CAMX vs. LSAT ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.02

Average Daily Volume

432

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

$42.11

Average Daily Volume

9,236

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	LSAT
30 Days	-0.23%	1.19%
60 Days	1.26%	3.26%
90 Days	3.13%	6.52%
12 Months	21.37%	30.37%

4 Overlapping Holdings

Symbol	Grade	Weight in CAMX	Weight in LSAT	Overlap
BMY	B	4.65%	3.72%	3.72%
CMCSA	B	4.29%	3.41%	3.41%
CNC	F	2.78%	2.56%	2.56%
LH	B	4.59%	3.5%	3.5%

CAMX Overweight 20 Positions Relative to LSAT

Symbol	Grade	Weight
DAL	A	6.92%
CME	A	5.18%
AL	A	5.05%
MDT	D	4.19%
GOOGL	B	4.11%
TXN	B	4.0%
ET	A	3.9%
PPG	D	3.63%
UNP	D	3.28%
DEO	F	3.25%
ELV	F	3.01%
ABNB	C	2.94%
UBER	F	2.86%
CVX	A	2.53%
CTVA	D	2.32%
EL	F	2.23%
GS	A	2.01%
WAT	B	1.96%
AXP	B	1.57%
AMAT	F	1.25%

CAMX Underweight 26 Positions Relative to LSAT

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