LSAT vs. FCOM ETF Comparison

Comparison of LeaderShares AlphaFactor Tactical Focused ETF (LSAT) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

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

$36.60

Average Daily Volume

12,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.59

Average Daily Volume

104,464

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAT	FCOM
30 Days	-5.69%	-3.97%
60 Days	1.56%	-1.94%
90 Days	5.53%	3.19%
12 Months	15.71%	28.27%

3 Overlapping Holdings

Symbol	Grade	Weight in LSAT	Weight in FCOM	Overlap
CMCSA	F	3.25%	4.18%	3.25%
FOX	B	3.54%	0.41%	0.41%
NXST	D	3.34%	0.55%	0.55%

LSAT Overweight 27 Positions Relative to FCOM

Symbol	Grade	Weight
PPC	A	3.63%
MPC	B	3.43%
POST	A	3.41%
SRE	A	3.41%
DE	B	3.4%
VLO	B	3.37%
DD	C	3.36%
EBAY	A	3.34%
CNC	C	3.34%
HRB	C	3.33%
VST	A	3.31%
DINO	D	3.3%
JEF	C	3.29%
ARW	A	3.28%
EXPD	F	3.28%
MAR	C	3.26%
JNJ	F	3.26%
TDC	F	3.24%
LH	F	3.23%
ADTN	F	3.21%
HLT	C	3.18%
NSA	D	3.17%
BMY	F	3.16%
TNL	D	3.14%
SPB	C	3.14%
MTG	C	3.11%
DKS	B	3.05%

LSAT Underweight 86 Positions Relative to FCOM

Symbol	Grade	Weight
META	D	-21.21%
GOOGL	A	-14.03%
GOOG	A	-11.26%
DIS	C	-4.6%
VZ	C	-4.41%
NFLX	D	-4.4%
T	B	-3.57%
TMUS	A	-3.0%
TTD	C	-1.51%
EA	D	-1.37%
TTWO	D	-1.19%
CHTR	F	-1.17%
OMC	A	-1.16%
PINS	C	-1.05%
WBD	F	-1.0%
LYV	D	-0.94%
SNAP	A	-0.93%
IPG	F	-0.89%
RBLX	F	-0.89%
NWSA	D	-0.8%
FOXA	B	-0.78%
ROKU	F	-0.74%
MTCH	F	-0.74%
NYT	D	-0.67%
LBRDK	D	-0.59%
PARA	D	-0.59%
EDR	A	-0.48%
ZI	D	-0.43%
FYBR	C	-0.42%
IAC	F	-0.37%
IRDM	B	-0.33%
MSGS	B	-0.29%
TRIP	C	-0.28%
CCOI	F	-0.28%
TGNA	F	-0.26%
YELP	B	-0.26%
SIRI	F	-0.23%
ZD	F	-0.23%
CARG	C	-0.2%
SATS	A	-0.19%
CNK	D	-0.19%
CABO	F	-0.17%
TDS	B	-0.16%
LGF.A	B	-0.13%
LUMN	F	-0.12%
SSTK	D	-0.11%
CARS	D	-0.11%
MGNI	F	-0.11%
LILAK	A	-0.1%
GSAT	D	-0.1%
BMBL	F	-0.1%
MSGE	A	-0.1%
QNST	A	-0.09%
SCHL	D	-0.09%
PUBM	A	-0.09%
THRY	A	-0.08%
IMAX	D	-0.08%
SHEN	F	-0.07%
IAS	D	-0.07%
ZIP	F	-0.07%
TTGT	D	-0.07%
GOGO	B	-0.06%
LGF.A	B	-0.06%
USM	B	-0.06%
IDT	C	-0.06%
AMC	F	-0.06%
GTN	F	-0.05%
VMEO	D	-0.05%
ADV	B	-0.05%
STGW	A	-0.05%
CCO	F	-0.04%
MAX	B	-0.04%
ATUS	F	-0.04%
BOC	F	-0.04%
FUBO	F	-0.04%
ATEX	D	-0.04%
EB	D	-0.04%
LILA	A	-0.03%
CNSL	B	-0.03%
MCS	F	-0.03%
AMCX	F	-0.03%
ANGI	D	-0.02%
IHRT	D	-0.02%
ATNI	F	-0.02%
SSP	F	-0.02%
EVC	F	-0.01%