.1	+1.7
XDAT	Franklin Exponential Data ETF	17.8	50	45	1.4	-1.0
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	17.7	75	20	4.1	+1.7
SHE	State Street SPDR MSCI USA Gender Diversity ETF	17.7	20	75	5.0	+2.6
EGLE	Global X S&P 500 U.S. Revenue Leaders ETF	17.7	19	76	5.2	+2.8
DLN	WisdomTree U.S. LargeCap Dividend Fund	17.6	28	67	5.7	+3.3
KNCT	Invesco Next Gen Connectivity ETF	17.4	40	55	4.1	+1.7
CLNR	IQ Cleaner Transport ETF	17.4	45	50	3.9	+1.4
LEAD	Siren DIVCON Leaders Dividend ETF	17.4	43	52	3.9	+1.5
FNDX	Schwab Fundamental US Large Co. Index ETF	17.4	25	70	6.7	+4.3
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	17.3	56	39	7.5	+5.1
MFMO	Motley Fool Momentum Factor ETF	17.3	50	45	2.4	+0.0
FTGS	First Trust Growth Strength ETF	16.9	60	35	3.8	+1.4
SPMV	Invesco S&P 500 Minimum Variance ETF	16.9	10	85	5.1	+2.7
GINN	Goldman Sachs Innovate Equity ETF	16.8	52	43	4.2	+1.8
XLC	Communication Services Select Sector SPDR	16.7	8	87	5.5	+3.1
PRAY	FIS Christian Stock Fund	16.4	69	26	4.3	+1.8
VOX	Vanguard Communication Services ETF	16.2	9	86	4.7	+2.2
FCOM	Fidelity MSCI Communication Services Index ETF	16.2	8	87	4.7	+2.3
BRIF	FIS Bright Portfolios Focused Equity ETF	16.2	65	30	3.9	+1.5
GOP	Unusual Whales Subversive Republican Trading ETF	16.2	50	45	4.8	+2.4
SGRT	SMART Earnings Growth 30 ETF	16.2	59	36	3.1	+0.6
FNDB	Schwab Fundamental US Broad Market Index ETF	16.1	25	70	6.7	+4.3
QGRO	American Century U.S. Quality Growth ETF	16.1	29	66	4.2	+1.7
NULC	Nuveen ESG Large-Cap ETF	15.9	21	74	4.4	+2.0
DTD	WisdomTree U.S. Total Dividend Fund	15.9	28	67	6.0	+3.6
PFM	Invesco Dividend Achievers ETF	15.8	53	42	5.0	+2.5
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	15.6	25	70	5.9	+3.4
VIG	Vanguard Dividend Appreciation ETF	15.6	5	90	5.2	+2.8
HART	IQ Healthy Hearts ETF	15.5	45	50	5.7	+3.3
IYC	iShares U.S. Consumer Discretionary ETF	15.5	40	55	3.7	+1.2
RWL	Invesco S&P 500 Revenue ETF	15.4	39	56	6.2	+3.8
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	15.3	58	37	3.6	+1.2
AIVC	Amplify Bloomberg AI Value Chain ETF	15.3	59	36	5.3	+2.9
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	15.3	48	47	5.7	+3.3
LIVR	Intelligent Livermore ETF	15.2	69	26	2.9	+0.4
VOOV	Vanguard S&P 500 Value ETF	15.2	7	88	5.9	+3.5
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF	15.1	49	46	3.9	+1.5
SPYV	State Street SPDR Portfolio S&P 500 Value ETF	15.1	4	91	6.0	+3.5
IVE	iShares S&P 500 Value ETF	15.1	18	77	5.8	+3.4
SIXG	Defiance Connective Technologies ETF	15.1	30	65	3.4	+1.0
NULG	Nuveen ESG Large-Cap Growth ETF	15.1	26	69	3.3	+0.9
USRD	Themes US R&D Champions ETF	15.0	29	66	4.5	+2.0
BUYZ	Franklin Disruptive Commerce ETF	15.0	50	45	2.5	+0.1
ARTY	iShares Future AI & Tech ETF	14.9	47	48	3.7	+1.3
IXP	iShares Global Comm Services ETF	14.9	42	53	5.9	+3.5
GXPC	Global X PureCap MSCI Communication Services ETF	14.8	25	70	4.3	+1.9
ABOT	Abacus FCF Innovation Leaders ETF	14.8	69	26	4.2	+1.8
YLDE	ClearBridge Dividend Strategy ESG ETF	14.8	60	35	5.3	+2.9
CLOD	Themes Cloud Computing ETF	14.7	35	60	3.8	+1.3
WISE	Themes Generative Artificial Intelligence ETF	14.7	35	60	-0.4	-2.8
USXF	iShares ESG Advanced MSCI USA ETF	14.7	10	85	4.4	+2.0
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	14.5	35	60	4.0	+1.5
TRFK	Pacer Data and Digital Revolution ETF	14.4	60	35	2.9	+0.5
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	14.3	15	80	8.7	+6.3
DRIV	Global X Autonomous & Electric Vehicles ETF	14.3	68	27	3.9	+1.5
IUSV	iShares Core S&P US Value ETF	14.3	4	91	6.1	+3.7
VLU	State Street SPDR S&P 1500 Value Tilt ETF	14.2	12	83	6.7	+4.3
WOMN	Impact Shares YWCA Women's Empowerment ETF	14.2	75	20	5.1	+2.7
JVAL	JPMorgan U.S. Value Factor ETF	14.2	12	83	7.7	+5.3
JQUA	JPMorgan U.S. Quality Factor ETF	14.1	12	83	5.5	+3.0
STXD	Strive 1000 Dividend Growth ETF	14.1	35	60	4.7	+2.3
QWLD	SPDR MSCI World StrategicFactors ETF	14.0	30	65	5.5	+3.0
ROE	Astoria US Quality Kings ETF	14.0	49	46	5.9	+3.5
DIA	SPDR Dow Jones Industrial Average ETF	13.6	16	79	5.1	+2.7
EVUS	iShares ESG Aware MSCI USA Value ETF	13.6	18	77	6.0	+3.6
LRNZ	TrueShares Technology, AI & Deep Learning ETF	13.5	69	26	-0.8	-3.2
RAFE	PIMCO RAFI ESG U.S. ETF	13.4	29	66	6.8	+4.4
BGDV	Bahl & Gaynor Dividend ETF	13.4	45	50	4.3	+1.8
ICAP	InfraCap Equity Income Fund ETF	13.4	171	-76	4.8	+2.4
QOWZ	Invesco Nasdaq Free Cash Flow Achievers ETF	13.3	39	56	4.1	+1.7
ABFL	Abacus FCF Leaders ETF	13.3	59	36	4.1	+1.7
EQWL	Invesco S&P 100 Equal Weight ETF	13.0	25	70	5.9	+3.4
VUSV	Vanguard Wellington U.S. Value Active ETF	12.9	30	65	6.1	+3.7
PY	Principal Value ETF	12.8	15	80	7.3	+4.8
XSD	State Street SPDR S&P Semiconductor ETF	12.7	35	60	3.7	+1.3
USEW	Cambria US EW ETF	12.7	30	65	4.5	+2.0
PSI	Invesco Semiconductors ETF	12.6	57	38	2.5	+0.0
ARKW	ARK Next Generation Internet ETF	12.6	87	8	0.9	-1.6
WSGE	Warren Street Global Equity ETF	12.5	80	15	3.2	+0.7
HUMN	Roundhill Humanoid Robotics ETF	12.4	75	20	1.5	-0.9
EMOT	First Trust S&P 500 Economic Moat ETF	12.4	60	35	8.2	+5.8
JEPI	JPMorgan Equity Premium Income ETF	12.4	35	60	4.9	+2.5
IWX	iShares Russell Top 200 Value ETF	12.3	20	75	5.5	+3.1
AIS	VistaShares Artificial Intelligence Supercycle ETF	12.2	75	20	1.9	-0.5
ARKQ	ARK Autonomous Technology & Robotics ETF	12.2	75	20	1.1	-1.4
RDVY	First Trust Rising Dividend Achievers ETF	12.2	50	45	5.6	+3.2
RSPC	Invesco S&P 500 Equal Weight Communication Services ETF	12.0	40	55	5.7	+3.2
AGIQ	Sofi Agentic AI ETF	12.0	69	26	7.9	+5.4
DFNV	Donoghue Forlines Innovation ETF	12.0	69	26	4.4	+1.9
EDOW	First Trust Dow 30 Equal Weight ETF	11.9	50	45	4.9	+2.5
SIXA	ETC 6 Meridian Mega Cap Equity ETF	11.9	80	15	5.8	+3.4
PTF	Invesco Dorsey Wright Technology Momentum ETF	11.7	60	35	-1.1	-3.5
OND	ProShares On-Demand ETF	11.7	58	37	0.5	-1.9
SKYY	First Trust Cloud Computing ETF	11.6	60	35	3.4	+1.0
VLUE	iShares MSCI USA Value Factor ETF	11.5	15	80	8.2	+5.7
CTEF	Castellan Targeted Equity ETF	11.5	45	50	3.3	+0.9
SPHQ	Invesco S&P 500 Quality ETF	11.5	15	80	5.0	+2.5
DVND	Touchstone Dividend Select ETF	11.5	67	28	5.6	+3.1
XMAG	Defiance Large Cap ex-Mag 7 ETF	11.4	35	60	4.7	+2.3
ISHP	First Trust Nasdaq Retail ETF	11.4	60	35	5.5	+3.1
SPRX	Spear Alpha ETF	11.3	75	20	-0.8	-3.2
SPHB	Invesco S&P 500 High Beta ETF	11.2	25	70	4.4	+2.0
LEGR	First Trust Indxx Innovative Transaction & Process ETF	11.2	65	30	8.2	+5.8
KONG	Formidable Fortress ETF	11.1	89	6	5.4	+3.0
TMAT	Main Thematic Innovation ETF	11.1	164	-69	-2.0	-4.4
RSPT	Invesco S&P 500 Equal Weight Technology ETF	11.1	40	55	5.0	+2.5
BOTZ	Global X Robotics & Artificial Intelligence ETF	10.9	69	26	2.1	-0.3
QTUM	Defiance Quantum ETF	10.8	40	55	5.1	+2.6
TDIV	First Trust NASDAQ Technology Dividend Index Fund	10.8	50	45	5.7	+3.3
ITAN	Sparkline Intangible Value ETF	10.8	50	45	6.6	+4.2
BLCV	iShares Large Cap Value Active ETF	10.7	53	42	6.9	+4.5
ACEP	ARS Core Equity ETF	10.7	45	50	4.6	+2.1
FTCE	First Trust New Constructs Core Earnings Leaders ETF	10.7	60	35	5.1	+2.6
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	10.6	29	66	6.0	+3.6
FBOT	Fidelity Disruptive Automation ETF	10.6	50	45	3.3	+0.9
DGRO	iShares Core Dividend Growth ETF	10.6	8	87	5.8	+3.4
ROUS	Hartford Multifactor US Equity ETF	10.6	19	76	5.8	+3.4
NETZ	TCW Transform Systems ETF	10.5	75	20	1.5	-1.0
GURU	Global X Guru Index ETF	10.5	75	20	2.7	+0.3
FXL	First Trust Technology AlphaDEX Fund	10.4	61	34	6.4	+3.9
CSTK	Invesco Comstock Contrarian Equity ETF	10.4	35	60	6.4	+4.0
FBCV	Fidelity Blue Chip Value ETF	10.4	59	36	6.2	+3.8
DUSA	Davis Select U.S. Equity ETF	10.4	61	34	7.5	+5.1
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	10.4	60	35	6.5	+4.0
SMHX	VanEck Fabless Semiconductor ETF	10.4	35	60	2.8	+0.4
DIVE	Dana Concentrated Dividend ETF	10.2	65	30	7.2	+4.8
PDP	Invesco Dorsey Wright Momentum ETF	10.1	62	33	1.7	-0.7
FLAG	Global X S&P 500 U.S. Market Leaders Top 50 ETF	10.0	29	66	7.3	+4.9
RJDI	RJ Eagle GCM Dividend Select Income ETF	10.0	55	40	4.7	+2.3
DVGR	DAC 3D Dividend Growth ETF	10.0	65	30	5.0	+2.6
ARKK	ARK Innovation ETF	9.9	75	20	-3.3	-5.7
JOET	Virtus Terranova US Quality Momentum ETF	9.9	29	66	4.1	+1.7
FPAG	FPA Global Equity ETF	9.8	49	46	6.4	+4.0
SOCL	Global X Social Media ETF	9.7	65	30	13.2	+10.8
QUVU	Hartford Quality Value ETF	9.7	46	49	6.0	+3.5
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	9.6	39	56	1.3	-1.2
BGIG	Bahl & Gaynor Income Growth ETF	9.6	45	50	4.7	+2.3
FFF	Founders 100 ETF	9.6	75	20	2.9	+0.5
TDV	ProShares S&P Technology Dividend Aristocrats ETF	9.4	45	50	5.7	+3.2
MOAT	VanEck Morningstar Wide Moat ETF	9.4	46	49	5.8	+3.4
IVRS	iShares Future Metaverse Tech and Communications ETF	9.2	47	48	5.6	+3.2
TINY	ProShares Nanotechnology ETF	9.2	58	37	1.8	-0.6
IEDI	iShares U.S. Consumer Focused ETF	9.1	18	77	5.1	+2.6
NEWZ	StockSnips AI-Powered Sentiment US All Cap ETF	9.0	65	30	5.3	+2.9
FELV	Fidelity Enhanced Large Cap Value ETF	8.9	18	77	6.1	+3.7
NULV	Nuveen ESG Large-Cap Value ETF	8.9	26	69	5.6	+3.2
BWEB	Bitwise Web3 ETF	8.8	85	10	0.0	-2.4
VONV	Vanguard Russell 1000 Value ETF	8.7	7	88	6.0	+3.5
RTH	VanEck Retail ETF	8.7	35	60	4.8	+2.4
RW	Rainwater Equity ETF	8.7	125	-30	3.1	+0.7
IWD	iShares Russell 1000 Value ETF	8.7	19	76	5.9	+3.4
GPT	Intelligent Alpha Atlas ETF	8.7	69	26	6.6	+4.2
TMFG	Motley Fool Global Opportunities ETF	8.6	85	10	4.1	+1.7
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	8.6	60	35	4.2	+1.7
TRFM	AAM Transformers ETF	8.5	49	46	1.3	-1.2
VALQ	American Century U.S. Quality Value ETF	8.3	29	66	7.3	+4.8
DGT	State Street SPDR Global Dow ETF	8.3	50	45	6.2	+3.8
ARKX	ARK Space Exploration & Innovation ETF	8.3	75	20	0.1	-2.4
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	8.2	65	30	1.7	-0.7
OCEN	IQ Clean Oceans ETF	8.1	45	50	4.5	+2.1
CBSE	Clough Select Equity ETF	8.1	85	10	0.5	-1.9
