FDLS vs. LSAF ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

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

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$43.63

Average Daily Volume

11,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	LSAF
30 Days	8.72%	5.32%
60 Days	8.68%	6.52%
90 Days	8.22%	9.24%
12 Months	26.97%	34.17%

11 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in LSAF	Overlap
CAT	B	1.0%	0.94%	0.94%
DVA	B	0.91%	0.91%	0.91%
GEN	B	1.07%	1.04%	1.04%
NTNX	A	1.16%	1.15%	1.15%
PHM	D	0.85%	0.84%	0.84%
SAIC	F	0.89%	1.03%	0.89%
STLD	B	1.11%	1.08%	1.08%
THC	D	0.94%	0.94%	0.94%
TRGP	B	1.19%	1.25%	1.19%
WRB	A	0.99%	1.01%	0.99%
WWD	B	0.99%	0.97%	0.97%

FDLS Overweight 87 Positions Relative to LSAF

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%
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%
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%
WLDN	D	0.99%
QNST	B	0.99%
ADMA	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%
MNDY	C	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
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%
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 88 Positions Relative to LSAF

Symbol	Grade	Weight
EXEL	B	-1.3%
SYF	B	-1.23%
FTNT	C	-1.2%
GM	B	-1.2%
AAON	B	-1.19%
EXPE	B	-1.16%
UNM	A	-1.14%
FICO	B	-1.14%
AMP	A	-1.13%
GS	A	-1.13%
BKNG	A	-1.12%
FI	A	-1.12%
LOPE	B	-1.12%
VST	B	-1.12%
CPAY	A	-1.12%
OWL	A	-1.11%
PLNT	A	-1.1%
TMUS	B	-1.09%
EQH	B	-1.09%
MAR	B	-1.08%
PRI	A	-1.07%
LNW	D	-1.07%
UTHR	C	-1.06%
JBL	B	-1.05%
DUOL	A	-1.05%
GOOGL	C	-1.04%
FOXA	B	-1.04%
RS	B	-1.04%
IT	C	-1.03%
PSN	D	-1.03%
CMI	A	-1.03%
KBR	F	-1.03%
WSO	A	-1.02%
HLT	A	-1.02%
ORLY	B	-1.01%
MUSA	A	-1.01%
GWRE	A	-1.01%
EXP	A	-1.01%
RL	B	-1.01%
ORI	A	-1.0%
AXP	A	-1.0%
MO	A	-1.0%
FIS	C	-0.99%
BR	A	-0.99%
AMG	B	-0.98%
LPX	B	-0.98%
EEFT	B	-0.98%
H	B	-0.97%
PVH	C	-0.96%
REG	B	-0.96%
AIG	B	-0.96%
COLM	B	-0.95%
HIG	B	-0.95%
CSL	C	-0.95%
LOW	D	-0.94%
MET	A	-0.94%
SPB	C	-0.94%
AZO	C	-0.94%
GPK	C	-0.93%
TXT	D	-0.93%
SNX	C	-0.93%
AFL	B	-0.93%
PSX	C	-0.92%
LMT	D	-0.92%
MTG	C	-0.92%
SPGI	C	-0.92%
TOL	B	-0.92%
CI	F	-0.92%
AAPL	C	-0.91%
MPC	D	-0.9%
EBAY	D	-0.89%
COKE	C	-0.89%
POST	C	-0.89%
MAS	D	-0.88%
HRB	D	-0.88%
DD	D	-0.87%
NVR	D	-0.87%
BLDR	D	-0.86%
AN	C	-0.86%
NSA	D	-0.83%
MHK	D	-0.83%
BLD	D	-0.83%
LEN	D	-0.83%
HCA	F	-0.82%
FBIN	D	-0.8%
MTD	D	-0.79%
WMS	D	-0.78%
CROX	D	-0.66%