VOE vs. LSAF ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$167.29

Average Daily Volume

232,915

Number of Holdings ^*

184

* 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

$41.38

Average Daily Volume

13,785

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VOE	LSAF
30 Days	3.45%	4.35%
60 Days	6.30%	5.57%
90 Days	11.75%	9.54%
12 Months	30.36%	30.76%

24 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in LSAF	Overlap
AIG	D	0.58%	0.92%	0.58%
AMP	B	1.01%	0.99%	0.99%
DD	B	0.71%	0.95%	0.71%
DOV	B	0.58%	0.97%	0.58%
EBAY	B	0.67%	1.08%	0.67%
HIG	B	0.77%	1.06%	0.77%
LDOS	A	0.24%	0.98%	0.24%
LEN	B	0.07%	1.18%	0.07%
LEN	B	0.97%	1.18%	0.97%
LNG	D	0.45%	0.95%	0.45%
MAS	B	0.39%	1.15%	0.39%
MKL	C	0.22%	0.93%	0.22%
NUE	D	0.82%	0.86%	0.82%
NVR	B	0.31%	1.14%	0.31%
OMC	B	0.44%	1.07%	0.44%
OTIS	B	0.86%	0.92%	0.86%
PFG	B	0.43%	0.99%	0.43%
PHM	B	0.62%	1.21%	0.62%
STLD	C	0.2%	0.85%	0.2%
SYF	C	0.45%	1.01%	0.45%
TXT	D	0.39%	0.94%	0.39%
URI	B	1.11%	1.14%	1.11%
VST	B	0.33%	1.0%	0.33%
WAB	B	0.67%	1.03%	0.67%

VOE Overweight 160 Positions Relative to LSAF

Symbol	Grade	Weight
AJG	D	1.44%
CARR	B	1.4%
NEM	C	1.39%
DHI	C	1.26%
OKE	C	1.21%
PCG	C	1.16%
PCAR	D	1.13%
ALL	C	1.12%
DLR	B	1.1%
FIS	C	1.03%
LHX	C	1.01%
PRU	C	0.98%
CMI	B	0.96%
KVUE	B	0.95%
CNC	D	0.95%
GIS	B	0.92%
PEG	B	0.91%
ACGL	B	0.91%
EA	D	0.91%
CTVA	B	0.89%
CTSH	B	0.87%
EXC	B	0.86%
DOW	C	0.85%
GEHC	B	0.83%
CBRE	B	0.8%
VICI	C	0.79%
ED	B	0.79%
BKR	C	0.79%
KR	B	0.78%
DFS	C	0.78%
XEL	B	0.77%
HPQ	C	0.76%
NDAQ	C	0.75%
IRM	C	0.75%
EIX	B	0.75%
GLW	B	0.73%
AVB	C	0.72%
PPG	C	0.69%
ADM	D	0.68%
CDW	D	0.68%
BIIB	F	0.67%
WTW	B	0.67%
FITB	B	0.66%
WEC	B	0.66%
MTB	C	0.65%
GPN	D	0.64%
AWK	C	0.63%
WMB	C	0.63%
GRMN	D	0.63%
DAL	C	0.62%
CAH	C	0.62%
GEV	B	0.62%
KEYS	B	0.61%
EQR	C	0.61%
IFF	A	0.6%
FTV	C	0.59%
LYB	D	0.58%
ETR	A	0.58%
SPG	B	0.58%
VTR	C	0.57%
HPE	C	0.57%
STT	B	0.56%
NTAP	D	0.56%
JCI	B	0.55%
FE	B	0.54%
PPL	A	0.53%
ES	B	0.53%
TROW	C	0.53%
ZBH	F	0.53%
DTE	A	0.52%
K	A	0.5%
WY	C	0.5%
RJF	C	0.5%
CBOE	C	0.49%
HBAN	B	0.49%
AEE	B	0.49%
WDC	C	0.48%
CINF	C	0.48%
RF	B	0.48%
ARE	C	0.47%
CMS	B	0.46%
KMI	C	0.46%
BALL	C	0.45%
GPC	D	0.45%
MKC	C	0.45%
BAX	C	0.44%
ESS	C	0.44%
SYY	C	0.44%
BBY	A	0.44%
CLX	C	0.44%
J	A	0.43%
MAA	C	0.43%
HOLX	D	0.43%
IR	B	0.42%
CFG	D	0.42%
PKG	B	0.42%
DRI	C	0.42%
DG	F	0.41%
TSN	D	0.41%
AVTR	C	0.4%
SWKS	F	0.4%
NTRS	C	0.4%
ZBRA	B	0.4%
AVY	C	0.4%
WRB	D	0.39%
LUV	C	0.39%
EXPD	B	0.39%
DGX	B	0.39%
CNP	C	0.39%
DLTR	F	0.39%
D	C	0.38%
IP	C	0.38%
EG	B	0.38%
SSNC	C	0.36%
KEY	C	0.36%
L	D	0.35%
WBD	D	0.35%
ROK	D	0.35%
SWK	B	0.35%
CAG	B	0.34%
LNT	A	0.34%
SNA	B	0.34%
CF	B	0.34%
FNF	B	0.34%
UAL	B	0.33%
NWSA	D	0.32%
CE	D	0.32%
VTRS	D	0.32%
WPC	C	0.3%
HAL	F	0.28%
STE	B	0.27%
FOXA	B	0.26%
RPRX	C	0.25%
HUBB	B	0.24%
CPB	C	0.22%
HRL	F	0.22%
TRU	B	0.21%
MGM	D	0.2%
DOC	B	0.18%
MRO	D	0.18%
ZM	C	0.18%
UDR	C	0.17%
NI	B	0.17%
AKAM	D	0.17%
TRMB	C	0.16%
CRBG	C	0.16%
EVRG	B	0.15%
AES	C	0.14%
HST	D	0.14%
BEN	F	0.14%
WBA	F	0.14%
SJM	C	0.13%
FOX	B	0.06%
AGR	C	0.06%
WLK	C	0.06%
EDR	A	0.04%
RKT	C	0.03%
SIRI	C	0.01%
NWS	D	0.0%
LSXMK	D	0.0%