WAR	U.S. Global Tech and Aerospace & Defense ETF	8.1	60	35	0.3	-2.2
GVUS	Marketbeta Russell 1000 Value Equity ETF	8.1	12	83	5.9	+3.5
MGV	Vanguard Mega Cap Value ETF	8.0	7	88	5.8	+3.3
DTCR	Global X Data Center & Digital Infrastructure ETF	8.0	50	45	4.2	+1.8
FUNL	CornerCap Fundametrics Large-Cap ETF	8.0	50	45	6.1	+3.7
USMV	iShares MSCI USA Min Vol Factor ETF	7.9	15	80	5.4	+2.9
PRXV	Praxis Impact Large Cap Value ETF	7.9	36	59	5.9	+3.5
RPG	Invesco S&P 500 Pure Growth ETF	7.8	35	60	3.1	+0.7
IBOT	Vaneck Robotics ETF	7.8	47	48	3.9	+1.5
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	7.8	8	87	4.6	+2.2
TRUD	VanEck Consumer Disc TruSector ETF	7.8	14	81	3.1	+0.6
GXPD	Global X PureCap MSCI Consumer Discretionary ETF	7.8	25	70	3.7	+1.3
RXI	iShares Global Consumer Discretionary ETF	7.8	41	54	8.4	+6.0
XLY	Consumer Discretionary Select Sector SPDR	7.8	8	87	4.6	+2.2
VCR	Vanguard Consumer Discretionary ETF	7.8	9	86	4.6	+2.2
SAMT	Strategas Macro Thematic Opportunities ETF	7.7	65	30	2.6	+0.1
KAT	Scharf ETF	7.7	87	8	6.3	+3.9
AQEC	AQE Core ETF	7.6	49	46	5.4	+3.0
ERTH	Invesco MSCI Sustainable Future ETF	7.6	62	33	3.1	+0.7
IBLC	iShares Blockchain and Tech ETF	7.5	47	48	-1.4	-3.9
SPGP	Invesco S&P 500 GARP ETF	7.5	34	61	6.2	+3.8
MOTO	SmartETFs Smart Transportation & Technology ETF	7.3	68	27	6.3	+3.8
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	7.3	18	77	5.3	+2.9
IGV	iShares Expanded Tech-Software Sector ETF	7.3	41	54	3.8	+1.4
BOTT	Themes Robotics & Automation ETF	7.3	35	60	-4.4	-6.9
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	7.2	49	46	5.0	+2.6
SPIT	F/m Emerald Special Situations ETF	7.2	105	-10	-0.6	-3.1
GEW	Cambria Global EW ETF	7.2	29	66	5.8	+3.3
CGDG	Capital Group Dividend Growers ETF	7.1	47	48	5.4	+2.9
SHRY	First Trust Bloomberg Shareholder Yield ETF	7.0	60	35	8.5	+6.0
CHGX	AXS Change Finance ESG ETF	7.0	49	46	5.1	+2.7
FTC	First Trust Large Cap Growth AlphaDEX Fund	7.0	59	36	2.1	-0.4
OPTZ	Optimize Strategy Index ETF	7.0	50	45	4.3	+1.8
ARKF	ARK Fintech Innovation ETF	6.9	75	20	0.3	-2.1
BNGE	First Trust S-Network Streaming and Gaming ETF	6.9	70	25	3.1	+0.7
CDIG	City Different Investments Global Equity ETF	6.9	75	20	-1.6	-4.0
GKAT	Scharf Global Opportunity ETF	6.9	57	38	6.2	+3.8
LST	Leuthold Select Industries ETF	6.8	91	4	5.4	+3.0
DFLV	Dimensional US Large Cap Value ETF	6.8	22	73	6.6	+4.1
NXTG	First Trust Indxx NextG ETF	6.7	70	25	4.9	+2.5
VFQY	Vanguard U.S. Quality Factor ETF	6.7	13	82	5.9	+3.5
AIPO	Defiance AI & Power Infrastructure ETF	6.6	69	26	1.0	-1.4
TEXN	iShares Texas Equity ETF	6.6	20	75	5.3	+2.8
DFUV	Dimensional US Marketwide Value ETF	6.6	22	73	6.6	+4.2
AKAF	The Frontier Economic Fund	6.6	20	75	5.4	+3.0
INCE	Franklin Income Equity Focus ETF	6.6	29	66	5.4	+3.0
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	6.5	68	27	0.8	-1.6
QQLV	Invesco QQQ Low Volatility ETF	6.5	25	70	4.4	+1.9
DIVS	SmartETFs Dividend Builder ETF	6.4	65	30	4.8	+2.4
FCLD	Fidelity Cloud Computing ETF	6.4	39	56	4.2	+1.7
EQRR	ProShares Equities for Rising Rates ETF	6.4	35	60	6.3	+3.9
DWLD	Davis Select Worldwide ETF	6.3	63	32	7.2	+4.8
JAVA	JPMorgan Active Value ETF	6.3	44	51	5.9	+3.4
WGMI	Valkyrie Bitcoin Miners ETF	6.3	75	20	-3.6	-6.0
BLOK	Amplify Transformational Data Sharing ETF	6.3	75	20	-0.0	-2.5
CLOU	Global X Cloud Computing ETF	6.2	68	27	3.1	+0.6
TCAI	Tortoise AI Infrastructure ETF	6.2	65	30	1.8	-0.6
MNRS	Grayscale Bitcoin Miners ETF	6.2	59	36	-2.9	-5.3
SSPY	Syntax Stratified LargeCap ETF	6.1	30	65	6.4	+4.0
IGE	iShares North American Natural Resources ETF	6.1	41	54	5.4	+3.0
NANR	SPDR S&P North American Natural Resources ETF	6.1	35	60	6.2	+3.8
VFMF	Vanguard U.S. Multifactor ETF	6.1	18	77	7.2	+4.7
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	6.1	15	80	6.3	+3.8
TTAC	FCF US Quality ETF	6.0	59	36	5.3	+2.9
PEZ	Invesco Dorsey Wright Consumer Cyclicals Momentum ETF	6.0	60	35	0.8	-1.6
FTCS	First Trust Capital Strength ETF	5.9	55	40	5.5	+3.1
XITK	State Street SPDR FactSet Innovative Technology ETF	5.8	45	50	0.2	-2.2
MISL	First Trust Indxx Aerospace & Defense ETF	5.8	60	35	1.7	-0.8
HUSV	First Trust Horizon Managed Volatility Domestic ETF	5.7	70	25	4.8	+2.3
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	5.7	61	34	1.5	-1.0
XOEF	iShares S&P 500 ex S&P 100 ETF	5.6	20	75	5.0	+2.6
BCOR	Grayscale Bitcoin Adopters ETF	5.6	59	36	2.0	-0.4
TINT	ProShares Smart Materials ETF	5.6	58	37	6.2	+3.8
VICE	AdvisorShares Vice ETF	5.6	99	-4	5.9	+3.4
XAR	State Street SPDR S&P Aerospace & Defense ETF	5.4	35	60	1.8	-0.7
VFMO	Vanguard U.S. Momentum Factor ETF	5.3	13	82	1.9	-0.5
VYM	Vanguard High Dividend Yield Index ETF	5.3	6	89	6.4	+4.0
REVS	Columbia Research Enhanced Value ETF	5.3	19	76	7.2	+4.8
FMTM	MarketDesk Focused U.S. Momentum ETF	5.2	45	50	5.4	+3.0
HAIL	State Street SPDR S&P Kensho Smart Mobility ETF	5.1	45	50	-1.6	-4.0
