FDLS vs. FNY ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to First Trust Mid Cap Growth AlphaDEX (FNY)

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.50

Average Daily Volume

11,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNY

First Trust Mid Cap Growth AlphaDEX

FNY Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Growth Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$85.99

Average Daily Volume

13,841

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	FNY
30 Days	6.43%	6.87%
60 Days	7.40%	8.79%
90 Days	6.89%	10.74%
12 Months	25.41%	41.52%

15 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in FNY	Overlap
ACIW	B	1.07%	0.76%	0.76%
APPF	B	0.97%	0.14%	0.14%
BMI	B	0.97%	0.55%	0.55%
CBT	D	0.95%	0.55%	0.55%
CRUS	D	0.77%	0.35%	0.35%
CVLT	B	1.06%	0.76%	0.76%
DOCU	B	1.31%	0.54%	0.54%
DVA	C	0.91%	0.68%	0.68%
EHC	B	1.06%	0.58%	0.58%
FIX	A	1.11%	0.82%	0.82%
IBKR	A	1.28%	0.74%	0.74%
ITRI	C	1.06%	0.77%	0.77%
NTNX	B	1.16%	0.16%	0.16%
SFM	A	1.3%	0.91%	0.91%
WWD	C	0.99%	0.42%	0.42%

FDLS Overweight 83 Positions Relative to FNY

Symbol	Grade	Weight
HNST	A	1.64%
POWL	C	1.51%
SMWB	A	1.32%
DAL	B	1.31%
TILE	B	1.27%
TDS	B	1.24%
CEIX	A	1.22%
NECB	C	1.21%
OPRA	B	1.19%
TCBX	B	1.19%
TRGP	A	1.19%
HQY	A	1.17%
GRMN	B	1.16%
PPC	C	1.13%
BKR	A	1.12%
HWM	A	1.12%
QCRH	B	1.12%
STLD	B	1.11%
DECK	A	1.11%
EME	A	1.09%
VIRT	A	1.07%
TCMD	B	1.07%
BBW	C	1.07%
GEN	B	1.07%
FCNCA	A	1.06%
GFF	A	1.06%
HSTM	B	1.06%
CTAS	B	1.04%
BFH	C	1.03%
TSM	B	1.02%
VNET	B	1.02%
OSPN	A	1.02%
LGTY	C	1.01%
RGA	A	1.01%
MPLX	A	1.0%
TSN	B	1.0%
CAT	B	1.0%
WLDN	C	0.99%
WRB	A	0.99%
QNST	B	0.99%
ADMA	B	0.99%
CHWY	B	0.99%
PNW	A	0.98%
VIRC	B	0.98%
CPRX	C	0.98%
PGR	A	0.98%
LII	A	0.96%
CSTL	D	0.96%
MGIC	D	0.96%
FANG	C	0.96%
RNR	C	0.95%
THC	D	0.94%
MNDY	C	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
FRBA	D	0.9%
BELFB	C	0.9%
RMD	C	0.9%
UGI	C	0.9%
QCOM	F	0.9%
SAIC	F	0.89%
ESEA	D	0.87%
BCRX	D	0.87%
PTGX	D	0.86%
MELI	C	0.85%
PHM	D	0.85%
EGY	D	0.84%
BG	D	0.84%
VITL	D	0.83%
HY	D	0.82%
UHS	D	0.81%
NOMD	D	0.81%
MG	D	0.8%
EVER	D	0.8%
DHI	F	0.8%
PLUS	F	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	F	0.64%
OSCR	D	0.63%
ATNI	F	0.62%
ANGI	F	0.59%

