FDLS vs. CIBR ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to First Trust NASDAQ CEA Cybersecurity ETF (CIBR)

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.92

Average Daily Volume

11,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CIBR

First Trust NASDAQ CEA Cybersecurity ETF

CIBR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq CEA Cybersecurity Index(SM) (the "index"). The index is owned by the NASDAQ OMX Group, Inc. The index will include securities of companies classified as "cybersecurity" companies by the CEA. The fund will normally invest at least 90% of its net assets in common stocks or in depositary receipts that comprise the index. The advisor intends to invest in each security in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$63.61

Average Daily Volume

483,957

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	CIBR
30 Days	8.72%	4.98%
60 Days	8.68%	6.84%
90 Days	8.22%	7.43%
12 Months	26.97%	31.77%

3 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in CIBR	Overlap
GEN	B	1.07%	4.01%	1.07%
OSPN	A	1.02%	0.25%	0.25%
SAIC	F	0.89%	1.54%	0.89%

FDLS Overweight 95 Positions Relative to CIBR

Symbol	Grade	Weight
HNST	B	1.64%
POWL	C	1.51%
SMWB	B	1.32%
DAL	C	1.31%
DOCU	A	1.31%
SFM	A	1.3%
IBKR	A	1.28%
TILE	B	1.27%
TDS	B	1.24%
CEIX	A	1.22%
NECB	B	1.21%
OPRA	A	1.19%
TCBX	A	1.19%
TRGP	B	1.19%
HQY	B	1.17%
GRMN	B	1.16%
NTNX	A	1.16%
PPC	C	1.13%
BKR	B	1.12%
HWM	A	1.12%
QCRH	A	1.12%
FIX	A	1.11%
STLD	B	1.11%
DECK	A	1.11%
EME	C	1.09%
VIRT	B	1.07%
TCMD	A	1.07%
BBW	B	1.07%
ACIW	B	1.07%
EHC	B	1.06%
FCNCA	A	1.06%
GFF	A	1.06%
ITRI	B	1.06%
HSTM	B	1.06%
CVLT	B	1.06%
CTAS	B	1.04%
BFH	B	1.03%
TSM	B	1.02%
VNET	B	1.02%
LGTY	D	1.01%
RGA	A	1.01%
MPLX	A	1.0%
TSN	B	1.0%
CAT	B	1.0%
WLDN	D	0.99%
WRB	A	0.99%
QNST	B	0.99%
ADMA	B	0.99%
WWD	B	0.99%
CHWY	B	0.99%
PNW	B	0.98%
VIRC	B	0.98%
CPRX	C	0.98%
PGR	A	0.98%
BMI	B	0.97%
APPF	B	0.97%
LII	A	0.96%
CSTL	D	0.96%
MGIC	F	0.96%
FANG	D	0.96%
RNR	C	0.95%
CBT	C	0.95%
THC	D	0.94%
MNDY	C	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
DVA	B	0.91%
FRBA	C	0.9%
BELFB	C	0.9%
RMD	C	0.9%
UGI	A	0.9%
QCOM	F	0.9%
ESEA	D	0.87%
BCRX	D	0.87%
PTGX	C	0.86%
MELI	D	0.85%
PHM	D	0.85%
EGY	D	0.84%
BG	F	0.84%
VITL	D	0.83%
HY	D	0.82%
UHS	D	0.81%
NOMD	D	0.81%
MG	D	0.8%
EVER	F	0.8%
DHI	D	0.8%
PLUS	F	0.77%
CRUS	D	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	F	0.64%
OSCR	D	0.63%
ATNI	F	0.62%
ANGI	D	0.59%

FDLS Underweight 25 Positions Relative to CIBR

Symbol	Grade	Weight
CRWD	B	-9.36%
CSCO	B	-8.64%
PANW	C	-8.19%
AVGO	D	-7.89%
INFY	B	-7.06%
FTNT	C	-4.64%
NET	B	-4.22%
LDOS	C	-3.99%
ZS	C	-3.93%
BAH	F	-3.67%
CHKP	D	-3.48%
CYBR	B	-3.46%
AKAM	D	-3.27%
FFIV	B	-3.21%
OKTA	C	-2.85%
S	B	-2.16%
OTEX	D	-1.97%
VRNS	D	-1.46%
QLYS	C	-1.31%
TENB	C	-1.12%
RBRK	A	-0.63%
RPD	C	-0.59%
NTCT	C	-0.37%
ATEN	B	-0.28%
RDWR	B	-0.25%