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	5.0	60	35	5.2	+2.8
TXS	Texas Capital Texas Equity Index ETF	4.9	49	46	5.2	+2.7
POWA	Invesco Bloomberg Pricing Power ETF	4.9	40	55	5.7	+3.3
HYP	Golden Eagle Dynamic Hypergrowth ETF	4.9	85	10	-0.8	-3.2
ONLN	ProShares Online Retail ETF	4.8	58	37	1.4	-1.1
ASLV	Allspring Special Large Value ETF	4.8	35	60	5.4	+3.0
WTV	WisdomTree US Value Fund of Benef Interest	4.8	12	83	8.1	+5.7
FFTY	Innovator IBD 50 ETF	4.8	80	15	0.1	-2.4
QQWZ	Pacer Cash COWZ 100-Nasdaq100 Rotator ETF	4.8	49	46	7.7	+5.3
COWZ	Pacer US Cash Cows 100 ETF	4.8	49	46	7.7	+5.3
AVIE	Avantis� Inflation Focused Equity ETF	4.8	25	70	6.1	+3.7
FTWO	Strive FAANG 2.0 ETF	4.8	49	46	3.8	+1.4
LGCF	Themes US Cash Flow Champions ETF	4.7	30	65	7.4	+5.0
AIRR	First Trust RBA American Industrial Renaissance ETF	4.7	70	25	4.0	+1.5
WLDR	Affinity World Leaders Equity ETF	4.7	67	28	6.9	+4.4
JSTC	Adasina Social Justice All Cap Global ETF	4.7	89	6	4.9	+2.5
MVAL	VanEck Morningstar Wide Moat Value ETF	4.6	49	46	6.4	+4.0
SCHV	Schwab U.S. Large-Cap Value ETF	4.6	4	91	6.0	+3.6
VTV	Vanguard Value ETF	4.6	4	91	6.1	+3.7
PTL	Inspire 500 ETF	4.6	9	86	4.8	+2.4
LQPE	PEO AlphaQuest Thematic PE ETF	4.6	125	-30	5.3	+2.9
SHLD	Global X Defense Tech ETF	4.5	50	45	2.6	+0.2
ECML	Euclidean Fundamental Value ETF	4.4	95	0	9.3	+6.8
RSPD	Invesco S&P 500 Equal Weight Consumer Discretionary ETF	4.4	40	55	5.9	+3.5
KNO	AXS Knowledge Leaders ETF	4.4	78	17	4.8	+2.4
FCTR	First Trust Lunt U.S. Factor Rotation ETF	4.4	65	30	5.1	+2.6
TOLL	Tema Durable Quality ETF	4.4	75	20	4.4	+2.0
EBIZ	Global X E-Commerce ETF	4.3	50	45	4.8	+2.4
SURE	AdvisorShares Insiders Advantage ETF	4.3	90	5	8.5	+6.1
XRT	State Street SPDR S&P Retail ETF	4.3	35	60	7.9	+5.4
TOGA	Tremblant Global ETF	4.2	69	26	-0.2	-2.6
QVAL	Alpha Architect US Quantitative Value ETF	4.1	39	56	9.8	+7.4
FEX	First Trust Large Cap Core AlphaDEX Fund	4.1	59	36	5.4	+3.0
FAD	First Trust Multi Cap Growth AlphaDEX Fund	4.1	64	31	1.5	-1.0
SDG	iShares MSCI Global Sustainable Development Goals ETF	4.1	49	46	4.9	+2.5
FITE	State Street SPDR S&P Kensho Future Security ETF	4.0	45	50	1.3	-1.1
RSPE	Invesco ESG S&P 500 Equal Weight ETF	4.0	20	75	6.1	+3.7
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	4.0	20	75	0.9	-1.5
GNR	SPDR S&P Global Natural Resources ETF	4.0	40	55	8.3	+5.9
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	4.0	46	49	7.5	+5.1
VFVA	Vanguard U.S. Value Factor ETF	4.0	13	82	10.0	+7.6
RSP	Invesco S&P 500 Equal Weight ETF	3.9	20	75	6.3	+3.8
MOTG	VanEck Morningstar Global Wide Moat ETF	3.9	52	43	8.1	+5.7
MBOX	Freedom Day Dividend ETF	3.9	39	56	7.2	+4.7
PSL	Invesco Dorsey Wright Consumer Staples Momentum ETF	3.8	60	35	5.6	+3.2
FSTA	FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF	3.8	8	87	5.5	+3.1
GXPS	Global X PureCap MSCI Consumer Staples ETF	3.8	25	70	4.8	+2.3
KXI	iShares Global Consumer Staples ETF	3.8	41	54	5.4	+2.9
XLP	Consumer Staples Select Sector SPDR	3.8	8	87	5.8	+3.4
VDC	Vanguard Consumer Staples ETF	3.8	9	86	5.5	+3.1
VFMV	Vanguard U.S. Minimum Volatility ETF	3.8	13	82	5.9	+3.5
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	3.8	9	86	5.6	+3.1
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	3.7	58	37	3.9	+1.5
GLRY	Inspire Faithward Mid Cap Momentum ETF	3.7	80	15	4.1	+1.7
CIBR	First Trust NASDAQ Cybersecurity ETF	3.7	60	35	4.9	+2.4
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	3.7	60	35	3.5	+1.0
CZAR	Themes Natural Monopoly ETF	3.7	35	60	5.5	+3.1
RPV	Invesco S&P 500 Pure Value ETF	3.7	35	60	9.2	+6.8
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	3.7	40	55	7.2	+4.7
JPUS	JPMorgan Diversified Return U.S. Equity ETF	3.7	18	77	7.2	+4.7
FEGE	First Eagle Global Equity ETF	3.6	79	16	6.4	+4.0
EUSA	iShares MSCI USA Equal Weighted ETF	3.6	9	86	5.9	+3.5
GRNJ	Fundstrat Granny Shts US Sm- &Mid-CapETF	3.5	75	20	2.3	-0.1
USCF	Themes US Cash Flow Champions ETF	3.5	29	66	7.8	+5.4
BFOR	ALPS Barron's 400 ETF	3.4	65	30	5.3	+2.9
SIZE	iShares MSCI USA Size Factor ETF	3.4	15	80	5.9	+3.4
FLV	American Century Focused Large Cap Value ETF	3.4	42	53	6.2	+3.8
CNRG	State Street SPDR S&P Kensho Clean Power ETF	3.3	45	50	0.0	-2.4
ACWV	iShares MSCI Global Min Vol Factor ETF	3.2	20	75	5.8	+3.4
RSPG	Invesco S&P 500 Equal Weight Energy ETF	3.2	40	55	7.7	+5.3
FENY	Fidelity MSCI Energy Index ETF	3.2	8	87	6.3	+3.9
FCG	First Trust Natural Gas ETF	3.2	60	35	12.3	+9.8
FTXN	First Trust Nasdaq Oil & Gas ETF	3.2	60	35	7.8	+5.4
FXN	First Trust Energy AlphaDEX Fund	3.2	62	33	9.5	+7.1
GXPE	Global X PureCap MSCI Energy ETF	3.2	25	70	6.1	+3.6
SCHD	Schwab US Dividend Equity ETF	3.2	6	89	8.4	+5.9
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	3.2	40	55	8.9	+6.5
IXC	iShares Global Energy ETF	3.2	44	51	6.8	+4.4
IYE	iShares U.S. Energy ETF	3.2	40	55	6.2	+3.7
XLE	Energy Select Sector SPDR	3.2	8	87	6.4	+4.0
DRLL	Strive U.S. Energy ETF	3.2	41	54	7.0	+4.6
