QABA vs. LSAT ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA 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 NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.96

Average Daily Volume

27,334

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

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

$36.99

Average Daily Volume

12,905

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	LSAT
30 Days	0.88%	-2.84%
60 Days	0.23%	4.09%
90 Days	-7.35%	5.70%
12 Months	17.85%	21.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in QABA	Weight in LSAT	Overlap

QABA Overweight 123 Positions Relative to LSAT

Symbol	Grade	Weight
CBSH	A	4.42%
WTFC	B	3.79%
OZK	A	3.22%
UBSI	D	2.88%
FFIN	C	2.69%
UMBF	B	2.52%
HWC	A	2.45%
IBOC	A	2.16%
TFSL	D	2.13%
ABCB	B	2.04%
UCBI	C	1.93%
BANF	B	1.88%
TCBI	D	1.76%
FHB	B	1.73%
FIBK	B	1.7%
WSFS	A	1.67%
CATY	F	1.57%
FULT	B	1.56%
CVBF	D	1.47%
SFNC	D	1.46%
INDB	C	1.37%
PPBI	D	1.34%
FFBC	B	1.33%
TOWN	B	1.29%
FRME	B	1.27%
SBCF	D	1.26%
TBBK	D	1.14%
WAFD	B	1.14%
CLBK	C	1.09%
MBIN	C	1.07%
WSBC	D	1.06%
NBTB	B	1.05%
TRMK	A	1.04%
IBTX	F	1.03%
LKFN	C	1.01%
BANR	C	0.98%
HTLF	A	0.95%
CHCO	A	0.95%
EFSC	D	0.91%
FBNC	D	0.87%
NWBI	D	0.86%
SYBT	B	0.83%
HOPE	B	0.82%
CASH	B	0.8%
WABC	C	0.79%
BUSE	B	0.79%
SRCE	B	0.77%
STBA	B	0.74%
TCBK	C	0.72%
VBTX	A	0.7%
PFBC	A	0.66%
PEBO	A	0.64%
QCRH	B	0.61%
GABC	C	0.61%
SASR	D	0.61%
OCFC	D	0.56%
SBSI	D	0.53%
RBCAA	B	0.53%
BRKL	F	0.52%
BFC	D	0.5%
FBMS	C	0.49%
CTBI	A	0.48%
FMBH	B	0.47%
DCOM	B	0.47%
CNOB	F	0.46%
PFC	A	0.45%
CFFN	F	0.44%
AMAL	B	0.43%
EGBN	F	0.41%
OSBC	B	0.4%
HFWA	C	0.4%
GSBC	A	0.39%
FCBC	B	0.38%
CFB	C	0.38%
MBWM	C	0.37%
HBT	D	0.37%
CASS	D	0.36%
UVSP	B	0.36%
CCB	B	0.34%
BFST	B	0.34%
IBCP	B	0.33%
TRST	D	0.33%
HBNC	C	0.33%
MSBI	C	0.32%
HTBK	D	0.31%
HAFC	C	0.29%
FMNB	D	0.29%
SMBC	D	0.29%
PGC	F	0.28%
CAC	D	0.28%
WASH	C	0.28%
HONE	C	0.28%
CCBG	D	0.28%
SPFI	B	0.27%
THFF	B	0.27%
HTBI	B	0.27%
NBN	C	0.26%
BHRB	B	0.25%
CCNE	D	0.25%
ESQ	D	0.24%
AROW	C	0.24%
NFBK	F	0.24%
HIFS	B	0.23%
KRNY	D	0.23%
SHBI	D	0.22%
FFIC	F	0.22%
MOFG	D	0.21%
BWB	B	0.21%
MPB	C	0.21%
RBB	A	0.21%
NEWT	F	0.17%
FRST	D	0.17%
FISI	D	0.17%
PFIS	D	0.17%
BMRC	D	0.16%
NRIM	C	0.16%
CARE	D	0.16%
WSBF	C	0.15%
FLIC	D	0.15%
NECB	C	0.14%
OVLY	D	0.13%
CZFS	F	0.13%
BLFY	D	0.13%

QABA Underweight 30 Positions Relative to LSAT

Symbol	Grade	Weight
PPC	A	-3.63%
FOX	A	-3.54%
MPC	B	-3.43%
POST	A	-3.41%
SRE	B	-3.41%
DE	B	-3.4%
VLO	B	-3.37%
DD	A	-3.36%
EBAY	A	-3.34%
NXST	D	-3.34%
CNC	C	-3.34%
HRB	D	-3.33%
VST	A	-3.31%
DINO	C	-3.3%
JEF	B	-3.29%
ARW	A	-3.28%
EXPD	D	-3.28%
MAR	C	-3.26%
JNJ	F	-3.26%
CMCSA	F	-3.25%
TDC	D	-3.24%
LH	F	-3.23%
ADTN	F	-3.21%
HLT	C	-3.18%
NSA	D	-3.17%
BMY	F	-3.16%
TNL	B	-3.14%
SPB	C	-3.14%
MTG	C	-3.11%
DKS	A	-3.05%