ADPV vs. LSAT ETF Comparison

Comparison of Adaptiv Select ETF (ADPV) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.36

Average Daily Volume

5,834

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies 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

$40.57

Average Daily Volume

10,343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ADPV	LSAT
30 Days	2.23%	-2.54%
60 Days	0.94%	-1.03%
90 Days	11.29%	4.51%
12 Months	44.84%	27.38%

3 Overlapping Holdings

Symbol	Grade	Weight in ADPV	Weight in LSAT	Overlap
MTG	D	3.78%	3.31%	3.31%
PPC	A	5.59%	3.61%	3.61%
VST	B	3.26%	3.53%	3.26%

ADPV Overweight 22 Positions Relative to LSAT

Symbol	Grade	Weight
PLTR	B	6.33%
HOOD	B	5.48%
AMCR	D	5.38%
HBAN	B	5.11%
T	A	5.09%
NU	C	4.57%
VIRT	A	4.48%
KEY	B	4.46%
APP	B	4.0%
VKTX	A	3.9%
KMI	B	3.88%
CRBG	B	3.68%
HIW	C	3.54%
OWL	B	3.51%
RF	B	3.5%
CPNG	B	3.49%
RKT	D	3.43%
MDU	F	3.37%
AM	C	2.94%
GTES	A	2.19%
SLM	C	2.12%
AGNC	D	2.03%

ADPV Underweight 27 Positions Relative to LSAT

Symbol	Grade	Weight
BMY	A	-3.66%
TDC	B	-3.59%
NXST	A	-3.58%
CMCSA	A	-3.54%
MAR	A	-3.53%
JEF	B	-3.51%
TNL	A	-3.5%
LH	A	-3.46%
HLT	A	-3.44%
FOX	A	-3.39%
SRE	C	-3.38%
JNJ	D	-3.35%
ADTN	B	-3.35%
DE	B	-3.28%
VLO	F	-3.25%
SPB	C	-3.21%
POST	D	-3.2%
DKS	F	-3.19%
HRB	D	-3.16%
DD	D	-3.16%
EXPD	D	-3.07%
MPC	F	-3.03%
ARW	D	-3.01%
EBAY	D	-2.98%
NSA	D	-2.95%
DINO	F	-2.93%
CNC	D	-2.81%