DIVL	Madison Dividend Value ETF	3.2	65	30	4.8	+2.4
VDE	Vanguard Energy ETF	3.2	9	86	6.2	+3.8
UDI	USCF Dividend Income Fund	3.2	65	30	6.9	+4.4
USMF	WisdomTree U.S. Multifactor Fund	3.2	28	67	6.7	+4.3
ALRG	Allspring LT Large Core ETF	3.2	28	67	3.8	+1.4
DGLO	First Trust RBA Deglobalization ETF	3.2	70	25	5.5	+3.1
SPVU	Invesco S&P 500 Enhanced Value ETF	3.2	13	82	8.9	+6.5
FDL	First Trust Morningstar Dividend Leaders Index Fund	3.2	45	50	8.9	+6.4
HAP	VanEck Natural Resources ETF	3.1	50	45	6.7	+4.3
PRN	Invesco Dorsey Wright Industrials Momentum ETF	3.1	60	35	1.4	-1.0
JEDI	Defiance Drone and Modern Warfare ETF	3.1	69	26	1.3	-1.1
ULVM	VictoryShares US Value Momentum ETF	3.1	20	75	6.6	+4.1
AGQI	First Trust Active Global Quality Income ETF	3.1	85	10	6.8	+4.4
CFA	VictoryShares US 500 Volatility Wtd ETF	3.0	35	60	5.5	+3.1
BULD	Pacer BlueStar Engineering the Future ETF	3.0	60	35	0.5	-2.0
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	3.0	40	55	5.5	+3.1
VOE	Vanguard Mid-Cap Value ETF	3.0	7	88	7.1	+4.6
FDIG	Fidelity Crypto Industry and Digital Payments ETF	3.0	39	56	-1.4	-3.8
BITQ	Bitwise Crypto Industry Innovators ETF	3.0	85	10	-2.5	-4.9
DAPP	VanEck Digital Transformation ETF	3.0	50	45	0.0	-2.4
BKCH	Global X Blockchain ETF	3.0	50	45	-3.5	-5.9
IBUY	Amplify Online Retail ETF	2.9	65	30	2.4	0.0
PYZ	Invesco Dorsey Wright Basic Materials Momentum ETF	2.9	60	35	4.4	+2.0
RSPM	Invesco S&P 500 Equal Weight Materials ETF	2.9	40	55	5.6	+3.2
FMAT	Fidelity MSCI Materials Index ETF	2.9	8	87	5.2	+2.7
SGDM	Sprott Gold Miners ETF	2.9	50	45	2.9	+0.5
FXZ	First Trust Materials AlphaDEX Fund	2.9	61	34	7.3	+4.9
GDX	VanEck Gold Miners ETF	2.9	51	44	2.9	+0.5
AUAU	Global X Gold Miners ETF	2.9	35	60	2.6	+0.1
ICOP	iShares Copper and Metals Mining ETF	2.9	47	48	6.4	+4.0
IYM	iShares U.S. Basic Materials ETF	2.9	40	55	4.7	+2.3
MXI	iShares Global Materials ETF	2.9	41	54	6.3	+3.9
RING	iShares MSCI Global Gold Miners ETF	2.9	39	56	3.5	+1.1
SLVP	iShares MSCI Global Silver Miners ETF	2.9	39	56	4.1	+1.7
XLB	Materials Select Sector SPDR	2.9	8	87	5.6	+3.2
XME	State Street SPDR S&P Metals & Mining ETF	2.9	35	60	5.6	+3.1
BUL	Pacer US Cash Cows Growth ETF	2.9	60	35	3.6	+1.2
AGMI	Themes Silver Miners ETF	2.9	35	60	4.2	+1.8
VAW	Vanguard Materials ETF	2.9	9	86	5.2	+2.7
EV	Mast Global Battery Recycling & Production ETF	2.9	65	30	6.2	+3.8
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	2.9	39	56	1.2	-1.2
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	2.9	72	23	2.3	-0.1
ACES	ALPS Clean Energy ETF	2.9	55	40	-2.7	-5.2
FTXR	First Trust Nasdaq Transportation ETF	2.9	60	35	7.5	+5.1
QCLN	First Trust Nasdaq Clean Edge Green Energy Index Fund	2.9	58	37	-2.1	-4.5
SMOG	VanEck Low Carbon Energy ETF	2.9	61	34	1.4	-1.1
IDRV	iShares Self-driving EV & Tech ETF	2.9	47	48	1.4	-1.0
BATT	Amplify Lithium & Battery Technology ETF	2.9	59	36	2.1	-0.3
CGRO	CoreValues Alpha Greater China Growth ETF	2.9	75	20	4.7	+2.3
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	2.9	20	75	6.6	+4.1
TAX	Cambria Tax Aware ETF	2.9	49	46	4.6	+2.1
LIT	Global X Lithium & Battery Tech ETF	2.9	75	20	5.6	+3.1
MAGA	Point Bridge America First ETF	2.8	72	23	5.3	+2.9
STXV	Strive 1000 Value ETF	2.8	18	77	7.1	+4.7
ITA	iShares U.S. Aerospace & Defense ETF	2.8	40	55	1.5	-0.9
PPA	Invesco Aerospace & Defense ETF	2.8	58	37	1.8	-0.6
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	2.8	78	17	10.5	+8.1
FCTE	SMI 3Fourteen Full-Cycle Trend ETF	2.8	85	10	4.5	+2.1
BEEZ	Honeytree U.S. Equity ETF	2.8	64	31	3.8	+1.3
DURA	VanEck Durable High Dividend ETF	2.8	29	66	6.3	+3.9
VFLO	VictoryShares Free Cash Flow ETF	2.8	39	56	8.2	+5.8
PWV	Invesco Large Cap Value ETF	2.7	55	40	6.6	+4.2
NVIR	Horizon Kinetics Energy and Remediation ETF	2.7	85	10	4.8	+2.4
DIVG	Invesco S&P 500 High Dividend Growers ETF	2.7	39	56	7.7	+5.2
SATO	Invesco Alerian Galaxy Crypto Economy ETF	2.7	61	34	-0.7	-3.2
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	2.7	35	60	8.9	+6.5
SFGV	Sequoia Global Value ETF	2.6	23	72	7.5	+5.1
ESPO	VanEck Video Gaming and eSports ETF	2.6	56	39	6.6	+4.2
HERO	Global X Video Games & Esports ETF	2.6	50	45	5.9	+3.5
LOUP	Innovator Deepwater Frontier Tech ETF	2.6	70	25	1.2	-1.2
NERD	Roundhill Video Games ETF	2.6	50	45	7.8	+5.4
ODDS	Pacer BlueStar Digital Entertainment ETF	2.6	60	35	4.9	+2.4
XSW	State Street SPDR S&P Software & Services ETF	2.6	35	60	3.2	+0.8
EQAL	Invesco Russell 1000 Equal Weight ETF	2.6	20	75	6.4	+4.0
NUMG	Nuveen ESG Mid-Cap Growth ETF	2.6	31	64	2.0	-0.5
HDV	iShares Core High Dividend ETF	2.6	8	87	6.0	+3.5
ETHO	Etho Climate Leadership U.S. ETF	2.6	47	48	4.8	+2.4
DIVN	Horizon Dividend Income ETF	2.5	70	25	6.6	+4.2
VSDA	VictoryShares Dividend Accelerator ETF	2.5	35	60	6.6	+4.2
ABLD	Abacus FCF Real Assets Leaders ETF	2.5	69	26	6.4	+4.0
QNXT	iShares Nasdaq-100 ex Top 30 ETF	2.5	20	75	4.6	+2.1
