SQLV vs. QABA ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$43.46

Average Daily Volume

786

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

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

$60.72

Average Daily Volume

14,871

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	QABA
30 Days	1.80%	8.76%
60 Days	5.36%	14.23%
90 Days	7.69%	18.53%
12 Months	19.99%	44.23%

15 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in QABA	Overlap
CASS	B	0.29%	0.3%	0.29%
CATY	A	0.76%	1.81%	0.76%
FISI	A	0.47%	0.21%	0.21%
HAFC	A	0.66%	0.37%	0.37%
IBOC	A	0.74%	2.17%	0.74%
MBWM	A	0.48%	0.38%	0.38%
MSBI	A	0.44%	0.28%	0.28%
NBN	A	0.52%	0.4%	0.4%
NECB	A	0.54%	0.2%	0.2%
OSBC	A	0.46%	0.4%	0.4%
PFBC	A	0.52%	0.62%	0.52%
PFC	A	0.25%	0.49%	0.25%
STBA	A	0.17%	0.79%	0.17%
THFF	A	0.45%	0.28%	0.28%
WTFC	A	0.55%	4.21%	0.55%

SQLV Overweight 242 Positions Relative to QABA

Symbol	Grade	Weight
BFH	A	1.13%
CALM	A	0.9%
CEIX	A	0.83%
VCTR	B	0.82%
CORT	B	0.82%
PAYO	A	0.81%
IDCC	A	0.78%
CAR	C	0.78%
DXC	C	0.77%
EBC	A	0.77%
POWL	C	0.75%
AX	A	0.75%
TGNA	B	0.75%
SLVM	B	0.75%
FDP	A	0.74%
BKE	A	0.74%
AGX	B	0.72%
LRN	A	0.71%
STRL	B	0.71%
BTU	B	0.7%
SANM	B	0.69%
SKYW	A	0.67%
CCSI	B	0.67%
APAM	A	0.66%
MD	B	0.66%
ALE	A	0.65%
PRG	A	0.65%
PBF	D	0.65%
KFY	B	0.63%
FHI	A	0.63%
WHD	B	0.62%
AMR	C	0.61%
WTTR	A	0.6%
LE	D	0.59%
NMIH	D	0.59%
TDOC	C	0.56%
OMCL	C	0.56%
PRDO	B	0.55%
PAHC	A	0.55%
LGND	B	0.55%
ANDE	C	0.55%
HUBG	A	0.55%
CRCT	F	0.54%
WS	B	0.53%
INVA	C	0.53%
ASO	F	0.53%
SCS	A	0.52%
NTGR	A	0.52%
NVST	C	0.52%
MCB	A	0.52%
PRGS	B	0.52%
EEFT	C	0.51%
CNXN	D	0.49%
PBH	A	0.49%
TEX	D	0.49%
ITGR	B	0.49%
BXC	B	0.48%
GIII	D	0.48%
TPC	C	0.48%
MCRI	A	0.47%
CIVB	A	0.47%
ADUS	D	0.46%
LMAT	A	0.46%
PLUS	F	0.46%
IRDM	C	0.46%
UNTY	A	0.46%
HAE	A	0.46%
DK	D	0.46%
IOSP	C	0.45%
BELFB	C	0.44%
CTS	B	0.44%
INSW	F	0.44%
AMCX	C	0.43%
RMR	F	0.43%
CVI	D	0.43%
SUPN	B	0.43%
EWCZ	D	0.42%
NTCT	B	0.42%
BHE	B	0.42%
DAKT	A	0.42%
RLGT	B	0.41%
IPGP	D	0.41%
ASTH	F	0.41%
CPRX	C	0.4%
DHIL	A	0.4%
