LSAT vs. DDIV ETF Comparison

Comparison of LeaderShares AlphaFactor Tactical Focused ETF (LSAT) to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$36.91

Average Daily Volume

11,888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DDIV

First Trust Dorsey Wright Momentum & Dividend ETF

DDIV Description

The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Dividend Yield Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider"). The Dorsey Wright Momentum Plus Dividend Yield Index is a rules-based equity index that is designed to track the overall performance of the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. To construct the index, Dorsey, Wright & Associates (DWA) begins with the eligible constituents of the NASDAQ US Large Mid Cap Index. These eligible constituents are determined after meeting certain criteria, including maintaining a minimum average daily dollar volume of $1 million for the 30-day period prior to evaluation. Each security is assigned a relative strength score based on its forward price momentum compared to the momentum of a broad market benchmark index. Securities that exhibit a minimum level of relative strength are eligible for inclusion in the index. Eligible securities are then ranked based upon their current dividend yield, and the top 50 securities with the highest dividend yield are selected for inclusion in the index. The securities are then weighted, with greater weights given to securities with higher dividend yields. The index is reconstituted and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

7,926

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAT	DDIV
30 Days	-3.33%	-3.29%
60 Days	2.42%	1.63%
90 Days	5.54%	8.71%
12 Months	19.90%	22.94%

3 Overlapping Holdings

Symbol	Grade	Weight in LSAT	Weight in DDIV	Overlap
DKS	B	3.2%	1.46%	1.46%
HRB	B	3.27%	2.4%	2.4%
VLO	B	3.38%	1.77%	1.77%

LSAT Overweight 27 Positions Relative to DDIV

Symbol	Grade	Weight
VST	A	3.63%
PPC	A	3.59%
FOX	A	3.5%
SRE	A	3.44%
MPC	B	3.43%
POST	B	3.42%
ARW	B	3.42%
EBAY	B	3.41%
JEF	A	3.36%
TDC	D	3.33%
DD	A	3.31%
ADTN	F	3.3%
DE	A	3.3%
DINO	F	3.29%
MAR	D	3.29%
HLT	D	3.27%
CNC	D	3.26%
TNL	D	3.26%
EXPD	D	3.21%
JNJ	D	3.19%
SPB	B	3.19%
NXST	B	3.18%
MTG	B	3.17%
LH	F	3.14%
NSA	C	3.08%
CMCSA	F	3.08%
BMY	F	2.86%

LSAT Underweight 47 Positions Relative to DDIV

Symbol	Grade	Weight
STWD	C	-5.39%
OMF	A	-5.36%
OKE	B	-4.1%
SPG	D	-4.05%
LAMR	A	-3.65%
ORI	A	-2.94%
CRBG	A	-2.83%
RHP	D	-2.82%
DRI	F	-2.76%
IRM	D	-2.75%
TPR	D	-2.68%
IBM	D	-2.61%
STX	C	-2.57%
OWL	B	-2.47%
CG	D	-2.45%
ARES	A	-2.44%
WELL	A	-2.42%
PSX	D	-2.22%
PKG	C	-2.14%
GPS	C	-2.02%
WSO	A	-1.99%
BX	D	-1.93%
SSB	D	-1.88%
AFL	A	-1.82%
NRG	A	-1.68%
JPM	A	-1.68%
ALL	B	-1.6%
ITW	D	-1.45%
KR	B	-1.42%
GRMN	A	-1.28%
NTAP	B	-1.24%
FAST	C	-1.23%
AIG	A	-1.22%
RGA	A	-1.14%
CAH	D	-1.12%
TRV	C	-1.04%
RL	D	-1.04%
FANG	B	-1.03%
TRGP	B	-1.02%
PBF	B	-0.95%
TXRH	A	-0.91%
COF	B	-0.89%
HLI	A	-0.88%
CE	C	-0.88%
RPM	C	-0.8%
AVGO	D	-0.79%
NXPI	B	-0.79%