ROE vs. FDLS ETF Comparison

Comparison of Astoria US Quality Kings ETF (ROE) to Inspire Fidelis Multi Factor ETF (FDLS)

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$31.62

Average Daily Volume

13,522

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	ROE	FDLS
30 Days	2.42%	6.43%
60 Days	4.07%	7.40%
90 Days	4.15%	6.89%
12 Months	31.37%	25.41%

11 Overlapping Holdings

Symbol	Grade	Weight in ROE	Weight in FDLS	Overlap
CAT	B	0.98%	1.0%	0.98%
DHI	F	0.82%	0.8%	0.8%
EME	A	1.14%	1.09%	1.09%
FSLR	F	0.77%	0.76%	0.76%
GEN	B	1.06%	1.07%	1.06%
PGR	A	0.99%	0.98%	0.98%
PHM	D	0.88%	0.85%	0.85%
QCOM	F	0.96%	0.9%	0.9%
RMD	C	0.95%	0.9%	0.9%
THC	D	0.91%	0.94%	0.91%
WRB	A	1.05%	0.99%	0.99%

ROE Overweight 88 Positions Relative to FDLS

Symbol	Grade	Weight
APP	B	2.26%
APO	B	1.28%
VST	A	1.27%
SYF	B	1.27%
MCK	A	1.25%
LYV	A	1.21%
AMP	A	1.2%
CHTR	C	1.17%
NFLX	A	1.16%
TMUS	B	1.15%
NVDA	B	1.14%
ETR	B	1.13%
V	A	1.11%
GWW	B	1.11%
PANW	B	1.1%
ORCL	A	1.1%
MSI	B	1.08%
MO	A	1.08%
RPM	A	1.08%
TRV	B	1.08%
PM	B	1.07%
TROW	B	1.07%
CSCO	B	1.07%
CAH	B	1.06%
SPG	A	1.05%
EOG	A	1.05%
GOOGL	C	1.05%
COR	B	1.05%
APH	A	1.04%
ALL	A	1.03%
URI	C	1.03%
NRG	B	1.03%
DPZ	C	1.02%
HD	B	1.02%
ACN	B	1.02%
CMCSA	B	1.02%
DOV	A	1.02%
ITW	B	1.02%
AFL	B	1.01%
JBL	C	1.01%
LOW	C	1.01%
TJX	A	1.0%
VLO	C	1.0%
TXN	C	0.99%
CTSH	B	0.99%
HIG	B	0.99%
YUM	D	0.98%
CSL	C	0.98%
TGT	F	0.98%
AAPL	C	0.98%
SYY	D	0.98%
META	D	0.97%
CB	C	0.97%
NTAP	C	0.96%
MSFT	D	0.95%
KMB	C	0.95%
EG	C	0.95%
JNJ	C	0.94%
VICI	C	0.94%
OMC	C	0.94%
ANET	C	0.94%
IBM	C	0.93%
ON	D	0.93%
ADBE	C	0.93%
VZ	C	0.93%
NXPI	D	0.92%
EBAY	D	0.92%
DVN	F	0.92%
SBAC	D	0.91%
ROST	D	0.91%
CL	D	0.9%
LMT	D	0.9%
ZTS	D	0.89%
GEHC	D	0.88%
WSM	C	0.86%
A	D	0.86%
AMAT	F	0.85%
ABBV	F	0.84%
LRCX	F	0.83%
MCHP	F	0.83%
SWKS	F	0.83%
MRK	D	0.82%
KLAC	F	0.79%
LLY	F	0.78%
CDW	F	0.78%
TER	F	0.78%
MPWR	F	0.64%
CE	F	0.54%

ROE Underweight 87 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%
VIRT	A	-1.07%
TCMD	B	-1.07%
BBW	C	-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%
WLDN	C	-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%
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%
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%
UGI	C	-0.9%
SAIC	F	-0.89%
ESEA	D	-0.87%
BCRX	D	-0.87%
PTGX	D	-0.86%
MELI	C	-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%
PLUS	F	-0.77%
CRUS	D	-0.77%
NEM	D	-0.73%
ASC	F	-0.64%
OSCR	D	-0.63%
ATNI	F	-0.62%
ANGI	F	-0.59%