ULVM vs. LSAF ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$85.91

Average Daily Volume

2,584

Number of Holdings ^*

125

* 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	ULVM	LSAF
30 Days	5.01%	3.33%
60 Days	7.56%	6.17%
90 Days	9.10%	8.22%
12 Months	35.97%	32.92%

28 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in LSAF	Overlap
AIG	B	0.93%	0.96%	0.93%
AXP	A	0.91%	1.0%	0.91%
BLDR	D	0.42%	0.86%	0.42%
CI	D	0.88%	0.92%	0.88%
CSL	C	0.77%	0.95%	0.77%
DD	C	0.68%	0.87%	0.68%
EQH	C	0.93%	1.09%	0.93%
FI	A	1.36%	1.12%	1.12%
FOXA	A	1.04%	1.04%	1.04%
GM	C	0.76%	1.2%	0.76%
GOOGL	C	0.74%	1.04%	0.74%
GS	A	0.98%	1.13%	0.98%
HCA	F	0.7%	0.82%	0.7%
HIG	B	0.99%	0.95%	0.95%
LEN	D	0.55%	0.83%	0.55%
LMT	D	1.21%	0.92%	0.92%
MPC	D	0.58%	0.9%	0.58%
NVR	D	0.77%	0.87%	0.77%
PHM	D	0.59%	0.84%	0.59%
PSX	C	0.7%	0.92%	0.7%
STLD	B	0.78%	1.08%	0.78%
SYF	B	0.83%	1.23%	0.83%
THC	D	0.56%	0.94%	0.56%
TOL	B	0.54%	0.92%	0.54%
TRGP	A	1.22%	1.25%	1.22%
TXT	D	0.78%	0.93%	0.78%
UTHR	C	0.68%	1.06%	0.68%
VST	A	0.61%	1.12%	0.61%

ULVM Overweight 97 Positions Relative to LSAF

Symbol	Grade	Weight
KMI	A	1.42%
BRK.A	B	1.39%
L	A	1.28%
ETR	B	1.25%
BK	A	1.23%
WELL	A	1.2%
WMT	A	1.18%
BSX	A	1.18%
PEG	A	1.18%
GD	D	1.17%
DUK	C	1.16%
PKG	A	1.13%
LDOS	C	1.11%
T	A	1.07%
JPM	A	1.05%
WAB	B	1.05%
SSNC	B	1.03%
RTX	D	1.03%
KR	B	1.0%
AVB	B	0.99%
GDDY	A	0.98%
CTSH	B	0.97%
APP	B	0.95%
MCK	A	0.95%
COST	A	0.95%
WFC	A	0.94%
BAC	A	0.93%
COF	C	0.93%
DGX	A	0.92%
DAL	B	0.91%
MLM	C	0.9%
NWSA	A	0.9%
UAL	A	0.89%
VICI	C	0.89%
TSN	B	0.89%
ESS	B	0.88%
VZ	C	0.88%
RGA	A	0.87%
LYB	F	0.86%
SPG	A	0.86%
GRMN	B	0.85%
EXC	C	0.85%
WY	F	0.84%
KIM	A	0.84%
IBM	C	0.84%
KHC	F	0.83%
C	A	0.83%
DOW	F	0.82%
APH	A	0.82%
IR	B	0.81%
EME	A	0.79%
FITB	B	0.78%
CBRE	B	0.77%
IRM	C	0.77%
TFC	A	0.74%
IP	A	0.73%
KKR	A	0.72%
REGN	F	0.72%
OC	A	0.72%
VTRS	A	0.71%
ELV	F	0.71%
CASY	A	0.71%
FANG	C	0.7%
FCNCA	A	0.69%
PFE	F	0.68%
GE	D	0.67%
CFG	B	0.67%
CRBG	B	0.67%
HWM	A	0.64%
KEY	B	0.63%
VLO	C	0.62%
HPQ	B	0.6%
FDX	B	0.6%
HPE	B	0.59%
ARE	F	0.58%
MSTR	B	0.58%
NTAP	C	0.57%
URI	C	0.57%
CVS	D	0.56%
CNC	D	0.54%
META	D	0.53%
LLY	F	0.51%
ALLY	C	0.49%
VRT	B	0.49%
F	C	0.48%
DHI	F	0.47%
WDC	D	0.46%
ADM	D	0.44%
AVGO	D	0.43%
NVDA	B	0.42%
MU	D	0.41%
INTC	C	0.41%
SWKS	F	0.39%
WSM	C	0.39%
CVNA	B	0.38%
DELL	B	0.34%
MRNA	F	0.16%

ULVM Underweight 71 Positions Relative to LSAF

Symbol	Grade	Weight
EXEL	B	-1.3%
FTNT	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%
BKNG	A	-1.12%
LOPE	C	-1.12%
CPAY	A	-1.12%
OWL	A	-1.11%
PLNT	A	-1.1%
TMUS	B	-1.09%
MAR	A	-1.08%
PRI	B	-1.07%
LNW	F	-1.07%
JBL	C	-1.05%
DUOL	A	-1.05%
GEN	B	-1.04%
RS	B	-1.04%
IT	C	-1.03%
PSN	D	-1.03%
CMI	A	-1.03%
KBR	F	-1.03%
SAIC	F	-1.03%
WSO	A	-1.02%
HLT	A	-1.02%
ORLY	B	-1.01%
MUSA	B	-1.01%
WRB	A	-1.01%
GWRE	A	-1.01%
EXP	B	-1.01%
RL	C	-1.01%
ORI	A	-1.0%
MO	A	-1.0%
FIS	C	-0.99%
BR	A	-0.99%
AMG	B	-0.98%
LPX	B	-0.98%
EEFT	B	-0.98%
WWD	C	-0.97%
H	B	-0.97%
PVH	C	-0.96%
REG	A	-0.96%
COLM	C	-0.95%
LOW	C	-0.94%
MET	A	-0.94%
SPB	C	-0.94%
CAT	B	-0.94%
AZO	C	-0.94%
GPK	C	-0.93%
SNX	D	-0.93%
AFL	B	-0.93%
MTG	C	-0.92%
SPGI	C	-0.92%
AAPL	C	-0.91%
DVA	C	-0.91%
EBAY	D	-0.89%
COKE	C	-0.89%
POST	C	-0.89%
MAS	D	-0.88%
HRB	D	-0.88%
AN	C	-0.86%
NSA	C	-0.83%
MHK	D	-0.83%
BLD	D	-0.83%
FBIN	D	-0.8%
MTD	F	-0.79%
WMS	F	-0.78%
CROX	D	-0.66%