FTDS	First Trust Dividend Strength ETF	2.5	70	25	7.0	+4.6
FOWF	Pacer Solactive Whitney Fututre of Warfare ETF	2.5	60	35	3.5	+1.1
SPVM	Invesco S&P 500 Value with Momentum ETF	2.4	39	56	6.7	+4.2
ROBO	ROBO Global Robotics & Automation Index ETF	2.4	95	0	2.9	+0.5
SDOG	ALPS Sector Dividend Dogs ETF	2.4	36	59	8.6	+6.2
IMCV	iShares Morningstar Mid-Cap Value ETF	2.4	6	89	7.3	+4.9
PXI	Invesco Dorsey Wright Energy Momentum ETF	2.4	60	35	4.9	+2.5
FDHT	Fidelity Digital Health ETF	2.4	39	56	1.7	-0.7
AUSF	Global X Adaptive U.S. Factor ETF	2.4	27	68	8.2	+5.7
SAWS	AAM Sawgrass US Small Cap Quality Growth ETF	2.3	55	40	3.5	+1.0
AESR	Anfield U.S. Equity Sector Rotation ETF	2.3	108	-13	3.4	+1.0
ROKT	State Street SPDR S&P Kensho Final Frontiers ETF	2.3	45	50	0.9	-1.5
SAGP	Strategas Global Policy Opportunities ETF	2.3	65	30	4.9	+2.5
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	2.2	12	83	5.6	+3.1
VO	Vanguard Mid-Cap ETF	2.2	4	91	5.6	+3.2
FXD	First Trust Consumer Discretionary AlphaDEX Fund	2.2	61	34	8.1	+5.6
DBSC	Deepwater Beachfront Small Cap ETF	2.2	85	10	1.3	-1.1
GCOW	Pacer Global Cash Cows Dividend ETF	2.2	60	35	9.2	+6.7
LYLD	Cambria Large Cap Shareholder Yield ETF	2.1	59	36	8.6	+6.2
ETEC	iShares Breakthrough Environmental Solutions ETF	2.1	47	48	3.0	+0.6
DTEC	ALPS Disruptive Technologies ETF	2.1	50	45	4.0	+1.5
DJD	Invesco Dow Jones Industrial Average Dividend ETF	2.1	7	88	6.8	+4.3
TPHE	Timothy Plan High Dividend Stock Enhanced ETF	2.1	54	41	5.8	+3.4
AIVL	WisdomTree U.S. AI Enhanced Value Fund	2.1	38	57	5.5	+3.1
SNPV	Xtrackers S&P 500 Value ESG ETF	2.1	15	80	5.8	+3.4
ONEY	State Street SPDR Russell 1000 Yield Focus ETF	2.0	20	75	9.1	+6.7
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	2.0	95	0	-0.5	-2.9
DIVB	iShares Core Dividend ETF	2.0	5	90	7.7	+5.3
PJP	Invesco Pharmaceuticals ETF	2.0	57	38	7.4	+5.0
FHLC	Fidelity MSCI Health Care Index ETF	2.0	8	87	5.5	+3.1
GDOC	Goldman Sachs Future Health Care Equity ETF	2.0	75	20	1.0	-1.5
HELX	Franklin Genomic Advancements ETF	2.0	50	45	-1.4	-3.9
PINK	Simplify Health Care ETF	2.0	50	45	1.0	-1.4
WDNA	WisdomTree BioRevolution Fund	2.0	45	50	-2.4	-4.8
MEDI	Harbor Health Care ETF	2.0	80	15	-1.4	-3.9
JDOC	JPMorgan Healthcare Leaders ETF	2.0	65	30	3.6	+1.2
FTXH	First Trust Nasdaq Pharmaceuticals ETF	2.0	60	35	7.1	+4.7
FXH	First Trust Health Care AlphaDEX Fund	2.0	62	33	5.1	+2.6
PPH	VanEck Pharmaceutical ETF	2.0	36	59	7.0	+4.5
AGNG	Global X Aging Population ETF	2.0	50	45	4.3	+1.9
GNOM	Global X Genomics & Biotechnology ETF	2.0	50	45	-2.9	-5.4
IHE	iShares U.S. Pharmaceuticals ETF	2.0	40	55	5.0	+2.5
IXJ	iShares Global Healthcare ETF	2.0	42	53	6.4	+3.9
IYH	iShares U.S. Healthcare ETF	2.0	40	55	6.0	+3.6
XLV	Health Care Select Sector SPDR	2.0	8	87	6.8	+4.3
XPH	State Street SPDR S&P Pharmaceuticals ETF	2.0	35	60	-1.9	-4.4
MEDX	Horizon Kinetics Medical ETF	2.0	85	10	1.6	-0.9
CANC	Tema Oncology ETF	2.0	75	20	-2.5	-4.9
HRTS	Tema Heart & Health ETF	2.0	75	20	3.0	+0.6
OZEM	Roundhill GLP-1 & Weight Loss ETF	2.0	59	36	5.4	+3.0
THNR	Amplify Weight Loss Drug & Treatment ETF	2.0	59	36	5.9	+3.5
VHT	Vanguard Health Care ETF	2.0	9	86	5.3	+2.9
IVRA	Invesco Real Assets ESG ETF	2.0	59	36	6.2	+3.7
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	2.0	60	35	2.2	-0.2
DEUS	Xtrackers Russell US Multifactor ETF	2.0	17	78	6.8	+4.4
FDLS	Inspire Fidelis Multi Factor ETF	2.0	76	19	3.5	+1.1
FMKT	The Free Markets ETF	2.0	76	19	4.4	+2.0
SMOT	VanEck Morningstar SMID Moat ETF	2.0	49	46	6.8	+4.4
FNY	First Trust Mid Cap Growth AlphaDEX Fund	2.0	70	25	2.3	-0.1
NBCT	Neuberger Berman Carbon Transition Infrastructure ETF	2.0	55	40	4.5	+2.1
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	2.0	58	37	4.9	+2.5
FPX	First Trust US Equity Opportunities ETF	1.9	61	34	1.0	-1.4
IYZ	iShares U.S. Telecommunications ETF	1.9	40	55	6.1	+3.6
XTL	State Street SPDR S&P Telecom ETF	1.9	35	60	2.0	-0.5
UFO	Procure Space ETF	1.9	75	20	0.1	-2.4
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	1.9	60	35	7.8	+5.4
CVAR	Cultivar ETF	1.9	87	8	7.2	+4.8
SMRI	Bushido Capital US Equity ETF	1.9	71	24	8.6	+6.1
WBAT	WisdomTree Battery Value Chain and Innovation Fund	1.9	45	50	-0.9	-3.4
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	1.9	50	45	9.0	+6.5
FTA	First Trust Large Cap Value AlphaDEX Fund	1.8	59	36	7.8	+5.4
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	1.8	40	55	7.6	+5.1
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	1.8	75	20	2.6	+0.1
FMED	Fidelity Disruptive Medicine ETF	1.8	50	45	-1.2	-3.7
IMCB	iShares Morningstar Mid-Cap ETF	1.7	4	91	5.7	+3.3
EQIN	Columbia US Equity Income ETF	1.7	35	60	6.3	+3.9
DVLU	First Trust Dorsey Wright Momentum & Value ETF	1.6	60	35	7.0	+4.6
DVY	iShares Select Dividend ETF	1.6	38	57	8.2	+5.8
PPIE	Putnam PanAgora ESG International Equity ETF	1.6	49	46	7.0	+4.5
OAIM	OneAscent International Equity ETF	1.6	95	0	5.1	+2.6
