ROE vs. HELO ETF Comparison

Comparison of Astoria US Quality Kings ETF (ROE) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

$31.78

Average Daily Volume

13,670

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	ROE	HELO
30 Days	3.50%	1.57%
60 Days	4.18%	3.39%
90 Days	4.70%	4.59%
12 Months	32.06%	20.91%

37 Overlapping Holdings

Symbol	Grade	Weight in ROE	Weight in HELO	Overlap
AAPL	C	0.98%	6.83%	0.98%
ABBV	D	0.84%	1.14%	0.84%
ACN	C	1.02%	0.21%	0.21%
ADBE	C	0.93%	0.18%	0.18%
AMP	A	1.2%	0.2%	0.2%
ANET	C	0.94%	0.15%	0.15%
CHTR	C	1.17%	0.25%	0.25%
CMCSA	B	1.02%	0.71%	0.71%
CTSH	B	0.99%	0.49%	0.49%
EOG	A	1.05%	0.47%	0.47%
GOOGL	C	1.05%	2.09%	1.05%
JNJ	D	0.94%	0.51%	0.51%
LLY	F	0.78%	1.07%	0.78%
LOW	D	1.01%	0.99%	0.99%
LRCX	F	0.83%	0.37%	0.37%
MCK	B	1.25%	0.16%	0.16%
META	D	0.97%	2.9%	0.97%
MO	A	1.08%	0.15%	0.15%
MRK	F	0.82%	0.24%	0.24%
MSFT	F	0.95%	7.13%	0.95%
MSI	B	1.08%	0.17%	0.17%
NRG	B	1.03%	0.04%	0.04%
NVDA	C	1.14%	7.8%	1.14%
NXPI	D	0.92%	0.72%	0.72%
ORCL	B	1.1%	0.36%	0.36%
PGR	A	0.99%	0.75%	0.75%
PM	B	1.07%	0.32%	0.32%
ROST	C	0.91%	0.44%	0.44%
SBAC	D	0.91%	0.31%	0.31%
TGT	F	0.98%	0.14%	0.14%
TMUS	B	1.15%	0.17%	0.17%
TRV	B	1.08%	0.34%	0.34%
TXN	C	0.99%	0.87%	0.87%
URI	B	1.03%	0.13%	0.13%
V	A	1.11%	1.49%	1.11%
VST	B	1.27%	0.1%	0.1%
YUM	B	0.98%	0.5%	0.5%

ROE Overweight 62 Positions Relative to HELO

Symbol	Grade	Weight
APP	B	2.26%
APO	B	1.28%
SYF	B	1.27%
LYV	A	1.21%
NFLX	A	1.16%
EME	C	1.14%
ETR	B	1.13%
GWW	B	1.11%
PANW	C	1.1%
RPM	A	1.08%
TROW	B	1.07%
CSCO	B	1.07%
CAH	B	1.06%
GEN	B	1.06%
SPG	B	1.05%
WRB	A	1.05%
COR	B	1.05%
APH	A	1.04%
ALL	A	1.03%
DPZ	C	1.02%
HD	A	1.02%
DOV	A	1.02%
ITW	B	1.02%
AFL	B	1.01%
JBL	B	1.01%
TJX	A	1.0%
VLO	C	1.0%
HIG	B	0.99%
CSL	C	0.98%
CAT	B	0.98%
SYY	B	0.98%
CB	C	0.97%
QCOM	F	0.96%
NTAP	C	0.96%
KMB	D	0.95%
RMD	C	0.95%
EG	C	0.95%
VICI	C	0.94%
OMC	C	0.94%
IBM	C	0.93%
ON	D	0.93%
VZ	C	0.93%
EBAY	D	0.92%
DVN	F	0.92%
THC	D	0.91%
CL	D	0.9%
LMT	D	0.9%
ZTS	D	0.89%
GEHC	F	0.88%
PHM	D	0.88%
WSM	B	0.86%
A	D	0.86%
AMAT	F	0.85%
MCHP	D	0.83%
SWKS	F	0.83%
DHI	D	0.82%
KLAC	D	0.79%
CDW	F	0.78%
TER	D	0.78%
FSLR	F	0.77%
MPWR	F	0.64%
CE	F	0.54%

