NDOW vs. FDLS ETF Comparison

Comparison of Anydrus Advantage ETF (NDOW) to Inspire Fidelis Multi Factor ETF (FDLS)

NDOW

Anydrus Advantage ETF

NDOW Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

Grade (RS Rating)

Last Trade

$25.02

Average Daily Volume

2,597

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.50

Average Daily Volume

11,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NDOW	FDLS
30 Days	-0.92%	6.43%
60 Days	-1.17%	7.40%
90 Days	-0.44%	6.89%
12 Months		25.41%

1 Overlapping Holdings

	Symbol	Grade	Weight in NDOW	Weight in FDLS	Overlap
	ESEA	D	0.62%	0.87%	0.62%

NDOW Overweight 36 Positions Relative to FDLS

Symbol	Grade	Weight
FLIA	C	9.25%
IBTH	D	8.45%
VGIT	D	8.32%
IEI	D	6.88%
XEMD	A	6.18%
SCHI	D	4.92%
IDMO	C	4.91%
BSJS	A	4.58%
SPMO	A	4.39%
BKLC	A	4.35%
SCHD	A	4.25%
XSVN	F	3.86%
VGLT	D	2.83%
GLTR	C	2.66%
SRE	A	1.03%
ETN	A	1.01%
JPM	A	0.99%
BCC	B	0.86%
NEE	C	0.85%
NXPI	D	0.8%
FCX	F	0.8%
NICE	D	0.68%
MPWR	F	0.63%
OGN	F	0.62%
VRTX	D	0.62%
BNTX	C	0.61%
FINV	B	0.58%
BABA	D	0.58%
BIDU	F	0.52%
ABBV	F	0.5%
YY	B	0.49%
NTES	D	0.49%
INFY	C	0.48%
E	F	0.46%
PBR	D	0.45%
REGN	F	0.42%

NDOW Underweight 97 Positions Relative to FDLS

Symbol	Grade	Weight
HNST	A	-1.64%
POWL	C	-1.51%
SMWB	A	-1.32%
DAL	B	-1.31%
DOCU	B	-1.31%
SFM	A	-1.3%
IBKR	A	-1.28%
TILE	B	-1.27%
TDS	B	-1.24%
CEIX	A	-1.22%
NECB	C	-1.21%
OPRA	B	-1.19%
TCBX	B	-1.19%
TRGP	A	-1.19%
HQY	A	-1.17%
GRMN	B	-1.16%
NTNX	B	-1.16%
PPC	C	-1.13%
BKR	A	-1.12%
HWM	A	-1.12%
QCRH	B	-1.12%
FIX	A	-1.11%
STLD	B	-1.11%
DECK	A	-1.11%
EME	A	-1.09%
VIRT	A	-1.07%
TCMD	B	-1.07%
BBW	C	-1.07%
GEN	B	-1.07%
ACIW	B	-1.07%
EHC	B	-1.06%
FCNCA	A	-1.06%
GFF	A	-1.06%
ITRI	C	-1.06%
HSTM	B	-1.06%
CVLT	B	-1.06%
CTAS	B	-1.04%
BFH	C	-1.03%
TSM	B	-1.02%
VNET	B	-1.02%
OSPN	A	-1.02%
LGTY	C	-1.01%
RGA	A	-1.01%
MPLX	A	-1.0%
TSN	B	-1.0%
CAT	B	-1.0%
WLDN	C	-0.99%
WRB	A	-0.99%
QNST	B	-0.99%
ADMA	B	-0.99%
WWD	C	-0.99%
CHWY	B	-0.99%
PNW	A	-0.98%
VIRC	B	-0.98%
CPRX	C	-0.98%
PGR	A	-0.98%
BMI	B	-0.97%
APPF	B	-0.97%
LII	A	-0.96%
CSTL	D	-0.96%
MGIC	D	-0.96%
FANG	C	-0.96%
RNR	C	-0.95%
CBT	D	-0.95%
THC	D	-0.94%
MNDY	C	-0.94%
OFG	B	-0.93%
FRST	B	-0.92%
WES	C	-0.92%
DVA	C	-0.91%
FRBA	D	-0.9%
BELFB	C	-0.9%
RMD	C	-0.9%
UGI	C	-0.9%
QCOM	F	-0.9%
SAIC	F	-0.89%
BCRX	D	-0.87%
PTGX	D	-0.86%
MELI	C	-0.85%
PHM	D	-0.85%
EGY	D	-0.84%
BG	D	-0.84%
VITL	D	-0.83%
HY	D	-0.82%
UHS	D	-0.81%
NOMD	D	-0.81%
MG	D	-0.8%
EVER	D	-0.8%
DHI	F	-0.8%
PLUS	F	-0.77%
CRUS	D	-0.77%
FSLR	F	-0.76%
NEM	D	-0.73%
ASC	F	-0.64%
OSCR	D	-0.63%
ATNI	F	-0.62%
ANGI	F	-0.59%