HRMY	D	0.4%
ZD	B	0.4%
YELP	C	0.4%
EBF	D	0.39%
DVAX	C	0.39%
PKBK	A	0.39%
EVBN	A	0.39%
AVNS	F	0.38%
ATKR	C	0.38%
VCYT	B	0.38%
VSH	F	0.38%
WU	F	0.37%
TH	C	0.37%
AMPH	F	0.37%
WKC	C	0.37%
METC	C	0.37%
WOR	F	0.37%
RNGR	A	0.37%
HCKT	A	0.37%
ROCK	C	0.37%
LQDT	A	0.37%
ARRY	C	0.36%
NPK	B	0.36%
OLPX	D	0.36%
SGC	C	0.35%
REX	C	0.35%
HSTM	B	0.34%
TDC	F	0.34%
ATEN	A	0.34%
BSIG	A	0.34%
NX	C	0.33%
RES	F	0.33%
PLAB	D	0.33%
ACIC	B	0.33%
KFRC	D	0.33%
CRI	D	0.33%
DFIN	D	0.33%
PLPC	B	0.33%
JBSS	F	0.33%
CVEO	D	0.32%
EMBC	C	0.32%
FOR	F	0.32%
IART	C	0.31%
SMLR	B	0.31%
GNE	F	0.31%
COHU	D	0.31%
LGTY	B	0.3%
MPX	C	0.3%
MRVI	F	0.3%
MCFT	B	0.3%
RYI	B	0.3%
IRMD	B	0.3%
IMXI	B	0.3%
FLWS	D	0.3%
SPOK	B	0.29%
ACCO	B	0.29%
KRT	A	0.29%
USNA	C	0.29%
CHGG	D	0.29%
OMI	F	0.29%
WNC	C	0.29%
JELD	F	0.28%
SIGA	F	0.28%
COLL	F	0.28%
HBB	F	0.28%
WRLD	D	0.27%
PUMP	F	0.27%
CRVL	B	0.27%
PLXS	B	0.27%
VREX	C	0.27%
EE	A	0.27%
CLW	F	0.26%
NVEC	D	0.26%
NATR	B	0.26%
WINA	B	0.26%
ZIP	D	0.26%
ODP	F	0.26%
BTMD	D	0.25%
GIC	F	0.25%
PKE	B	0.25%
CTKB	C	0.25%
ANIP	D	0.25%
UTMD	D	0.24%
MNSB	D	0.24%
HOFT	C	0.24%
RGP	F	0.24%
TZOO	A	0.24%
MED	D	0.24%
ZEUS	C	0.24%
PARR	D	0.24%
ARCH	B	0.23%
TCMD	A	0.23%
CCRN	F	0.23%
ICUI	D	0.23%
EVC	B	0.22%
JILL	C	0.22%
MTUS	F	0.22%
CNS	B	0.22%
PBYI	D	0.21%
IIIN	C	0.21%
PETS	C	0.21%
MPAA	B	0.21%
LCUT	F	0.21%
SSTK	F	0.2%
CMT	F	0.2%
MDXG	A	0.2%
DBRG	D	0.2%
VRA	D	0.2%
OFLX	C	0.2%
PCRX	C	0.2%
ASRT	F	0.2%
STAA	F	0.2%
RCMT	C	0.19%
LFVN	B	0.19%
MYPS	C	0.19%
HBCP	A	0.19%
UVE	A	0.19%
MITK	C	0.19%
IRWD	D	0.18%
HTZ	C	0.18%
VIRC	C	0.18%
INTT	C	0.18%
ZYXI	D	0.18%
TGTX	B	0.18%
VPG	F	0.17%
JAKK	C	0.17%
RCKY	F	0.17%
HSII	B	0.17%
OSUR	F	0.16%
ACDC	D	0.16%
HCI	B	0.16%
BBW	B	0.16%
MGNI	A	0.16%
LXU	C	0.16%
ANGO	C	0.15%
ANIK	D	0.15%
SCSC	B	0.15%
EXTR	B	0.15%
DXLG	C	0.15%
NRC	F	0.15%
CCRD	A	0.15%
TWI	F	0.14%
CSPI	C	0.14%
BOX	B	0.14%
HWKN	C	0.14%
BLBD	F	0.13%
IMMR	F	0.13%
SD	F	0.13%
POWW	F	0.13%
CNMD	C	0.13%
THRY	F	0.12%
CVGI	F	0.12%
PAYS	F	0.12%
YOU	D	0.12%
LTRX	F	0.11%
SURG	F	0.1%
IPW	F	0.06%

