AFLG vs. QUAL ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to iShares MSCI USA Quality Factor ETF (QUAL)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	QUAL
30 Days	4.50%	1.61%
60 Days	5.60%	2.39%
90 Days	7.89%	3.34%
12 Months	37.65%	30.86%

71 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in QUAL	Overlap
AAPL	C	7.06%	5.44%	5.44%
ACGL	D	0.17%	0.26%	0.17%
ACN	C	0.22%	1.67%	0.22%
ADBE	C	0.31%	1.76%	0.31%
AFL	B	0.75%	0.42%	0.42%
AMAT	F	0.34%	1.17%	0.34%
AMP	A	0.16%	0.33%	0.16%
ANET	C	0.13%	0.73%	0.13%
AOS	F	0.38%	0.06%	0.06%
APH	A	0.58%	0.5%	0.5%
AVB	B	0.05%	0.24%	0.05%
BBY	D	0.47%	0.29%	0.29%
BLK	C	0.09%	0.99%	0.09%
CAT	B	0.56%	1.4%	0.56%
CBOE	B	0.38%	0.14%	0.14%
CDNS	B	0.05%	0.58%	0.05%
CME	A	0.23%	0.52%	0.23%
CMG	B	0.32%	1.26%	0.32%
COST	B	0.9%	2.55%	0.9%
CSCO	B	0.44%	1.74%	0.44%
CTAS	B	0.7%	0.6%	0.6%
DECK	A	0.28%	0.49%	0.28%
DHI	D	0.32%	0.7%	0.32%
EA	A	0.32%	0.2%	0.2%
ED	D	0.25%	0.5%	0.25%
EME	C	0.68%	0.17%	0.17%
EQR	B	0.1%	0.18%	0.1%
ERIE	D	0.24%	0.09%	0.09%
GOOGL	C	2.04%	1.77%	1.77%
GRMN	B	0.41%	0.48%	0.41%
GWW	B	0.2%	0.59%	0.2%
IPG	D	0.07%	0.05%	0.05%
JNJ	D	0.7%	2.15%	0.7%
KEYS	A	0.22%	0.15%	0.15%
KLAC	D	0.1%	0.77%	0.1%
KO	D	0.33%	1.43%	0.33%
LLY	F	0.42%	3.42%	0.42%
LMT	D	0.34%	1.08%	0.34%
MA	C	0.21%	4.22%	0.21%
MANH	D	0.25%	0.2%	0.2%
MCO	B	0.05%	0.53%	0.05%
META	D	1.8%	4.09%	1.8%
MMM	D	0.55%	0.5%	0.5%
MOH	F	0.08%	0.09%	0.08%
MSFT	F	4.6%	4.5%	4.5%
NFLX	A	0.91%	1.76%	0.91%
NTAP	C	0.63%	0.21%	0.21%
NVDA	C	5.45%	6.93%	5.45%
NVR	D	0.47%	0.52%	0.47%
PEG	A	0.57%	0.69%	0.57%
PHM	D	0.52%	0.43%	0.43%
PKG	A	0.36%	0.1%	0.1%
PPG	F	0.19%	0.15%	0.15%
PSA	D	0.05%	0.55%	0.05%
QCOM	F	0.88%	1.15%	0.88%
RMD	C	0.1%	0.17%	0.1%
ROL	B	0.06%	0.12%	0.06%
RS	B	0.66%	0.09%	0.09%
SHW	A	0.19%	0.57%	0.19%
SNPS	B	0.06%	0.51%	0.06%
SOLV	C	0.25%	0.05%	0.05%
TJX	A	0.38%	2.03%	0.38%
TPL	A	0.08%	0.58%	0.08%
TROW	B	0.2%	0.19%	0.19%
ULTA	F	0.14%	0.31%	0.14%
UNH	C	0.27%	2.81%	0.27%
UTHR	C	0.04%	0.08%	0.04%
V	A	0.3%	4.5%	0.3%
WBA	F	0.03%	0.03%	0.03%
WSM	B	0.41%	0.29%	0.29%
WSO	A	0.06%	0.12%	0.06%

