FDLS vs. QQEW ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

$33.92

Average Daily Volume

11,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW 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 NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	QQEW
30 Days	8.72%	4.45%
60 Days	8.68%	5.07%
90 Days	8.22%	5.05%
12 Months	26.97%	20.64%

5 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in QQEW	Overlap
BKR	B	1.12%	1.15%	1.12%
CTAS	B	1.04%	1.02%	1.02%
FANG	D	0.96%	0.97%	0.96%
MELI	D	0.85%	0.86%	0.85%
QCOM	F	0.9%	0.93%	0.9%

FDLS Overweight 93 Positions Relative to QQEW

Symbol	Grade	Weight
HNST	B	1.64%
POWL	C	1.51%
SMWB	B	1.32%
DAL	C	1.31%
DOCU	A	1.31%
SFM	A	1.3%
IBKR	A	1.28%
TILE	B	1.27%
TDS	B	1.24%
CEIX	A	1.22%
NECB	B	1.21%
OPRA	A	1.19%
TCBX	A	1.19%
TRGP	B	1.19%
HQY	B	1.17%
GRMN	B	1.16%
NTNX	A	1.16%
PPC	C	1.13%
HWM	A	1.12%
QCRH	A	1.12%
FIX	A	1.11%
STLD	B	1.11%
DECK	A	1.11%
EME	C	1.09%
VIRT	B	1.07%
TCMD	A	1.07%
BBW	B	1.07%
GEN	B	1.07%
ACIW	B	1.07%
EHC	B	1.06%
FCNCA	A	1.06%
GFF	A	1.06%
ITRI	B	1.06%
HSTM	B	1.06%
CVLT	B	1.06%
BFH	B	1.03%
TSM	B	1.02%
VNET	B	1.02%
OSPN	A	1.02%
LGTY	D	1.01%
RGA	A	1.01%
MPLX	A	1.0%
TSN	B	1.0%
CAT	B	1.0%
WLDN	D	0.99%
WRB	A	0.99%
QNST	B	0.99%
ADMA	B	0.99%
WWD	B	0.99%
CHWY	B	0.99%
PNW	B	0.98%
VIRC	B	0.98%
CPRX	C	0.98%
PGR	A	0.98%
BMI	B	0.97%
APPF	B	0.97%
LII	A	0.96%
CSTL	D	0.96%
MGIC	F	0.96%
RNR	C	0.95%
CBT	C	0.95%
THC	D	0.94%
MNDY	C	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
DVA	B	0.91%
FRBA	C	0.9%
BELFB	C	0.9%
RMD	C	0.9%
UGI	A	0.9%
SAIC	F	0.89%
ESEA	D	0.87%
BCRX	D	0.87%
PTGX	C	0.86%
PHM	D	0.85%
EGY	D	0.84%
BG	F	0.84%
VITL	D	0.83%
HY	D	0.82%
UHS	D	0.81%
NOMD	D	0.81%
MG	D	0.8%
EVER	F	0.8%
DHI	D	0.8%
PLUS	F	0.77%
CRUS	D	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	F	0.64%
OSCR	D	0.63%
ATNI	F	0.62%
ANGI	D	0.59%

FDLS Underweight 96 Positions Relative to QQEW

Symbol	Grade	Weight
TEAM	A	-1.47%
TSLA	B	-1.25%
LULU	C	-1.21%
NVDA	C	-1.21%
DASH	A	-1.19%
MRVL	B	-1.18%
FTNT	C	-1.18%
TTWO	A	-1.17%
BKNG	A	-1.17%
ZS	C	-1.16%
CHTR	C	-1.15%
NFLX	A	-1.15%
WBD	C	-1.15%
TMUS	B	-1.14%
EA	A	-1.13%
PCAR	B	-1.12%
ODFL	B	-1.11%
MAR	B	-1.11%
PANW	C	-1.11%
FAST	B	-1.11%
DDOG	A	-1.1%
INTC	D	-1.1%
ADSK	A	-1.1%
CRWD	B	-1.1%
TTD	B	-1.1%
HON	B	-1.09%
PDD	F	-1.08%
CSCO	B	-1.07%
CPRT	A	-1.07%
PYPL	B	-1.07%
AMZN	C	-1.06%
ORLY	B	-1.06%
ISRG	A	-1.06%
CDNS	B	-1.06%
MU	D	-1.05%
ADP	B	-1.05%
MNST	C	-1.05%
WDAY	B	-1.05%
PAYX	C	-1.05%
GILD	C	-1.05%
VRSK	A	-1.04%
SNPS	B	-1.04%
CMCSA	B	-1.04%
ILMN	D	-1.04%
GFS	C	-1.04%
INTU	C	-1.04%
XEL	A	-1.03%
DXCM	D	-1.02%
ANSS	B	-1.02%
CTSH	B	-1.02%
MDB	C	-1.01%
VRTX	F	-1.0%
META	D	-0.99%
SBUX	A	-0.99%
COST	B	-0.98%
CSX	B	-0.98%
ABNB	C	-0.98%
ROP	B	-0.97%
TXN	C	-0.97%
ADBE	C	-0.97%
AVGO	D	-0.96%
AAPL	C	-0.96%
MSFT	F	-0.94%
ARM	D	-0.94%
PEP	F	-0.93%
NXPI	D	-0.93%
LRCX	F	-0.93%
AMAT	F	-0.93%
CSGP	D	-0.93%
CCEP	C	-0.93%
LIN	D	-0.92%
ON	D	-0.92%
EXC	C	-0.91%
ADI	D	-0.9%
ROST	C	-0.89%
DLTR	F	-0.88%
AEP	D	-0.88%
GEHC	F	-0.88%
KHC	F	-0.87%
KDP	D	-0.86%
MDLZ	F	-0.85%
CEG	D	-0.85%
AMD	F	-0.85%
ASML	F	-0.84%
AMGN	D	-0.84%
KLAC	D	-0.82%
MCHP	D	-0.82%
AZN	D	-0.8%
IDXX	F	-0.8%
BIIB	F	-0.79%
CDW	F	-0.77%
REGN	F	-0.66%
MRNA	F	-0.58%
GOOGL	C	-0.52%
GOOG	C	-0.52%
SMCI	F	-0.38%