KIE vs. LSAF ETF Comparison

Comparison of SPDR S&P Insurance ETF (KIE) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.28

Average Daily Volume

855,080

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

$36.43

Average Daily Volume

11,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KIE	LSAF
30 Days	-4.60%	-4.39%
60 Days	-0.97%	1.19%
90 Days	3.23%	5.34%
12 Months	20.76%	19.62%

6 Overlapping Holdings

Symbol	Grade	Weight in KIE	Weight in LSAF	Overlap
AFL	B	2.17%	0.95%	0.95%
AIG	B	2.2%	0.97%	0.97%
AIZ	C	2.13%	0.94%	0.94%
HIG	B	2.24%	0.97%	0.97%
ORI	B	2.22%	0.98%	0.98%
PRI	D	1.92%	0.9%	0.9%

KIE Overweight 43 Positions Relative to LSAF

Symbol	Grade	Weight
OSCR	B	2.38%
PGR	A	2.33%
ALL	A	2.32%
ACGL	A	2.3%
TRV	B	2.26%
LNC	B	2.24%
UNM	B	2.22%
AXS	B	2.22%
CINF	B	2.21%
RGA	B	2.2%
AEL	A	2.2%
FAF	D	2.19%
CB	C	2.18%
AFG	B	2.18%
KMPR	C	2.17%
EG	D	2.17%
PFG	B	2.17%
L	C	2.17%
WRB	C	2.16%
SIGI	D	2.16%
PRU	B	2.15%
MET	B	2.15%
AON	D	2.13%
MMC	C	2.12%
MKL	D	2.11%
BRO	C	2.1%
RLI	D	2.09%
WTW	C	2.08%
RNR	C	2.07%
FNF	C	2.07%
AJG	D	2.04%
RYAN	B	2.03%
ERIE	B	2.03%
CNO	D	1.95%
THG	C	1.92%
KNSL	C	1.91%
AGO	D	1.89%
BHF	D	1.83%
GNW	D	1.53%
ESGR	C	1.28%
WTM	C	1.24%
GL	F	1.08%
PLMR	A	0.86%

KIE Underweight 90 Positions Relative to LSAF

Symbol	Grade	Weight
NRG	A	-1.13%
MPC	A	-1.09%
GOOGL	A	-1.08%
COP	A	-1.07%
PPC	A	-1.07%
VLO	A	-1.07%
GDDY	A	-1.07%
CACC	C	-1.06%
NFLX	A	-1.06%
VST	A	-1.06%
AAPL	F	-1.05%
MAR	B	-1.05%
PSX	A	-1.05%
JBL	D	-1.05%
LRCX	B	-1.04%
CAT	A	-1.04%
SNX	A	-1.04%
CNM	A	-1.03%
ALSN	A	-1.03%
WEX	A	-1.03%
TAP	B	-1.03%
AMG	B	-1.02%
OC	A	-1.02%
CRM	C	-1.02%
LPLA	C	-1.02%
WING	A	-1.02%
LVS	D	-1.02%
BKNG	C	-1.02%
AVT	C	-1.01%
TXT	A	-1.01%
HCA	B	-1.01%
HLT	B	-1.01%
RS	A	-1.01%
AYI	B	-1.01%
V	C	-1.01%
LNG	D	-1.01%
EA	D	-1.0%
EXPD	D	-1.0%
MCK	A	-1.0%
STLD	A	-1.0%
MUSA	A	-1.0%
ZBH	D	-0.99%
SF	B	-0.99%
S	D	-0.99%
AOS	A	-0.99%
THC	B	-0.99%
EQH	A	-0.99%
LOPE	C	-0.99%
R	B	-0.99%
AZO	B	-0.98%
EXP	B	-0.98%
DVA	B	-0.98%
HON	D	-0.98%
ORLY	A	-0.98%
NVR	B	-0.98%
CSX	C	-0.98%
HRB	C	-0.98%
JEF	B	-0.98%
SLM	B	-0.98%
SYF	B	-0.98%
VVV	C	-0.98%
AXP	B	-0.98%
AMP	B	-0.98%
CSL	A	-0.98%
AZEK	B	-0.97%
AWI	B	-0.97%
SCI	C	-0.97%
EXEL	A	-0.97%
VRSK	D	-0.97%
GWW	B	-0.97%
CAH	C	-0.97%
SAM	F	-0.97%
MAS	C	-0.96%
LEN	B	-0.95%
AZTA	D	-0.95%
TOL	B	-0.95%
DHI	B	-0.94%
PHM	B	-0.94%
AN	A	-0.94%
UHS	C	-0.94%
SPB	C	-0.93%
ELAN	D	-0.93%
CROX	B	-0.93%
BLDR	D	-0.92%
MTG	C	-0.91%
CRI	D	-0.9%
RL	D	-0.9%
DECK	C	-0.89%
ULTA	D	-0.88%
PVH	D	-0.79%