ACIO vs. LSAF ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

177,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$44.31

Average Daily Volume

11,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	LSAF
30 Days	1.67%	5.32%
60 Days	2.81%	6.52%
90 Days	3.89%	9.24%
12 Months	26.46%	34.17%

11 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in LSAF	Overlap
AAPL	C	6.96%	0.93%	0.93%
BR	A	0.41%	1.0%	0.41%
CAT	B	1.71%	0.94%	0.94%
FI	A	1.1%	1.15%	1.1%
HCA	F	0.45%	0.78%	0.45%
LMT	D	1.6%	0.88%	0.88%
LOW	D	1.2%	0.93%	0.93%
MAR	B	1.11%	1.08%	1.08%
MO	A	0.61%	1.04%	0.61%
PHM	D	0.8%	0.84%	0.8%
TMUS	B	1.22%	1.08%	1.08%

ACIO Overweight 65 Positions Relative to LSAF

Symbol	Grade	Weight
NVDA	C	7.18%
MSFT	F	6.16%
AMZN	C	3.8%
GOOG	C	3.78%
META	D	2.47%
NOW	A	2.05%
JPM	A	1.98%
AVGO	D	1.93%
TSLA	B	1.91%
XOM	B	1.85%
SYK	C	1.81%
V	A	1.8%
BRK.A	B	1.73%
PGR	A	1.66%
AMAT	F	1.32%
NFLX	A	1.31%
LIN	D	1.3%
UNH	C	1.26%
BLK	C	1.22%
LLY	F	1.2%
WMT	A	1.2%
MS	A	1.14%
ACN	C	1.13%
KO	D	1.12%
PG	A	1.11%
ISRG	A	1.04%
TMO	F	1.03%
JNJ	D	1.02%
SO	D	1.02%
COST	B	1.02%
BAC	A	1.02%
INTU	C	1.01%
CSX	B	1.0%
MCD	D	0.98%
CTAS	B	0.96%
HON	B	0.92%
MSI	B	0.9%
MMC	B	0.89%
TJX	A	0.87%
ADI	D	0.84%
AMT	D	0.82%
ABT	B	0.79%
FANG	D	0.74%
BMY	B	0.71%
ICE	C	0.7%
DLR	B	0.7%
NEE	D	0.69%
MKC	D	0.68%
ABBV	D	0.64%
DUK	C	0.64%
C	A	0.61%
ETN	A	0.61%
TYL	B	0.6%
DE	A	0.58%
EOG	A	0.49%
PSA	D	0.47%
ADBE	C	0.46%
AMD	F	0.45%
VRTX	F	0.45%
SHW	A	0.42%
CMCSA	B	0.39%
FCX	D	0.36%
AMGN	D	0.35%
ADP	B	0.31%
SLB	C	0.25%

ACIO Underweight 88 Positions Relative to LSAF

Symbol	Grade	Weight
TRGP	B	-1.34%
VST	B	-1.32%
EXEL	B	-1.27%
SYF	B	-1.24%
UNM	A	-1.21%
OWL	A	-1.19%
AAON	B	-1.18%
BKNG	A	-1.17%
EXPE	B	-1.17%
GM	B	-1.17%
PLNT	A	-1.16%
DUOL	A	-1.15%
FTNT	C	-1.15%
AMP	A	-1.15%
NTNX	A	-1.14%
GS	A	-1.14%
FICO	B	-1.14%
CPAY	A	-1.13%
STLD	B	-1.09%
LOPE	B	-1.08%
CMI	A	-1.08%
PRI	A	-1.06%
WSO	A	-1.05%
EQH	B	-1.05%
GWRE	A	-1.04%
RS	B	-1.04%
FOXA	B	-1.04%
WRB	A	-1.04%
AXP	A	-1.03%
HLT	A	-1.03%
JBL	B	-1.03%
MUSA	A	-1.02%
ORI	A	-1.02%
GEN	B	-1.02%
RL	B	-1.01%
EXP	A	-1.01%
AMG	B	-1.0%
LPX	B	-1.0%
EEFT	B	-1.0%
ORLY	B	-0.99%
LNW	D	-0.99%
REG	B	-0.98%
MET	A	-0.98%
AIG	B	-0.98%
HIG	B	-0.97%
H	B	-0.97%
FIS	C	-0.97%
IT	C	-0.97%
UTHR	C	-0.97%
WWD	B	-0.96%
GOOGL	C	-0.96%
PSX	C	-0.95%
AFL	B	-0.95%
DVA	B	-0.95%
SPGI	C	-0.94%
COLM	B	-0.93%
POST	C	-0.93%
MPC	D	-0.93%
PVH	C	-0.93%
TOL	B	-0.93%
CSL	C	-0.93%
AZO	C	-0.92%
SNX	C	-0.92%
GPK	C	-0.92%
MTG	C	-0.92%
PSN	D	-0.91%
SPB	C	-0.9%
COKE	C	-0.9%
TXT	D	-0.9%
CI	F	-0.9%
EBAY	D	-0.89%
AN	C	-0.89%
MAS	D	-0.88%
DD	D	-0.88%
NSA	D	-0.87%
KBR	F	-0.87%
NVR	D	-0.86%
LEN	D	-0.85%
SAIC	F	-0.85%
THC	D	-0.85%
BLDR	D	-0.85%
BLD	D	-0.84%
HRB	D	-0.84%
MHK	D	-0.81%
FBIN	D	-0.8%
WMS	D	-0.77%
MTD	D	-0.76%
CROX	D	-0.67%