ACTV vs. MRGR ETF Comparison

Comparison of LeaderShares Activist Leaders ETF (ACTV) to ProShares Merger ETF (MRGR)

ACTV

LeaderShares Activist Leaders ETF

ACTV Description

The investment seeks to generate long-term capital growth. The fund will be invested in equity securities of companies listed on a U.S. exchange with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$32.88

Average Daily Volume

8,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$39.82

Average Daily Volume

1,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACTV	MRGR
30 Days	-3.54%	-1.17%
60 Days	-1.64%	-0.61%
90 Days	0.35%	-0.70%
12 Months	15.70%	5.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in ACTV	Weight in MRGR	Overlap
	X	F	0.73%	2.14%	0.73%

ACTV Overweight 42 Positions Relative to MRGR

Symbol	Grade	Weight
GDDY	A	3.98%
NSIT	C	3.82%
SWX	A	3.82%
INVA	B	3.72%
BLMN	C	3.69%
MRCY	D	3.67%
DAN	C	3.67%
JHG	C	3.65%
FTRE	C	3.61%
THS	D	3.59%
IVZ	F	3.59%
JBLU	D	3.58%
ALIT	C	3.57%
FRPT	D	3.55%
CNDT	F	3.47%
NWL	D	3.43%
BBWI	C	3.41%
IRWD	D	3.37%
SPOT	B	0.85%
VRT	A	0.77%
CMG	A	0.76%
NBIX	B	0.75%
IFF	A	0.75%
PRMW	A	0.75%
NYT	C	0.74%
KNF	B	0.74%
TDS	C	0.72%
FYBR	D	0.72%
PAYC	D	0.72%
KKR	C	0.72%
GTX	B	0.71%
NWS	C	0.71%
TRMB	C	0.71%
J	D	0.71%
DBRG	F	0.7%
BANC	C	0.69%
ROG	F	0.68%
IAC	D	0.68%
WCC	B	0.68%
AAP	B	0.67%
BCRX	F	0.67%
CBRE	C	0.67%

ACTV Underweight 25 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	A	-3.29%
EVBG	A	-3.2%
ETRN	A	-2.87%
PXD	A	-2.83%
EDR	A	-2.65%
FUSN	A	-2.64%
SWAV	A	-2.64%
MODN	B	-2.63%
AIRC	A	-2.63%
MDC	A	-2.61%
ANSS	C	-2.61%
CERE	C	-2.59%
DOOR	A	-2.59%
AEL	A	-2.56%
DFS	A	-2.54%
JNPR	D	-2.54%
AXNX	C	-2.54%
NS	C	-2.52%
INBX	D	-2.49%
CHX	B	-2.49%
CTLT	D	-2.43%
HA	D	-2.38%
HES	A	-2.38%
MGRC	D	-2.37%
CPRI	F	-1.83%