ROE Underweight 124 Positions Relative to HELO

Symbol	Grade	Weight
AMZN	C	-4.5%
MA	C	-1.72%
UNH	C	-1.62%
TSLA	B	-1.58%
BRK.A	B	-1.53%
GOOG	C	-1.46%
XOM	B	-1.43%
BAC	A	-1.26%
CRM	B	-1.15%
AVGO	D	-1.02%
WFC	A	-1.0%
HON	B	-0.98%
TT	A	-0.96%
NOW	A	-0.94%
TMO	F	-0.89%
SO	D	-0.84%
NEE	D	-0.83%
PEP	F	-0.83%
LIN	D	-0.82%
COP	C	-0.81%
MCD	D	-0.81%
SYK	C	-0.76%
BKNG	A	-0.75%
GS	A	-0.75%
ADI	D	-0.72%
MDLZ	F	-0.72%
BMY	B	-0.68%
DE	A	-0.68%
AZO	C	-0.65%
KO	D	-0.63%
HWM	A	-0.62%
VRTX	F	-0.6%
CME	A	-0.59%
UBER	D	-0.58%
MU	D	-0.57%
TFC	A	-0.56%
UPS	C	-0.54%
COST	B	-0.53%
BSX	B	-0.52%
TDG	D	-0.52%
FIS	C	-0.52%
INTU	C	-0.51%
CMG	B	-0.51%
PLD	D	-0.5%
OTIS	C	-0.5%
PCG	A	-0.5%
FITB	A	-0.48%
CPAY	A	-0.47%
CARR	D	-0.46%
MDT	D	-0.46%
REGN	F	-0.45%
AMD	F	-0.45%
DHR	F	-0.44%
AON	A	-0.44%
SCHW	B	-0.42%
STX	D	-0.41%
CSX	B	-0.41%
LDOS	C	-0.39%
DLR	B	-0.39%
VTR	C	-0.39%
ETN	A	-0.38%
HLT	A	-0.36%
DOW	F	-0.35%
RCL	A	-0.34%
CI	F	-0.34%
FDX	B	-0.33%
USB	A	-0.33%
MNST	C	-0.32%
FANG	D	-0.31%
DIS	B	-0.31%
MET	A	-0.3%
C	A	-0.3%
CHD	B	-0.3%
EXPE	B	-0.29%
TXT	D	-0.29%
WELL	A	-0.27%
KVUE	A	-0.26%
BKR	B	-0.24%
BURL	A	-0.24%
LYB	F	-0.23%
IR	B	-0.23%
DAL	C	-0.23%
MAS	D	-0.23%
PPG	F	-0.21%
AXP	A	-0.21%
BBY	D	-0.2%
KKR	A	-0.2%
ABT	B	-0.19%
ELS	C	-0.19%
CVX	A	-0.18%
HPE	B	-0.18%
PCAR	B	-0.18%
WDC	D	-0.18%
T	A	-0.18%
NOC	D	-0.17%
CDNS	B	-0.17%
UNP	C	-0.17%
MLM	B	-0.16%
HUM	C	-0.16%
LEN	D	-0.14%
PG	A	-0.14%
MMC	B	-0.14%
SQ	B	-0.14%
LULU	C	-0.13%
PFG	D	-0.13%
BIIB	F	-0.12%
FICO	B	-0.12%
NUE	C	-0.11%
HCA	F	-0.11%
DASH	A	-0.11%
CMS	C	-0.1%
APTV	D	-0.1%
WMG	C	-0.1%
NBIX	C	-0.08%
EQIX	A	-0.07%
SIRI	C	-0.07%
EQT	B	-0.06%
BAX	D	-0.06%
MRVL	B	-0.06%
AME	A	-0.06%
EL	F	-0.05%
BMRN	D	-0.03%
SRPT	D	-0.03%
LKQ	D	-0.02%