DFSI	Dimensional International Sustainability Core 1 ETF	1.6	24	71	6.1	+3.6
DIHP	Dimensional International High Profitability ETF	1.6	29	66	6.1	+3.6
APIE	ActivePassive International Equity ETF	1.6	45	50	6.9	+4.5
ABLG	Abacus FCF International Leaders ETF	1.6	59	36	6.7	+4.3
FEOE	First Eagle Overseas Equity ETF	1.6	79	16	6.6	+4.2
NUMV	Nuveen ESG Mid-Cap Value ETF	1.6	31	64	6.0	+3.6
PBW	Invesco WilderHill Clean Energy ETF	1.5	66	29	-3.3	-5.7
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	1.5	25	70	8.4	+6.0
MAKX	ProShares S&P Kensho Smart Factories ETF	1.4	58	37	1.6	-0.9
TPLC	Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	1.4	52	43	5.1	+2.7
NATO	Themes Transatlantic Defense ETF	1.4	35	60	1.8	-0.6
DFAI	Dimensional International Core Equity Market ETF	1.4	18	77	6.4	+4.0
GINX	SGI Enhanced Global Income ETF	1.3	98	-3	7.1	+4.7
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	1.3	60	35	7.3	+4.9
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	1.3	40	55	4.6	+2.2
RSMC	Rockefeller U.S. Small-Mid Cap ETF	1.2	75	20	4.5	+2.1
FFOX	FundX Future Fund Opportunities ETF	1.2	100	-5	2.6	+0.2
SSUS	Day Hagan/Ned Davis Research Smart Sector ETF	1.2	79	16	4.0	+1.6
TMFX	Motley Fool Next Index ETF	1.2	50	45	3.2	+0.8
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.2	7	88	5.8	+3.4
XMLV	Invesco S&P MidCap Low Volatility ETF	1.2	25	70	7.0	+4.6
LSAF	LeaderShares AlphaFactor US Core Equity ETF	1.2	75	20	6.6	+4.1
FNX	First Trust Mid Cap Core AlphaDEX Fund	1.1	60	35	6.7	+4.2
ARKG	ARK Genomic Revolution ETF	1.1	75	20	-1.9	-4.4
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	1.1	60	35	10.1	+7.7
VBK	Vanguard Small-Cap Growth ETF	1.1	7	88	1.4	-1.0
IWP	iShares Russell Mid-Cap Growth ETF	1.1	23	72	3.0	+0.6
IWO	iShares Russell 2000 Growth ETF	1.1	24	71	0.6	-1.8
ISCG	iShares Morningstar Small-Cap Growth ETF	1.1	6	89	3.0	+0.6
SYLD	Cambria Shareholder Yield ETF	1.1	59	36	10.7	+8.2
JHMM	John Hancock Multifactor Mid Cap ETF	1.1	42	53	5.8	+3.4
BMVP	Invesco Bloomberg MVP Multi-factor ETF	1.1	29	66	6.7	+4.3
PBJ	Invesco Food & Beverage ETF	1.1	57	38	7.6	+5.2
PKW	Invesco Buyback Achievers ETF	1.1	62	33	7.6	+5.2
IYK	iShares U.S. Consumer Staples ETF	1.1	40	55	6.1	+3.6
DSTL	Distillate US Fundamental Stability & Value ETF	1.1	39	56	7.9	+5.5
COWS	Amplify Cash Flow Dividend Leaders ETF	1.1	0	95	7.7	+5.3
FSGS	First Trust SMID Growth Strength ETF	1.1	60	35	5.1	+2.7
DVOL	First Trust Dorsey Wright Momentum & Low Volatility ETF	1.1	60	35	4.5	+2.1
FINX	Global X FinTech ETF	1.0	68	27	3.2	+0.8
AVMC	Avantis U.S. Mid Cap Equity ETF	1.0	18	77	6.4	+3.9
STXM	Strive Mid-Cap ETF	1.0	18	77	5.7	+3.3
VOT	Vanguard Mid-Cap Growth ETF	1.0	7	88	3.4	+1.0
RNSC	Furst Trust Small Cap US Equity Select ETF	1.0	60	35	4.7	+2.2
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	1.0	39	56	3.9	+1.5
GVLU	Gotham 1000 Value ETF	1.0	50	45	8.5	+6.0
VAMO	Cambria Value & Momentum ETF	1.0	61	34	5.1	+2.7
FMDE	Fidelity Enhanced Mid Cap ETF	1.0	23	72	5.8	+3.4
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	1.0	60	35	5.1	+2.7
RSSL	Global X Russell 2000 ETF	1.0	8	87	3.0	+0.6
FAB	First Trust Multi Cap Value AlphaDEX Fund	1.0	67	28	9.0	+6.5
ALTL	Pacer Lunt Large Cap Alternator ETF	1.0	60	35	4.9	+2.5
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	1.0	15	80	4.5	+2.0
FFSM	Fidelity Fundamental Small-Mid Cap ETF	1.0	43	52	5.4	+2.9
CSA	VictoryShares US Small Cap Volatility Wtd ETF	1.0	35	60	6.4	+4.0
IJK	iShares S&P Mid-Cap 400 Growth ETF	1.0	17	78	4.4	+2.0
DFIC	Dimensional International Core Equity 2 ETF	0.9	23	72	6.6	+4.2
IWR	iShares Russell Midcap ETF	0.9	19	76	5.8	+3.3
CVY	Invesco Zacks Multi-Asset Income ETF	0.9	106	-11	10.5	+8.1
AVMV	Avantis U.S. Mid Cap Value ETF	0.9	20	75	7.6	+5.2
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.9	30	65	7.7	+5.3
IWS	iShares Russell Mid-Cap Value ETF	0.9	23	72	6.6	+4.1
SPLV	Invesco S&P 500 Low Volatility ETF	0.9	25	70	5.0	+2.6
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	0.9	25	70	4.8	+2.4
IMCG	iShares Morningstar Mid-Cap Growth ETF	0.9	6	89	3.8	+1.4
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	0.9	10	85	4.5	+2.0
FESM	Fidelity Enhanced Small Cap ETF	0.9	28	67	2.6	+0.2
AVDE	Avantis International Equity ETF	0.9	23	72	6.6	+4.2
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	0.9	35	60	6.4	+4.0
AVIV	Avantis International Large Cap Value ETF	0.8	25	70	7.4	+4.9
SIXL	ETC 6 Meridian Low Beta Equity ETF	0.8	80	15	6.0	+3.5
TPHD	Timothy Plan High Dividend Stock ETF	0.8	52	43	6.0	+3.6
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.8	61	34	6.3	+3.8
CCNR	ALPS CoreCommodity Natural Resources ETF	0.8	39	56	8.1	+5.7
VTWG	Vanguard Russell 2000 Growth ETF	0.8	10	85	0.7	-1.7
FLDZ	RiverNorth Patriot ETF	0.8	75	20	5.8	+3.4
FSMD	Fidelity Small-Mid Multifactor ETF	0.8	15	80	7.1	+4.7
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd ETF	0.7	35	60	7.1	+4.6
