BPAY vs. LSAT ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$26.85

Average Daily Volume

205

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$43.01

Average Daily Volume

9,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	LSAT
30 Days	5.10%	4.46%
60 Days	7.31%	5.01%
90 Days	8.71%	6.08%
12 Months	31.95%	32.42%

0 Overlapping Holdings

	Symbol	Grade	Weight in BPAY	Weight in LSAT	Overlap

BPAY Overweight 22 Positions Relative to LSAT

Symbol	Grade	Weight
DFS	B	6.11%
COF	C	6.07%
SYF	B	6.05%
SCHW	B	5.15%
GPN	B	5.0%
PYPL	B	4.92%
FI	A	4.5%
WEX	D	3.25%
SQ	A	2.98%
FOUR	A	2.87%
AXP	A	2.62%
RPAY	D	2.53%
FIS	C	2.49%
PAYO	A	2.49%
AX	B	2.32%
NU	C	2.24%
LOB	C	1.6%
CCB	A	1.45%
MA	B	1.15%
HCI	C	1.15%
V	A	1.14%
BLND	A	1.02%

BPAY Underweight 30 Positions Relative to LSAT

Symbol	Grade	Weight
JEF	A	-3.91%
TNL	A	-3.82%
VST	A	-3.78%
FOX	A	-3.73%
BMY	B	-3.72%
MAR	A	-3.7%
PPC	C	-3.62%
SRE	A	-3.55%
HLT	A	-3.54%
LH	B	-3.5%
CMCSA	B	-3.41%
VLO	C	-3.39%
ADTN	A	-3.37%
NXST	C	-3.27%
SPB	C	-3.25%
TDC	D	-3.19%
MPC	D	-3.19%
DKS	F	-3.14%
MTG	C	-3.14%
EBAY	C	-3.12%
DINO	D	-3.12%
DE	B	-3.1%
JNJ	C	-3.08%
POST	C	-3.06%
DD	C	-3.06%
HRB	D	-3.03%
EXPD	C	-3.01%
NSA	C	-2.86%
ARW	D	-2.83%
CNC	D	-2.56%