RULE vs. LEAD ETF Comparison

Comparison of Adaptive Core ETF (RULE) to Realty Shares DIVCON Leaders Dividend ETF (LEAD)

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$21.75

Average Daily Volume

6,170

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LEAD

Realty Shares DIVCON Leaders Dividend ETF

LEAD Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Leaders Dividend Index. Under normal circumstances, at least 80% of the fund&#39;s assets will be invested in component securities of the benchmark index. The benchmark index is designed to capitalize on the theory that, over time, companies that consistently grow their dividends tend to have investment returns above the overall market. It is designed to select the companies that have the highest probability of increasing their dividend in a 12-month period. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.04

Average Daily Volume

1,370

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RULE	LEAD
30 Days	0.14%	-1.46%
60 Days	-1.13%	0.08%
90 Days	3.97%	5.97%
12 Months	19.48%	25.82%

3 Overlapping Holdings

Symbol	Grade	Weight in RULE	Weight in LEAD	Overlap
AON	A	2.93%	1.32%	1.32%
INTU	D	2.7%	1.31%	1.31%
VRSK	B	2.62%	2.15%	2.15%

RULE Overweight 33 Positions Relative to LEAD

Symbol	Grade	Weight
BIL	A	4.41%
JPST	B	4.39%
VEEV	B	3.43%
NOW	A	3.4%
ISRG	B	3.35%
CRM	A	3.3%
APO	B	3.11%
EQIX	B	3.1%
XLG	B	3.09%
SPHQ	C	3.09%
FCNCA	C	3.08%
ZS	C	2.97%
IWF	B	2.94%
SPGI	D	2.92%
CPAY	B	2.89%
BK	B	2.88%
CAH	B	2.88%
IRM	B	2.78%
HD	B	2.73%
RMD	A	2.72%
PGR	D	2.69%
URI	B	2.62%
NFLX	A	2.55%
IBM	C	2.54%
WMT	A	2.48%
REGN	F	2.48%
FTNT	B	2.41%
PAYX	B	2.24%
GPN	D	2.22%
VRT	B	2.22%
ADBE	F	1.93%
ARES	B	1.91%
BLDR	F	0.0%

RULE Underweight 54 Positions Relative to LEAD

Symbol	Grade	Weight
COST	D	-4.48%
AVGO	B	-3.78%
SNA	A	-3.05%
MPWR	F	-2.92%
CTAS	B	-2.88%
HUBB	B	-2.81%
GWW	A	-2.68%
MA	B	-2.51%
KLAC	F	-2.37%
MLM	A	-2.31%
V	A	-2.22%
MSCI	C	-2.21%
ACN	C	-2.14%
CDW	F	-2.09%
MCD	C	-2.0%
FDS	B	-1.93%
PHM	D	-1.79%
ETN	B	-1.75%
ODFL	A	-1.74%
MSI	B	-1.7%
CMI	B	-1.69%
BRO	B	-1.67%
ALLE	C	-1.63%
DHI	D	-1.59%
ADI	C	-1.57%
SHW	D	-1.53%
LMT	D	-1.5%
CB	C	-1.5%
AMAT	F	-1.49%
AAPL	C	-1.48%
FAST	A	-1.48%
MCO	D	-1.46%
PPG	F	-1.44%
LIN	C	-1.39%
CBOE	B	-1.37%
MSFT	D	-1.36%
CSCO	B	-1.35%
MMC	D	-1.32%
J	D	-1.31%
PG	D	-1.31%
BR	C	-1.3%
HON	B	-1.3%
ITW	A	-1.28%
NDSN	D	-1.23%
AOS	F	-1.2%
MPC	F	-1.16%
CMCSA	A	-1.15%
HSY	F	-1.14%
CME	B	-1.14%
MCHP	F	-1.13%
ROK	B	-1.12%
GL	C	-1.06%
LW	B	-0.91%
ALB	C	-0.88%