LSAF vs. FXL ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to First Trust Technology AlphaDEX (FXL)

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

$44.24

Average Daily Volume

12,085

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

$154.87

Average Daily Volume

17,297

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	FXL
30 Days	7.73%	9.38%
60 Days	6.90%	11.94%
90 Days	11.55%	15.34%
12 Months	35.74%	32.08%

11 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in FXL	Overlap
AAPL	A	0.93%	0.91%	0.91%
FTNT	B	1.15%	1.44%	1.15%
GEN	A	1.02%	0.32%	0.32%
GOOGL	C	0.96%	0.63%	0.63%
GWRE	A	1.04%	1.66%	1.04%
IT	C	0.97%	0.99%	0.97%
JBL	C	1.03%	1.28%	1.03%
KBR	D	0.87%	0.55%	0.55%
NTNX	B	1.14%	1.12%	1.12%
SAIC	F	0.85%	0.84%	0.84%
SNX	C	0.92%	1.14%	0.92%

LSAF Overweight 88 Positions Relative to FXL

Symbol	Grade	Weight
TRGP	B	1.34%
VST	B	1.32%
EXEL	A	1.27%
SYF	A	1.24%
UNM	A	1.21%
OWL	B	1.19%
AAON	B	1.18%
BKNG	A	1.17%
EXPE	B	1.17%
GM	C	1.17%
PLNT	A	1.16%
FI	A	1.15%
DUOL	B	1.15%
AMP	A	1.15%
GS	A	1.14%
FICO	A	1.14%
CPAY	A	1.13%
STLD	B	1.09%
LOPE	B	1.08%
CMI	A	1.08%
MAR	A	1.08%
TMUS	A	1.08%
PRI	A	1.06%
WSO	B	1.05%
EQH	B	1.05%
RS	B	1.04%
MO	A	1.04%
FOXA	C	1.04%
WRB	A	1.04%
AXP	A	1.03%
HLT	A	1.03%
MUSA	A	1.02%
ORI	A	1.02%
RL	B	1.01%
EXP	B	1.01%
AMG	B	1.0%
LPX	B	1.0%
EEFT	B	1.0%
BR	A	1.0%
ORLY	A	0.99%
LNW	D	0.99%
REG	A	0.98%
MET	A	0.98%
AIG	B	0.98%
HIG	A	0.97%
H	B	0.97%
FIS	D	0.97%
UTHR	B	0.97%
WWD	B	0.96%
PSX	C	0.95%
AFL	A	0.95%
DVA	A	0.95%
CAT	B	0.94%
SPGI	B	0.94%
LOW	C	0.93%
COLM	B	0.93%
POST	B	0.93%
MPC	D	0.93%
PVH	C	0.93%
TOL	B	0.93%
CSL	B	0.93%
AZO	B	0.92%
GPK	C	0.92%
MTG	B	0.92%
PSN	D	0.91%
SPB	C	0.9%
COKE	C	0.9%
TXT	D	0.9%
CI	D	0.9%
EBAY	C	0.89%
AN	B	0.89%
MAS	D	0.88%
DD	D	0.88%
LMT	D	0.88%
NSA	C	0.87%
NVR	D	0.86%
LEN	D	0.85%
THC	D	0.85%
BLDR	D	0.85%
BLD	D	0.84%
HRB	D	0.84%
PHM	D	0.84%
MHK	D	0.81%
FBIN	D	0.8%
HCA	F	0.78%
WMS	D	0.77%
MTD	D	0.76%
CROX	F	0.67%

LSAF Underweight 91 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%
GFS	C	-1.65%
CTSH	A	-1.63%
HPE	B	-1.62%
DXC	B	-1.62%
PAYC	A	-1.6%
META	D	-1.57%
SMAR	A	-1.57%
IPGP	D	-1.57%
DOCU	B	-1.53%
AVT	C	-1.52%
ON	D	-1.44%
NVDA	C	-1.43%
GDDY	A	-1.4%
ZM	B	-1.4%
TWLO	B	-1.39%
NOW	A	-1.38%
ARW	D	-1.35%
AMKR	F	-1.32%
SWKS	D	-1.32%
ORCL	B	-1.3%
DNB	B	-1.27%
INTC	D	-1.26%
TYL	A	-1.25%
HPQ	B	-1.21%
CNXC	F	-1.21%
DT	C	-1.19%
MANH	C	-1.18%
AVGO	D	-1.17%
DOX	D	-1.16%
EPAM	C	-1.15%
MSTR	C	-1.15%
PANW	B	-1.08%
RNG	B	-1.08%
S	B	-1.07%
DELL	C	-1.06%
AKAM	D	-1.04%
FFIV	A	-1.03%
DBX	C	-1.01%
CRUS	D	-0.97%
SSNC	A	-0.93%
HCP	C	-0.93%
CACI	D	-0.91%
QCOM	F	-0.9%
NTAP	B	-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	B	-0.66%
APH	B	-0.66%
ROP	B	-0.6%
TXN	D	-0.59%
LSCC	D	-0.57%
VRSN	C	-0.57%
IBM	C	-0.56%
IAC	D	-0.52%
U	C	-0.49%
MCHP	D	-0.48%
OLED	F	-0.47%
ONTO	F	-0.47%
TER	D	-0.47%
PYCR	C	-0.36%
CRWD	B	-0.36%
KD	A	-0.36%
GTLB	C	-0.35%
NET	B	-0.34%
DDOG	B	-0.34%
WDAY	C	-0.33%
ANSS	B	-0.32%
GLW	B	-0.31%
INFA	D	-0.3%
APPF	B	-0.29%
PSTG	D	-0.29%
MSFT	C	-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