SQLV Underweight 106 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	A	-4.4%
UMBF	A	-2.93%
FFIN	A	-2.9%
UBSI	A	-2.77%
OZK	A	-2.59%
HWC	A	-2.49%
BANF	A	-1.99%
TFSL	A	-1.93%
TCBI	A	-1.91%
FULT	A	-1.85%
FHB	A	-1.71%
FIBK	A	-1.69%
WSFS	A	-1.63%
SFNC	B	-1.52%
INDB	A	-1.51%
CVBF	A	-1.51%
WAFD	A	-1.46%
FFBC	A	-1.34%
PPBI	A	-1.33%
TOWN	A	-1.31%
TBBK	A	-1.31%
FRME	A	-1.24%
BANR	A	-1.24%
SBCF	A	-1.23%
TRMK	A	-1.16%
NBTB	A	-1.15%
TFIN	A	-1.1%
EFSC	A	-1.07%
SYBT	A	-1.06%
WSBC	A	-1.03%
CASH	A	-0.97%
CHCO	A	-0.95%
CLBK	B	-0.94%
FBNC	A	-0.92%
LKFN	A	-0.91%
NWBI	A	-0.91%
MBIN	D	-0.89%
SASR	A	-0.83%
HOPE	A	-0.8%
SRCE	A	-0.79%
VBTX	A	-0.79%
TCBK	A	-0.77%
QCRH	A	-0.74%
BUSE	A	-0.74%
WABC	A	-0.74%
GABC	A	-0.66%
RBCAA	A	-0.65%
DCOM	A	-0.64%
PEBO	A	-0.6%
OCFC	A	-0.58%
AMAL	B	-0.54%
BRKL	A	-0.53%
SBSI	B	-0.53%
BFC	B	-0.52%
BHRB	A	-0.51%
CNOB	A	-0.51%
CTBI	A	-0.51%
FMBH	A	-0.49%
CCB	A	-0.47%
HFWA	A	-0.45%
CFFN	A	-0.45%
UVSP	A	-0.44%
EGBN	A	-0.43%
FCBC	B	-0.42%
BFST	B	-0.42%
CFB	B	-0.41%
HBNC	A	-0.39%
ORRF	A	-0.38%
IBCP	A	-0.38%
GSBC	A	-0.37%
SMBC	A	-0.36%
TRST	A	-0.34%
FSBC	A	-0.34%
CAC	A	-0.34%
MOFG	A	-0.33%
PGC	A	-0.32%
SPFI	A	-0.32%
HTBK	A	-0.32%
HTBI	A	-0.32%
CCBG	A	-0.32%
WASH	A	-0.32%
HIFS	B	-0.31%
ESQ	B	-0.3%
HONE	A	-0.29%
CCNE	B	-0.29%
NFBK	A	-0.29%
FMNB	A	-0.28%
BCAL	A	-0.27%
AROW	A	-0.27%
KRNY	A	-0.26%
MPB	B	-0.26%
SHBI	A	-0.26%
FFIC	A	-0.25%
TCBX	A	-0.24%
EBTC	A	-0.23%
BSRR	B	-0.23%
CARE	B	-0.22%
RBB	A	-0.21%
BWB	B	-0.2%
BMRC	A	-0.2%
NRIM	A	-0.2%
NEWT	B	-0.18%
INBK	A	-0.17%
FRST	A	-0.15%
WSBF	B	-0.15%
FLIC	A	-0.15%