FDLS vs. SMIZ ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to Zacks Small/Mid Cap ETF (SMIZ)

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

$33.55

Average Daily Volume

11,407

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMIZ

Zacks Small/Mid Cap ETF

SMIZ Description

The fund seeks to generate positive risk-adjusted returns (positive rate of return after adjustment for the amount of risk taken) by, under normal circumstances, investing at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of small and midsize companies listed on U.S. stock exchanges or derivatives linked to such securities.

Grade (RS Rating)

Last Trade

$35.83

Average Daily Volume

15,430

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	SMIZ
30 Days	4.22%	3.63%
60 Days	5.67%	6.53%
90 Days	7.84%	10.75%
12 Months	24.12%	35.63%

17 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in SMIZ	Overlap
ADMA	B	0.99%	1.05%	0.99%
APPF	C	0.97%	0.37%	0.37%
BMI	B	0.97%	0.65%	0.65%
DOCU	B	1.31%	0.33%	0.33%
EME	A	1.09%	1.73%	1.09%
EVER	F	0.8%	0.23%	0.23%
FIX	A	1.11%	0.6%	0.6%
HQY	A	1.17%	0.57%	0.57%
HSTM	B	1.06%	0.3%	0.3%
HY	D	0.82%	0.36%	0.36%
IBKR	A	1.28%	0.69%	0.69%
PHM	D	0.85%	0.51%	0.51%
POWL	C	1.51%	0.4%	0.4%
RMD	C	0.9%	0.45%	0.45%
THC	C	0.94%	0.36%	0.36%
TSN	B	1.0%	0.38%	0.38%
UHS	D	0.81%	0.28%	0.28%

FDLS Overweight 81 Positions Relative to SMIZ

Symbol	Grade	Weight
HNST	A	1.64%
SMWB	A	1.32%
DAL	A	1.31%
SFM	B	1.3%
TILE	A	1.27%
TDS	B	1.24%
CEIX	B	1.22%
NECB	B	1.21%
OPRA	A	1.19%
TCBX	A	1.19%
TRGP	A	1.19%
GRMN	B	1.16%
NTNX	B	1.16%
PPC	B	1.13%
BKR	A	1.12%
HWM	A	1.12%
QCRH	B	1.12%
STLD	B	1.11%
DECK	A	1.11%
VIRT	A	1.07%
TCMD	B	1.07%
BBW	B	1.07%
GEN	B	1.07%
ACIW	B	1.07%
EHC	B	1.06%
FCNCA	A	1.06%
GFF	A	1.06%
ITRI	B	1.06%
CVLT	A	1.06%
CTAS	B	1.04%
BFH	B	1.03%
TSM	C	1.02%
VNET	C	1.02%
OSPN	A	1.02%
LGTY	B	1.01%
RGA	B	1.01%
MPLX	A	1.0%
CAT	C	1.0%
WLDN	C	0.99%
WRB	A	0.99%
QNST	B	0.99%
WWD	B	0.99%
CHWY	B	0.99%
PNW	A	0.98%
VIRC	C	0.98%
CPRX	C	0.98%
PGR	B	0.98%
LII	A	0.96%
CSTL	D	0.96%
MGIC	D	0.96%
FANG	C	0.96%
RNR	C	0.95%
CBT	C	0.95%
MNDY	D	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
DVA	C	0.91%
FRBA	D	0.9%
BELFB	D	0.9%
UGI	C	0.9%
QCOM	F	0.9%
SAIC	F	0.89%
ESEA	C	0.87%
BCRX	D	0.87%
PTGX	D	0.86%
MELI	C	0.85%
EGY	F	0.84%
BG	D	0.84%
VITL	D	0.83%
NOMD	D	0.81%
MG	F	0.8%
DHI	D	0.8%
PLUS	F	0.77%
CRUS	F	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	D	0.64%
OSCR	D	0.63%
ATNI	F	0.62%
ANGI	F	0.59%

