LSAF vs. FFLV ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to Fidelity Fundamental Large Cap Value ETF (FFLV)

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

$43.22

Average Daily Volume

11,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.94

Average Daily Volume

878

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	FFLV
30 Days	3.33%	3.62%
60 Days	6.17%	5.11%
90 Days	8.22%	5.96%
12 Months	32.92%

12 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in FFLV	Overlap
CI	D	0.92%	1.59%	0.92%
GEN	B	1.04%	0.83%	0.83%
GPK	C	0.93%	0.82%	0.82%
HIG	B	0.95%	2.6%	0.95%
HRB	D	0.88%	0.27%	0.27%
LMT	D	0.92%	0.68%	0.68%
LOW	C	0.94%	0.58%	0.58%
LPX	B	0.98%	0.36%	0.36%
ORI	A	1.0%	0.75%	0.75%
SNX	D	0.93%	0.61%	0.61%
TRGP	A	1.25%	0.84%	0.84%
VST	A	1.12%	0.46%	0.46%

LSAF Overweight 87 Positions Relative to FFLV

Symbol	Grade	Weight
EXEL	B	1.3%
SYF	B	1.23%
FTNT	C	1.2%
GM	C	1.2%
AAON	B	1.19%
EXPE	B	1.16%
NTNX	B	1.15%
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	C	1.12%
CPAY	A	1.12%
OWL	A	1.11%
PLNT	A	1.1%
TMUS	B	1.09%
EQH	C	1.09%
STLD	B	1.08%
MAR	A	1.08%
PRI	B	1.07%
LNW	F	1.07%
UTHR	C	1.06%
JBL	C	1.05%
DUOL	A	1.05%
GOOGL	C	1.04%
FOXA	A	1.04%
RS	B	1.04%
IT	C	1.03%
PSN	D	1.03%
CMI	A	1.03%
KBR	F	1.03%
SAIC	F	1.03%
WSO	A	1.02%
HLT	A	1.02%
ORLY	B	1.01%
MUSA	B	1.01%
WRB	A	1.01%
GWRE	A	1.01%
EXP	B	1.01%
RL	C	1.01%
AXP	A	1.0%
MO	A	1.0%
FIS	C	0.99%
BR	A	0.99%
AMG	B	0.98%
EEFT	B	0.98%
WWD	C	0.97%
H	B	0.97%
PVH	C	0.96%
REG	A	0.96%
AIG	B	0.96%
COLM	C	0.95%
CSL	C	0.95%
MET	A	0.94%
THC	D	0.94%
SPB	C	0.94%
CAT	B	0.94%
AZO	C	0.94%
TXT	D	0.93%
AFL	B	0.93%
PSX	C	0.92%
MTG	C	0.92%
SPGI	C	0.92%
TOL	B	0.92%
AAPL	C	0.91%
DVA	C	0.91%
MPC	D	0.9%
EBAY	D	0.89%
COKE	C	0.89%
POST	C	0.89%
MAS	D	0.88%
DD	C	0.87%
NVR	D	0.87%
BLDR	D	0.86%
AN	C	0.86%
PHM	D	0.84%
NSA	C	0.83%
MHK	D	0.83%
BLD	D	0.83%
LEN	D	0.83%
HCA	F	0.82%
FBIN	D	0.8%
MTD	F	0.79%
WMS	F	0.78%
CROX	D	0.66%

LSAF Underweight 96 Positions Relative to FFLV

Symbol	Grade	Weight
XOM	B	-4.54%
JPM	A	-4.36%
CSCO	B	-3.48%
WFC	A	-3.09%
BAC	A	-2.34%
CMCSA	B	-2.31%
UNH	B	-2.23%
TRV	B	-2.2%
JNJ	C	-2.03%
ELV	F	-1.96%
KVUE	A	-1.95%
JCI	B	-1.84%
FDX	B	-1.7%
PLD	F	-1.66%
EIX	B	-1.58%
USFD	A	-1.49%
PCG	A	-1.49%
ALSN	B	-1.38%
APO	B	-1.37%
WELL	A	-1.32%
SJM	D	-1.24%
CVS	D	-1.21%
AZN	F	-1.09%
BRK.A	B	-1.04%
WLK	D	-1.01%
RJF	A	-1.01%
TKR	D	-0.99%
CNC	D	-0.96%
MCHP	F	-0.94%
SRE	A	-0.89%
COR	B	-0.88%
MRK	D	-0.88%
AFG	A	-0.87%
TSM	B	-0.86%
DOX	D	-0.84%
KDP	F	-0.8%
UHAL	D	-0.8%
CB	C	-0.76%
GDDY	A	-0.7%
RRX	B	-0.69%
FLR	B	-0.68%
TPX	B	-0.67%
CNXC	F	-0.67%
PSA	C	-0.65%
LW	C	-0.65%
BCO	F	-0.6%
WCC	B	-0.58%
XPO	B	-0.58%
BC	C	-0.58%
KO	D	-0.57%
CG	B	-0.56%
AES	F	-0.54%
ALLY	C	-0.54%
CEG	C	-0.52%
KEY	B	-0.52%
HPQ	B	-0.47%
SW	A	-0.47%
UFPI	C	-0.46%
GMS	B	-0.46%
GPN	B	-0.44%
LAD	A	-0.43%
IPG	D	-0.42%
APTV	F	-0.39%
FAF	A	-0.38%
GTES	A	-0.38%
DOOO	F	-0.37%
OLN	F	-0.33%
HRI	C	-0.32%
CC	C	-0.31%
AAP	D	-0.31%
DAR	C	-0.31%
HOG	D	-0.3%
LITE	B	-0.29%
SLM	A	-0.28%
CPT	B	-0.28%
MDU	D	-0.27%
UPBD	B	-0.26%
G	B	-0.26%
BG	D	-0.25%
OMF	A	-0.24%
PM	B	-0.22%
NXST	C	-0.22%
VSTS	C	-0.22%
CIEN	C	-0.22%
TEX	F	-0.21%
AR	B	-0.2%
COMP	B	-0.2%
SIG	B	-0.2%
TPR	B	-0.17%
SNY	F	-0.17%
CCI	C	-0.14%
MOH	F	-0.13%
EWBC	A	-0.13%
FCNCA	A	-0.12%
WBS	A	-0.11%
FTRE	D	-0.07%