AVSD	Avantis Responsible International Equity ETF	0.7	23	72	6.5	+4.0
AFMC	First Trust Active Factor Mid Cap ETF	0.7	65	30	7.6	+5.2
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	0.7	17	78	5.4	+3.0
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	0.7	38	57	7.0	+4.6
DFAS	Dimensional U.S. Small Cap ETF	0.7	26	69	6.0	+3.6
IWM	iShares Russell 2000 ETF	0.7	19	76	3.0	+0.5
VB	Vanguard Small-Cap ETF	0.7	5	90	5.6	+3.2
DXIV	Dimensional International Vector Equity ETF	0.7	34	61	7.0	+4.6
BKMC	BNY Mellon US Mid Cap Core Equity ETF	0.7	4	91	5.9	+3.5
SCHM	Schwab U.S. Mid-Cap ETF	0.7	4	91	6.4	+4.0
DHS	WisdomTree U.S. High Dividend Fund	0.7	38	57	8.3	+5.9
ISCB	iShares Morningstar Small-Cap ETF	0.6	4	91	5.8	+3.4
HWSM	Hotchkis & Wiley SMID Cap Diversified Value ETF	0.6	55	40	9.6	+7.1
COPY	Tweedy, Browne Insider + Value ETF	0.6	80	15	16.1	+13.7
DON	WisdomTree U.S. MidCap Dividend Fund	0.6	38	57	8.5	+6.0
DEW	WisdomTree Global High Dividend Fund	0.6	58	37	7.6	+5.1
XJH	iShares ESG Screened S&P Mid-Cap ETF	0.6	12	83	6.4	+4.0
VTWO	Vanguard Russell 2000 ETF	0.6	7	88	3.1	+0.7
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.6	30	65	6.9	+4.5
PSC	Principal U.S. Small-Cap ETF	0.6	38	57	4.1	+1.7
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	0.6	20	75	7.6	+5.2
SDY	State Street SPDR S&P Dividend ETF	0.5	35	60	6.2	+3.8
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	0.5	15	80	6.6	+4.1
EZM	WisdomTree U.S. MidCap Fund	0.5	38	57	8.6	+6.1
VXF	Vanguard Extended Market ETF	0.5	5	90	4.2	+1.7
MDY	SPDR S&P Midcap 400 ETF Trust	0.5	23	72	6.3	+3.9
XMMO	Invesco S&P MidCap Momentum ETF	0.5	34	61	3.7	+1.3
NUSC	Nuveen ESG Small-Cap ETF	0.5	31	64	5.3	+2.9
IJH	iShares Core S&P Mid-Cap ETF	0.5	5	90	6.5	+4.1
SPMD	State Street SPDR Portfolio S&P 400 Mid Cap ETF	0.5	3	92	6.6	+4.1
BKSE	BNY Mellon US Small Cap Core Equity ETF	0.5	4	91	5.7	+3.3
SMMD	iShares Russell 2500 ETF	0.5	15	80	6.1	+3.7
VIS	Vanguard Industrials ETF	0.5	9	86	3.8	+1.4
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	0.5	20	75	4.5	+2.1
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	0.5	20	75	5.8	+3.4
DRNZ	REX Drone ETF	0.5	65	30	-1.6	-4.1
IVOO	Vanguard S&P Mid-Cap 400 ETF	0.5	7	88	6.5	+4.1
MADE	iShares U.S. Manufacturing ETF	0.4	40	55	3.8	+1.3
SMOX	Horizon Small/Mid Cap Core Equity ETF	0.4	75	20	5.8	+3.3
TPSC	Timothy Plan US Small Cap Core ETF	0.4	52	43	7.0	+4.6
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	0.4	24	71	6.5	+4.1
RCGE	RockCreek Global Equality ETF	0.4	95	0	6.5	+4.1
FIDU	Fidelity MSCI Industrial Index ETF	0.4	8	87	3.8	+1.4
SPDG	State Street SPDR Portfolio S&P Sector Neutral Dividend ETF	0.4	5	90	7.9	+5.5
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	0.4	24	71	7.5	+5.1
VBR	Vanguard Small Cap Value ETF	0.4	7	88	8.3	+5.9
JHSC	John Hancock Multifactor Small Cap ETF	0.4	42	53	6.4	+4.0
WSML	iShares MSCI World Small-Cap ETF	0.4	15	80	5.8	+3.4
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	0.3	80	15	7.0	+4.6
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.3	39	56	2.6	+0.1
DFSV	Dimensional US Small Cap Value ETF	0.3	31	64	9.4	+7.0
IWN	iShares Russell 2000 Value ETF	0.3	24	71	5.3	+2.8
VTWV	Vanguard Russell 2000 Value ETF	0.3	10	85	5.4	+3.0
XLI	Industrial Select Sector SPDR	0.3	8	87	3.8	+1.4
SMLF	iShares U.S. SmallCap Equity Factor ETF	0.3	15	80	5.4	+3.0
MCDS	JPMorgan Fundamental Data Science Mid Core ETF	0.3	35	60	5.3	+2.8
BLES	Inspire Global Hope ETF	0.3	61	34	6.2	+3.8
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	0.3	47	48	5.1	+2.7
RWK	Invesco S&P MidCap 400 Revenue ETF	0.2	39	56	8.5	+6.1
IYJ	iShares U.S. Industrials ETF	0.2	40	55	4.2	+1.8
ISCV	iShares Morningstar Small Cap Value ETF	0.2	6	89	8.3	+5.9
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	0.2	15	80	6.5	+4.1
FNK	First Trust Mid Cap Value AlphaDEX Fund	0.2	70	25	10.0	+7.6
EXI	iShares Global Industrials ETF	0.2	42	53	3.8	+1.4
SMDX	Intech S&P Small-Mid Cap Divers Alp ETF	0.2	35	60	6.9	+4.4
FNDA	Schwab Fundamental US Small Co. Index ETF	0.1	25	70	6.7	+4.2
DFIS	Dimensional International Small Cap ETF	0.1	39	56	6.6	+4.2
AFSM	First Trust Active Factor Small Cap ETF	0.1	75	20	6.5	+4.1
FNCL	Fidelity MSCI Financials Index ETF	0.1	8	87	6.5	+4.0
DFAT	Dimensional U.S. Targeted Value ETF	0.1	28	67	9.2	+6.7
AVDS	Avantis International Small Cap Equity ETF	0.1	30	65	6.5	+4.1
SCDS	JPMorgan Fundamental Data Science Small Core ETF	0.0	40	55	4.3	+1.9
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	0.0	65	30	0.0	-2.4

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Clockwise Core Equity & Innovation ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	15.5	%
Divided by: Fwd. P/BV	4.6	x
Less: Expense ratio	95	bp
Equals: ALTAR Score	2.4	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.53	CATEGORY AVERAGE	1.57

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.