FDLS Underweight 172 Positions Relative to SMIZ

Symbol	Grade	Weight
BRBR	A	-1.19%
PRA	B	-1.12%
MCY	B	-1.06%
PODD	B	-1.05%
NTRS	A	-1.04%
ENR	A	-1.01%
SLVM	B	-1.01%
CBSH	B	-0.96%
SNV	B	-0.96%
COFS	A	-0.95%
MUSA	B	-0.94%
KW	C	-0.92%
FISI	B	-0.92%
ANET	D	-0.91%
NTAP	C	-0.9%
DDOG	A	-0.9%
FULT	B	-0.89%
RYAN	B	-0.88%
FLS	A	-0.86%
LRN	A	-0.84%
MCK	A	-0.84%
LNG	A	-0.84%
TROW	B	-0.81%
NPAB	F	-0.8%
GWRE	A	-0.79%
PRM	C	-0.79%
ALX	D	-0.79%
WMB	A	-0.78%
ICUI	D	-0.76%
CBAN	B	-0.76%
TOL	B	-0.76%
NRIM	A	-0.74%
AXTA	B	-0.73%
RMBS	C	-0.72%
AYI	B	-0.71%
MEDP	F	-0.71%
TMHC	C	-0.71%
PK	D	-0.69%
HHH	B	-0.69%
CEG	C	-0.68%
ZUO	B	-0.68%
NI	A	-0.67%
CHCO	B	-0.65%
RCL	A	-0.65%
YEXT	B	-0.64%
BSRR	C	-0.63%
IR	B	-0.62%
SOFI	A	-0.62%
VMI	B	-0.61%
CINF	A	-0.61%
OHI	C	-0.6%
WTS	B	-0.59%
TTWO	A	-0.59%
VECO	F	-0.58%
GLW	B	-0.57%
HUBB	B	-0.57%
HIG	A	-0.57%
VST	A	-0.57%
TWLO	A	-0.57%
BMRC	B	-0.57%
NCLH	B	-0.56%
ALRS	D	-0.55%
JHG	B	-0.55%
ARVN	F	-0.55%
EIX	C	-0.54%
KREF	D	-0.54%
MATX	B	-0.54%
APH	B	-0.54%
ANF	F	-0.54%
UAL	A	-0.53%
ICFI	F	-0.5%
LDOS	C	-0.5%
WING	F	-0.5%
ALTR	B	-0.5%
MASI	B	-0.49%
IRDM	F	-0.49%
UNM	A	-0.49%
COIN	B	-0.49%
ZBRA	B	-0.49%
FLR	B	-0.48%
PRI	B	-0.48%
BAH	F	-0.47%
WEAV	B	-0.47%
CMTG	D	-0.46%
SPT	C	-0.46%
ALKS	C	-0.46%
SIRI	D	-0.44%
JANX	C	-0.44%
MHO	D	-0.44%
CHRW	B	-0.43%
UIS	C	-0.43%
NWPX	A	-0.43%
TAP	C	-0.43%
ITT	B	-0.43%
WAB	B	-0.43%
DUOL	A	-0.42%
TXT	D	-0.41%
HCAT	F	-0.41%
CSL	C	-0.4%
GTLB	B	-0.4%
BTU	B	-0.39%
EXPD	D	-0.38%
ILMN	C	-0.38%
CARG	B	-0.38%
KRYS	C	-0.38%
AGNC	C	-0.37%
SPSC	D	-0.36%
KBH	D	-0.36%
DRI	C	-0.36%
VCYT	B	-0.36%
CRS	A	-0.36%
HOLX	D	-0.36%
FTNT	B	-0.35%
GAP	D	-0.35%
URBN	D	-0.35%
AOSL	D	-0.35%
QLYS	C	-0.34%
OKTA	D	-0.34%
GRBK	D	-0.34%
KKR	B	-0.34%
CBOE	C	-0.33%
ROST	D	-0.32%
UI	A	-0.32%
RDFN	F	-0.32%
ACGL	D	-0.32%
OMC	D	-0.32%
RIOT	C	-0.31%
HAE	C	-0.31%
LHX	B	-0.3%
CCS	F	-0.3%
COOP	B	-0.29%
ALLO	F	-0.29%
FSLY	F	-0.28%
RBB	B	-0.28%
HRB	D	-0.27%
MGM	D	-0.27%
PCVX	D	-0.26%
WMS	F	-0.26%
EPC	F	-0.26%
MTG	C	-0.26%
EVTC	C	-0.25%
GNTY	A	-0.24%
AZEK	B	-0.24%
INSP	F	-0.24%
WASH	B	-0.23%
NYT	D	-0.23%
IRM	C	-0.22%
KMPR	A	-0.22%
ZM	B	-0.22%
OPCH	F	-0.21%
BRO	B	-0.21%
PARR	F	-0.21%
AIZ	A	-0.21%
SN	D	-0.2%
HL	C	-0.2%
CPF	B	-0.19%
POST	C	-0.19%
PHR	F	-0.19%
TMDX	F	-0.19%
EXAS	D	-0.19%
STNE	F	-0.19%
AXS	A	-0.17%
DFH	F	-0.17%
CWCO	C	-0.16%
BMRN	F	-0.16%
AFL	C	-0.14%
AEO	F	-0.13%
STKS	F	-0.12%
COUR	F	-0.12%
HRTX	F	-0.09%
RUN	F	-0.08%
SPCE	D	-0.04%