DSTL vs. LSAF ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$58.85

Average Daily Volume

111,580

Number of Holdings ^*

* 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

$43.63

Average Daily Volume

11,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DSTL	LSAF
30 Days	3.53%	5.32%
60 Days	2.84%	6.52%
90 Days	4.59%	9.24%
12 Months	26.97%	34.17%

20 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in LSAF	Overlap
BKNG	A	1.61%	1.17%	1.17%
BLD	D	0.64%	0.84%	0.64%
BR	A	0.81%	1.0%	0.81%
CI	F	1.48%	0.9%	0.9%
CMI	A	0.96%	1.08%	0.96%
CPAY	A	0.92%	1.13%	0.92%
CROX	D	0.5%	0.67%	0.5%
FIS	C	0.88%	0.97%	0.88%
JBL	B	0.86%	1.03%	0.86%
LEN	D	0.83%	0.85%	0.83%
LMT	D	1.11%	0.88%	0.88%
LOW	D	1.31%	0.93%	0.93%
MAS	D	0.69%	0.88%	0.69%
MO	A	1.57%	1.04%	1.04%
NVR	D	0.74%	0.86%	0.74%
PHM	D	0.76%	0.84%	0.76%
TMUS	B	2.5%	1.08%	1.08%
TOL	B	0.78%	0.93%	0.78%
TXT	D	0.71%	0.9%	0.71%
WMS	D	0.59%	0.77%	0.59%

DSTL Overweight 78 Positions Relative to LSAF

Symbol	Grade	Weight
UNH	C	3.31%
JNJ	D	2.52%
ABBV	D	2.21%
CSCO	B	2.16%
CRM	B	1.98%
CMCSA	B	1.94%
AMGN	D	1.59%
MCK	B	1.46%
ABT	B	1.46%
QCOM	F	1.44%
BLK	C	1.38%
ADP	B	1.36%
HON	B	1.35%
EPD	A	1.21%
PYPL	B	1.2%
FDX	B	1.18%
PCAR	B	1.16%
MPLX	A	1.14%
AMAT	F	1.12%
ELV	F	1.1%
CME	A	1.03%
ABNB	C	1.02%
FANG	D	1.02%
PAYX	C	0.97%
AJG	B	0.96%
LRCX	F	0.96%
EA	A	0.95%
SW	A	0.95%
GD	F	0.95%
AME	A	0.92%
GDDY	A	0.92%
KR	B	0.91%
FIX	A	0.89%
WSM	B	0.87%
OC	A	0.87%
WAB	B	0.86%
CTSH	B	0.86%
PR	B	0.85%
PKG	A	0.84%
SYY	B	0.83%
EPAM	C	0.83%
JAZZ	B	0.82%
GMED	A	0.82%
ZM	B	0.81%
TDY	B	0.81%
USFD	A	0.8%
OMC	C	0.8%
NTAP	C	0.79%
DBX	B	0.78%
ON	D	0.78%
FFIV	B	0.78%
DGX	A	0.78%
LECO	B	0.76%
GIS	D	0.76%
SSNC	B	0.76%
CBOE	B	0.74%
HSY	F	0.74%
GGG	B	0.73%
HRL	D	0.72%
VRSN	F	0.72%
DRI	B	0.71%
ALLE	D	0.7%
DOX	D	0.7%
TPX	B	0.7%
LKQ	D	0.68%
AVY	D	0.66%
DKS	C	0.66%
EMN	D	0.66%
GPC	D	0.65%
SWKS	F	0.64%
MEDP	D	0.64%
ULTA	F	0.64%
WEX	D	0.62%
UHS	D	0.61%
AOS	F	0.6%
HII	D	0.53%
ICLR	D	0.53%
QRVO	F	0.45%

DSTL Underweight 79 Positions Relative to LSAF

Symbol	Grade	Weight
TRGP	B	-1.34%
VST	B	-1.32%
EXEL	B	-1.27%
SYF	B	-1.24%
UNM	A	-1.21%
OWL	A	-1.19%
AAON	B	-1.18%
EXPE	B	-1.17%
GM	B	-1.17%
PLNT	A	-1.16%
FI	A	-1.15%
DUOL	A	-1.15%
FTNT	C	-1.15%
AMP	A	-1.15%
NTNX	A	-1.14%
GS	A	-1.14%
FICO	B	-1.14%
STLD	B	-1.09%
LOPE	B	-1.08%
MAR	B	-1.08%
PRI	A	-1.06%
WSO	A	-1.05%
EQH	B	-1.05%
GWRE	A	-1.04%
RS	B	-1.04%
FOXA	B	-1.04%
WRB	A	-1.04%
AXP	A	-1.03%
HLT	A	-1.03%
MUSA	A	-1.02%
ORI	A	-1.02%
GEN	B	-1.02%
RL	B	-1.01%
EXP	A	-1.01%
AMG	B	-1.0%
LPX	B	-1.0%
EEFT	B	-1.0%
ORLY	B	-0.99%
LNW	D	-0.99%
REG	B	-0.98%
MET	A	-0.98%
AIG	B	-0.98%
HIG	B	-0.97%
H	B	-0.97%
IT	C	-0.97%
UTHR	C	-0.97%
WWD	B	-0.96%
GOOGL	C	-0.96%
PSX	C	-0.95%
AFL	B	-0.95%
DVA	B	-0.95%
CAT	B	-0.94%
SPGI	C	-0.94%
COLM	B	-0.93%
POST	C	-0.93%
MPC	D	-0.93%
PVH	C	-0.93%
AAPL	C	-0.93%
CSL	C	-0.93%
AZO	C	-0.92%
SNX	C	-0.92%
GPK	C	-0.92%
MTG	C	-0.92%
PSN	D	-0.91%
SPB	C	-0.9%
COKE	C	-0.9%
EBAY	D	-0.89%
AN	C	-0.89%
DD	D	-0.88%
NSA	D	-0.87%
KBR	F	-0.87%
SAIC	F	-0.85%
THC	D	-0.85%
BLDR	D	-0.85%
HRB	D	-0.84%
MHK	D	-0.81%
FBIN	D	-0.8%
HCA	F	-0.78%
MTD	D	-0.76%