VOE Underweight 74 Positions Relative to LSAF

Symbol	Grade	Weight
APP	C	-1.37%
EXP	B	-1.23%
TOL	A	-1.22%
UHS	C	-1.17%
THC	C	-1.16%
FFIV	B	-1.15%
HCA	B	-1.13%
ALSN	B	-1.11%
MTG	B	-1.1%
AFL	A	-1.1%
SPGI	C	-1.08%
RTX	B	-1.08%
CPAY	B	-1.07%
DVA	B	-1.07%
AXP	B	-1.07%
USFD	C	-1.07%
AWI	B	-1.07%
ORI	B	-1.06%
AMG	C	-1.06%
GWW	B	-1.05%
SAIC	C	-1.05%
MET	B	-1.05%
CAT	B	-1.04%
UNM	B	-1.03%
AN	C	-1.03%
LAMR	B	-1.02%
UTHR	B	-1.01%
META	B	-1.0%
DE	A	-1.0%
PRI	B	-1.0%
SPB	B	-1.0%
CI	C	-0.99%
WSO	C	-0.99%
SLM	C	-0.98%
CSL	B	-0.98%
AAPL	C	-0.98%
V	C	-0.98%
VRT	C	-0.98%
GM	C	-0.97%
KEX	C	-0.97%
RL	B	-0.97%
NRG	B	-0.96%
HLT	B	-0.95%
NFLX	B	-0.95%
MUSA	D	-0.95%
EQH	C	-0.95%
H	B	-0.94%
OC	C	-0.94%
AOS	B	-0.94%
SNX	C	-0.94%
HOOD	C	-0.93%
JBL	C	-0.93%
AZO	B	-0.93%
BKNG	B	-0.92%
FDX	D	-0.92%
MAR	B	-0.91%
CRUS	D	-0.9%
VRSK	D	-0.9%
VVV	D	-0.89%
COP	F	-0.88%
COTY	D	-0.87%
MPC	F	-0.87%
ADBE	F	-0.87%
PSX	F	-0.86%
PVH	D	-0.85%
DECK	C	-0.85%
CNM	F	-0.84%
GOOGL	D	-0.81%
VLO	F	-0.81%
MCK	F	-0.79%
ABNB	D	-0.78%
OVV	F	-0.78%
BBWI	D	-0.7%
LRCX	D	-0.67%