FDLS Underweight 199 Positions Relative to FNY

Symbol	Grade	Weight
AFRM	A	-1.08%
SOFI	B	-1.0%
AX	B	-0.9%
ALSN	B	-0.87%
QTWO	A	-0.86%
NTRA	A	-0.86%
PIPR	A	-0.84%
SFBS	C	-0.82%
CORT	B	-0.81%
RDNT	B	-0.81%
CRS	B	-0.8%
TOST	B	-0.8%
FOUR	A	-0.8%
HLNE	B	-0.8%
KTB	B	-0.79%
CSWI	B	-0.79%
DUOL	A	-0.77%
KNF	B	-0.76%
COHR	B	-0.76%
CW	C	-0.76%
MOG.A	B	-0.76%
EXEL	B	-0.75%
IOT	A	-0.73%
ENSG	C	-0.71%
EWBC	A	-0.71%
LTH	C	-0.7%
DY	D	-0.7%
AAON	B	-0.69%
AIT	B	-0.68%
MOD	A	-0.67%
EXLS	B	-0.66%
HLI	A	-0.66%
PEGA	B	-0.66%
HIMS	B	-0.65%
GMED	A	-0.65%
COKE	C	-0.65%
TPG	A	-0.65%
PSN	D	-0.64%
TXRH	B	-0.63%
CACI	D	-0.63%
FFIN	B	-0.63%
PODD	C	-0.63%
CRVL	B	-0.62%
TTEK	F	-0.62%
SLG	B	-0.62%
FRPT	A	-0.62%
RL	C	-0.61%
MMSI	A	-0.6%
GWRE	A	-0.6%
ATI	C	-0.6%
ITGR	B	-0.59%
AUR	C	-0.59%
KEX	B	-0.59%
EXP	B	-0.59%
ADC	A	-0.58%
ANF	F	-0.58%
ITT	A	-0.58%
BOOT	C	-0.57%
TKO	A	-0.57%
AVAV	C	-0.56%
BCO	F	-0.56%
CRDO	B	-0.56%
BFAM	D	-0.55%
FSS	B	-0.55%
EPRT	B	-0.55%
HRB	D	-0.54%
NCLH	B	-0.54%
PLNT	A	-0.51%
BRBR	A	-0.51%
AYI	B	-0.5%
KAI	B	-0.5%
IBOC	B	-0.5%
SMG	C	-0.49%
FLS	B	-0.49%
LNTH	D	-0.49%
BWXT	B	-0.49%
AWI	A	-0.49%
HOMB	A	-0.48%
PRI	B	-0.48%
ONB	C	-0.48%
WHD	B	-0.47%
S	B	-0.47%
IBP	D	-0.47%
PI	D	-0.46%
FFIV	B	-0.46%
SCI	B	-0.46%
ZETA	D	-0.46%
HASI	D	-0.45%
TW	A	-0.45%
RYAN	A	-0.45%
AXSM	B	-0.44%
BOX	B	-0.44%
CNS	B	-0.44%
CLH	C	-0.43%
BDC	C	-0.43%
DT	D	-0.42%
AZEK	A	-0.42%
HALO	F	-0.42%
DKS	D	-0.41%
OHI	C	-0.41%
SBRA	C	-0.41%
NYT	D	-0.4%
WYNN	C	-0.4%
ALLE	C	-0.4%
INSM	C	-0.39%
OLLI	D	-0.39%
RNA	C	-0.38%
DTM	A	-0.37%
VRNS	D	-0.37%
CFR	B	-0.35%
INSP	D	-0.35%
PCTY	C	-0.34%
RVMD	C	-0.34%
MTCH	D	-0.34%
CBSH	B	-0.34%
ESAB	C	-0.33%
GME	C	-0.33%
WING	D	-0.33%
RARE	F	-0.33%
WTM	A	-0.32%
ITCI	C	-0.32%
RLI	A	-0.32%
CWST	A	-0.31%
AXTA	B	-0.31%
RUN	F	-0.31%
MKTX	D	-0.3%
BRX	A	-0.3%
GKOS	B	-0.3%
MSGS	A	-0.3%
BCPC	B	-0.29%
KRG	B	-0.29%
REG	A	-0.29%
EEFT	B	-0.29%
CHDN	B	-0.29%
AES	F	-0.29%
TMDX	F	-0.29%
ORA	B	-0.29%
IRT	A	-0.29%
RHP	B	-0.29%
DBX	B	-0.29%
ATR	B	-0.29%
BLKB	B	-0.28%
BPMC	B	-0.28%
CTRE	C	-0.28%
KNSL	B	-0.28%
CROX	D	-0.28%
LAMR	C	-0.27%
GPK	C	-0.27%
GAP	C	-0.27%
CPT	B	-0.27%
CUBE	C	-0.26%
AGNC	C	-0.26%
EXPO	D	-0.24%
FCN	F	-0.24%
AOS	F	-0.23%
VRRM	F	-0.23%
FND	D	-0.23%
CLSK	C	-0.2%
PAYC	B	-0.19%
GTLS	A	-0.19%
LYFT	C	-0.19%
GH	B	-0.18%
OWL	A	-0.17%
MASI	B	-0.17%
DAY	B	-0.17%
KD	B	-0.17%
MARA	B	-0.16%
CHH	A	-0.16%
TRMB	B	-0.16%
LOPE	C	-0.16%
GATX	A	-0.16%
AM	A	-0.15%
ESI	B	-0.15%
DCI	B	-0.15%
RGLD	C	-0.15%
MORN	B	-0.15%
CRNX	C	-0.15%
MAIN	A	-0.15%
RBC	A	-0.15%
GOLF	B	-0.15%
IPAR	B	-0.14%
ROIV	C	-0.14%
NEU	D	-0.14%
UDR	B	-0.14%
CNM	D	-0.14%
H	B	-0.14%
LNW	F	-0.14%
NNN	C	-0.13%
ELAN	D	-0.13%
CHE	D	-0.13%
EGP	D	-0.13%
MEDP	D	-0.13%
SSD	F	-0.13%
FR	D	-0.13%
TECH	F	-0.12%
U	C	-0.11%
TDW	F	-0.1%
BRKR	D	-0.1%
LCID	F	-0.09%