AFLG Overweight 177 Positions Relative to QUAL

Symbol	Grade	Weight
AMZN	C	1.78%
BRK.A	B	1.57%
APP	B	1.29%
AVGO	D	1.27%
VST	B	1.26%
HIG	B	1.11%
MO	A	0.99%
UHS	D	0.89%
PG	A	0.84%
ABBV	D	0.82%
NRG	B	0.81%
FICO	B	0.8%
RL	B	0.79%
XOM	B	0.74%
BK	A	0.73%
PGR	A	0.73%
BSX	B	0.68%
ELV	F	0.67%
SNA	A	0.63%
CEG	D	0.62%
MRK	F	0.62%
WMT	A	0.61%
FFIV	B	0.6%
CRM	B	0.59%
BMY	B	0.58%
CL	D	0.58%
SPG	B	0.58%
COR	B	0.57%
GILD	C	0.57%
GDDY	A	0.55%
ETN	A	0.55%
CMCSA	B	0.55%
FOXA	B	0.55%
MCK	B	0.53%
FE	C	0.52%
ECL	D	0.52%
CMI	A	0.51%
MAS	D	0.5%
VZ	C	0.49%
HPQ	B	0.49%
TT	A	0.49%
STLD	B	0.47%
MAA	B	0.47%
TPR	B	0.47%
KR	B	0.47%
HWM	A	0.46%
CVX	A	0.45%
CTSH	B	0.45%
VICI	C	0.44%
IBM	C	0.44%
GLPI	C	0.42%
CF	B	0.42%
CNA	B	0.42%
AXP	A	0.41%
ICE	C	0.4%
PCAR	B	0.39%
MSI	B	0.39%
CSL	C	0.39%
HSIC	B	0.39%
IBKR	A	0.39%
WAB	B	0.38%
NUE	C	0.37%
HST	C	0.37%
HLT	A	0.36%
TRGP	B	0.36%
FIS	C	0.36%
RHI	B	0.36%
OC	A	0.36%
TMUS	B	0.35%
PM	B	0.35%
IP	B	0.34%
BLDR	D	0.33%
WELL	A	0.32%
LEN	D	0.32%
VLO	C	0.31%
LOW	D	0.31%
BRO	B	0.3%
EVRG	A	0.29%
RF	A	0.29%
WU	D	0.29%
SYF	B	0.29%
DVN	F	0.29%
AIG	B	0.28%
VSCO	B	0.28%
BKNG	A	0.28%
CFG	B	0.27%
OGN	D	0.27%
MTCH	D	0.25%
LII	A	0.25%
FDX	B	0.24%
EIX	B	0.23%
ZM	B	0.23%
PH	A	0.23%
INCY	C	0.22%
VRSN	F	0.21%
VTR	C	0.21%
ALNY	D	0.21%
WPC	D	0.21%
EXPE	B	0.21%
NWSA	B	0.2%
SWKS	F	0.2%
CNC	D	0.19%
CVS	D	0.18%
JBL	B	0.18%
L	A	0.18%
T	A	0.18%
HUM	C	0.17%
BAH	F	0.17%
BEN	C	0.17%
AZO	C	0.17%
TOL	B	0.16%
GL	B	0.16%
AIZ	A	0.16%
LKQ	D	0.16%
VRT	B	0.16%
CI	F	0.15%
EG	C	0.15%
CPT	B	0.15%
GE	D	0.15%
SYK	C	0.15%
DELL	C	0.14%
MPC	D	0.13%
BBWI	D	0.13%
LDOS	C	0.13%
SO	D	0.13%
IT	C	0.12%
FI	A	0.12%
CAH	B	0.11%
SCCO	F	0.11%
RPM	A	0.11%
GEN	B	0.1%
VTRS	A	0.1%
EBAY	D	0.1%
KHC	F	0.1%
ETSY	D	0.09%
PSX	C	0.09%
PRU	A	0.09%
SSNC	B	0.09%
CRBG	B	0.09%
LH	C	0.09%
ALL	A	0.08%
J	F	0.08%
DXC	B	0.08%
SPGI	C	0.08%
BG	F	0.07%
LYB	F	0.07%
CVNA	B	0.07%
TXT	D	0.07%
DINO	D	0.06%
DASH	A	0.06%
ADM	D	0.06%
ZION	B	0.06%
ORLY	B	0.06%
UDR	B	0.05%
PPL	B	0.05%
NXPI	D	0.05%
DPZ	C	0.05%
ESS	B	0.05%
WTW	B	0.05%
QRVO	F	0.05%
EPAM	C	0.05%
STT	A	0.05%
KMB	D	0.05%
PINS	D	0.04%
AMCR	D	0.04%
PFG	D	0.04%
HOLX	D	0.04%
ROST	C	0.04%
IVZ	B	0.04%
MET	A	0.04%
DKS	C	0.04%
MOS	F	0.03%
CDW	F	0.03%
BWA	D	0.03%
ALLE	D	0.01%
EQH	B	0.0%
TDG	D	0.0%

AFLG Underweight 52 Positions Relative to QUAL

Symbol	Grade	Weight
ADP	B	-1.75%
COP	C	-1.73%
GOOG	C	-1.55%
NKE	D	-1.41%
TXN	C	-1.34%
LIN	D	-1.14%
PEP	F	-1.1%
SRE	A	-0.93%
SLB	C	-0.89%
MMC	B	-0.74%
ITW	B	-0.73%
LRCX	F	-0.73%
PLD	D	-0.71%
LULU	C	-0.66%
VRTX	F	-0.62%
ZTS	D	-0.51%
PAYX	C	-0.49%
TSCO	D	-0.43%
FAST	B	-0.42%
ATO	A	-0.4%
APD	A	-0.35%
CBRE	B	-0.35%
ODFL	B	-0.34%
IDXX	F	-0.3%
FERG	B	-0.28%
CSGP	D	-0.26%
EW	C	-0.24%
ROK	B	-0.22%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	D	-0.21%
MNST	C	-0.21%
A	D	-0.2%
APA	D	-0.19%
MPWR	F	-0.18%
LPLA	A	-0.17%
VEEV	C	-0.16%
HSY	F	-0.15%
WAT	B	-0.13%
WST	C	-0.12%
FDS	B	-0.12%
EXPD	D	-0.12%
GGG	B	-0.11%
OMC	C	-0.1%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AFG	A	-0.06%