FDLS vs. FXL ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to First Trust Technology AlphaDEX (FXL)

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

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$154.02

Average Daily Volume

17,257

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	FXL
30 Days	8.72%	10.22%
60 Days	8.68%	12.16%
90 Days	8.22%	12.82%
12 Months	26.97%	31.26%

7 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in FXL	Overlap
APPF	B	0.97%	0.29%	0.29%
CRUS	D	0.77%	0.97%	0.77%
DOCU	A	1.31%	1.53%	1.31%
GEN	B	1.07%	0.32%	0.32%
NTNX	A	1.16%	1.12%	1.12%
QCOM	F	0.9%	0.9%	0.9%
SAIC	F	0.89%	0.84%	0.84%

FDLS Overweight 91 Positions Relative to FXL

Symbol	Grade	Weight
HNST	B	1.64%
POWL	C	1.51%
SMWB	B	1.32%
DAL	C	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%
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%
OSPN	A	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%
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%
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%
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 95 Positions Relative to FXL

Symbol	Grade	Weight
APP	B	-3.39%
PLTR	B	-2.47%
TOST	B	-2.22%
VRT	B	-1.89%
DASH	A	-1.89%
PEGA	A	-1.88%
GWRE	A	-1.66%
GFS	C	-1.65%
CTSH	B	-1.63%
HPE	B	-1.62%
DXC	B	-1.62%
PAYC	B	-1.6%
META	D	-1.57%
SMAR	A	-1.57%
IPGP	D	-1.57%
AVT	C	-1.52%
ON	D	-1.44%
FTNT	C	-1.44%
NVDA	C	-1.43%
GDDY	A	-1.4%
ZM	B	-1.4%
TWLO	A	-1.39%
NOW	A	-1.38%
ARW	D	-1.35%
AMKR	D	-1.32%
SWKS	F	-1.32%
ORCL	B	-1.3%
JBL	B	-1.28%
DNB	B	-1.27%
INTC	D	-1.26%
TYL	B	-1.25%
HPQ	B	-1.21%
CNXC	F	-1.21%
DT	C	-1.19%
MANH	D	-1.18%
AVGO	D	-1.17%
DOX	D	-1.16%
EPAM	C	-1.15%
MSTR	C	-1.15%
SNX	C	-1.14%
PANW	C	-1.08%
RNG	B	-1.08%
S	B	-1.07%
DELL	C	-1.06%
AKAM	D	-1.04%
FFIV	B	-1.03%
DBX	B	-1.01%
IT	C	-0.99%
SSNC	B	-0.93%
HCP	B	-0.93%
CACI	D	-0.91%
AAPL	C	-0.91%
NTAP	C	-0.89%
DLB	B	-0.89%
AMAT	F	-0.86%
MTCH	D	-0.77%
MPWR	F	-0.74%
DAY	B	-0.74%
CRM	B	-0.72%
DV	C	-0.71%
GLOB	B	-0.68%
ADSK	A	-0.66%
APH	A	-0.66%
GOOGL	C	-0.63%
ROP	B	-0.6%
TXN	C	-0.59%
LSCC	D	-0.57%
VRSN	F	-0.57%
IBM	C	-0.56%
KBR	F	-0.55%
IAC	D	-0.52%
U	C	-0.49%
MCHP	D	-0.48%
OLED	D	-0.47%
ONTO	D	-0.47%
TER	D	-0.47%
PYCR	C	-0.36%
CRWD	B	-0.36%
KD	B	-0.36%
GTLB	B	-0.35%
NET	B	-0.34%
DDOG	A	-0.34%
WDAY	B	-0.33%
ANSS	B	-0.32%
GLW	B	-0.31%
INFA	D	-0.3%
PSTG	D	-0.29%
MSFT	F	-0.29%
MU	D	-0.28%
ADI	D	-0.27%
SMCI	F	-0.26%
KLAC	D	-0.25%
AMD	F	-0.25%
ALGM	D	-0.25%
CDW	F	-0.24%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction