SOVF vs. LSAF ETF Comparison

Comparison of Sovereign's Capital Flourish Fund (SOVF) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

SOVF

Sovereign's Capital Flourish Fund

SOVF Description

The fund invests primarily in common stock of publicly traded U.S. companies that are selected by the fund's investment adviser. The Adviser employs an active management strategy in seeking to achieve the fund"s objective.

Grade (RS Rating)

Last Trade

$32.27

Average Daily Volume

12,200

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$43.22

Average Daily Volume

11,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOVF	LSAF
30 Days	5.98%	3.33%
60 Days	5.98%	6.17%
90 Days	5.25%	8.22%
12 Months	24.72%	32.92%

9 Overlapping Holdings

Symbol	Grade	Weight in SOVF	Weight in LSAF	Overlap
COKE	C	2.69%	0.89%	0.89%
COLM	C	1.35%	0.95%	0.95%
EEFT	B	1.87%	0.98%	0.98%
FI	A	2.55%	1.12%	1.12%
LOPE	C	2.69%	1.12%	1.12%
ORLY	B	0.48%	1.01%	0.48%
PRI	B	2.71%	1.07%	1.07%
SAIC	F	0.57%	1.03%	0.57%
SPB	C	0.47%	0.94%	0.47%

SOVF Overweight 70 Positions Relative to LSAF

Symbol	Grade	Weight
GSHD	A	3.58%
PAYC	B	2.85%
ALKT	B	2.83%
PCTY	C	2.72%
CBRE	B	2.63%
DAVA	C	2.5%
PGR	A	2.28%
AFG	A	2.28%
LCII	C	2.2%
AJG	A	2.01%
PX	A	2.0%
TSN	B	1.96%
FOLD	F	1.95%
RJF	A	1.82%
MOH	F	1.78%
PPC	C	1.67%
BIGC	B	1.62%
DIOD	D	1.57%
KFY	B	1.54%
NSP	F	1.47%
SBAC	D	1.46%
RPAY	D	1.42%
NHC	C	1.39%
BDX	F	1.31%
APG	B	1.29%
UPS	C	1.27%
FANG	C	1.24%
GEF	A	1.23%
CSCO	B	1.17%
SCHW	B	1.17%
QCOM	F	1.16%
DVN	F	1.1%
NEO	C	1.09%
ANET	C	1.08%
ITT	A	1.05%
BKH	A	1.04%
ADV	D	1.01%
LECO	C	1.01%
VRRM	F	1.0%
APA	D	1.0%
SITE	F	0.98%
AWK	C	0.91%
AMED	F	0.88%
USFD	A	0.85%
IEX	C	0.73%
PLOW	D	0.7%
INTC	C	0.69%
CSWI	B	0.68%
TFIN	B	0.62%
FAST	B	0.58%
SMCI	F	0.57%
WMT	A	0.56%
ADP	A	0.56%
JBHT	C	0.54%
HCSG	C	0.54%
RMD	C	0.52%
ERIE	D	0.52%
VRSN	C	0.5%
WCN	A	0.49%
HUBS	A	0.49%
CPT	B	0.49%
GGG	B	0.48%
AZZ	A	0.48%
CPRT	B	0.47%
SPTN	D	0.46%
JJSF	C	0.45%
SPSC	D	0.45%
KFRC	D	0.43%
NTAP	C	0.42%
OPCH	D	0.37%

SOVF Underweight 90 Positions Relative to LSAF

Symbol	Grade	Weight
EXEL	B	-1.3%
TRGP	A	-1.25%
SYF	B	-1.23%
FTNT	C	-1.2%
GM	C	-1.2%
AAON	B	-1.19%
EXPE	B	-1.16%
NTNX	B	-1.15%
UNM	A	-1.14%
FICO	B	-1.14%
AMP	A	-1.13%
GS	A	-1.13%
BKNG	A	-1.12%
VST	A	-1.12%
CPAY	A	-1.12%
OWL	A	-1.11%
PLNT	A	-1.1%
TMUS	B	-1.09%
EQH	C	-1.09%
STLD	B	-1.08%
MAR	A	-1.08%
LNW	F	-1.07%
UTHR	C	-1.06%
JBL	C	-1.05%
DUOL	A	-1.05%
GOOGL	C	-1.04%
FOXA	A	-1.04%
GEN	B	-1.04%
RS	B	-1.04%
IT	C	-1.03%
PSN	D	-1.03%
CMI	A	-1.03%
KBR	F	-1.03%
WSO	A	-1.02%
HLT	A	-1.02%
MUSA	B	-1.01%
WRB	A	-1.01%
GWRE	A	-1.01%
EXP	B	-1.01%
RL	C	-1.01%
ORI	A	-1.0%
AXP	A	-1.0%
MO	A	-1.0%
FIS	C	-0.99%
BR	A	-0.99%
AMG	B	-0.98%
LPX	B	-0.98%
WWD	C	-0.97%
H	B	-0.97%
PVH	C	-0.96%
REG	A	-0.96%
AIG	B	-0.96%
HIG	B	-0.95%
CSL	C	-0.95%
LOW	C	-0.94%
MET	A	-0.94%
THC	D	-0.94%
CAT	B	-0.94%
AZO	C	-0.94%
GPK	C	-0.93%
TXT	D	-0.93%
SNX	D	-0.93%
AFL	B	-0.93%
PSX	C	-0.92%
LMT	D	-0.92%
MTG	C	-0.92%
SPGI	C	-0.92%
TOL	B	-0.92%
CI	D	-0.92%
AAPL	C	-0.91%
DVA	C	-0.91%
MPC	D	-0.9%
EBAY	C	-0.89%
POST	C	-0.89%
MAS	D	-0.88%
HRB	D	-0.88%
DD	C	-0.87%
NVR	D	-0.87%
BLDR	D	-0.86%
AN	C	-0.86%
PHM	D	-0.84%
NSA	C	-0.83%
MHK	D	-0.83%
BLD	D	-0.83%
LEN	C	-0.83%
HCA	F	-0.82%
FBIN	F	-0.8%
MTD	F	-0.79%
WMS	F	-0.78%
CROX	D	-0.66%