FDLS vs. ROE ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to Astoria US Quality Kings ETF (ROE)

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

$33.21

Average Daily Volume

12,458

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$31.78

Average Daily Volume

14,421

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	ROE
30 Days	5.65%	2.77%
60 Days	11.77%	7.80%
90 Days	12.09%	10.03%
12 Months	31.77%	39.00%

11 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in ROE	Overlap
CAT	B	1.04%	1.0%	1.0%
DHI	D	0.82%	0.89%	0.82%
EME	B	1.1%	1.05%	1.05%
FSLR	F	0.76%	0.8%	0.76%
GEN	B	1.04%	1.09%	1.04%
PGR	B	0.96%	0.97%	0.96%
PHM	D	0.85%	0.92%	0.85%
QCOM	C	0.94%	0.98%	0.94%
RMD	B	0.96%	1.0%	0.96%
THC	B	0.96%	0.95%	0.95%
WRB	B	0.98%	1.02%	0.98%

FDLS Overweight 87 Positions Relative to ROE

Symbol	Grade	Weight
POWL	B	1.68%
TDS	B	1.3%
SFM	A	1.28%
CEIX	B	1.25%
DOCU	A	1.24%
DAL	B	1.21%
TILE	A	1.21%
IBKR	B	1.19%
STLD	B	1.18%
HQY	A	1.18%
NECB	A	1.17%
TRGP	A	1.16%
PPC	B	1.16%
OPRA	B	1.16%
NTNX	B	1.14%
ACIW	B	1.14%
GRMN	B	1.14%
TCBX	B	1.14%
VNET	C	1.13%
MNDY	A	1.1%
BKR	B	1.1%
FIX	A	1.1%
HWM	B	1.09%
ITRI	A	1.09%
QCRH	B	1.08%
BBW	C	1.08%
BFH	B	1.08%
DECK	B	1.07%
EHC	B	1.07%
TSM	B	1.07%
CVLT	A	1.06%
SMWB	A	1.06%
QNST	C	1.05%
HNST	B	1.05%
FCNCA	B	1.05%
CPRX	B	1.04%
CTAS	A	1.04%
HSTM	A	1.04%
SAIC	B	1.04%
VIRC	C	1.03%
CSTL	B	1.03%
TCMD	B	1.03%
LGTY	B	1.02%
OSPN	B	1.01%
WLDN	C	1.0%
CBT	B	1.0%
MPLX	B	1.0%
VIRT	A	1.0%
WWD	B	1.0%
PTGX	C	0.98%
RNR	B	0.97%
BMI	C	0.97%
ADMA	B	0.96%
RGA	B	0.96%
FANG	D	0.95%
PNW	B	0.95%
LII	A	0.95%
APPF	D	0.94%
BELFB	B	0.94%
PLUS	C	0.93%
CHWY	C	0.93%
OFG	C	0.92%
UGI	D	0.92%
GFF	C	0.92%
VITL	F	0.91%
FRST	C	0.91%
FRBA	C	0.9%
WES	D	0.9%
TSN	D	0.9%
BCRX	C	0.89%
DVA	D	0.88%
EGY	F	0.88%
MGIC	F	0.88%
ANGI	D	0.87%
HY	F	0.85%
ESEA	D	0.85%
NOMD	D	0.84%
UHS	D	0.83%
BG	F	0.82%
MELI	D	0.8%
NEM	D	0.8%
MG	F	0.8%
CRUS	F	0.78%
EVER	F	0.78%
ASC	F	0.68%
ATNI	F	0.68%
OSCR	F	0.55%

FDLS Underweight 88 Positions Relative to ROE

Symbol	Grade	Weight
APP	B	-1.33%
ETR	B	-1.21%
APO	B	-1.16%
SYF	B	-1.13%
VST	B	-1.12%
TMUS	A	-1.12%
NVDA	B	-1.12%
AMP	B	-1.12%
LYV	B	-1.11%
PM	C	-1.11%
GWW	A	-1.1%
MO	B	-1.08%
NFLX	A	-1.07%
CMCSA	B	-1.07%
CSCO	A	-1.06%
V	B	-1.06%
ABBV	B	-1.06%
PANW	A	-1.06%
GOOGL	B	-1.06%
TRV	B	-1.05%
MCK	B	-1.05%
RPM	B	-1.04%
URI	B	-1.04%
APH	B	-1.03%
ACN	C	-1.03%
ORCL	A	-1.03%
NRG	B	-1.03%
CHTR	B	-1.03%
ANET	C	-1.02%
ON	D	-1.02%
MSI	A	-1.02%
META	B	-1.02%
TROW	B	-1.02%
COR	B	-1.02%
ITW	B	-1.02%
LOW	B	-1.01%
SYY	C	-1.01%
AAPL	B	-1.01%
HD	B	-1.01%
SPG	A	-1.01%
NXPI	D	-1.01%
JNJ	D	-1.0%
DOV	B	-1.0%
JBL	C	-1.0%
TXN	A	-1.0%
OMC	B	-1.0%
YUM	C	-0.99%
CTSH	B	-0.99%
ALL	B	-0.99%
CAH	B	-0.99%
TJX	C	-0.98%
DPZ	C	-0.98%
CSL	C	-0.98%
CB	D	-0.98%
KMB	D	-0.97%
CE	F	-0.97%
SBAC	D	-0.97%
EOG	B	-0.97%
VICI	D	-0.97%
TGT	F	-0.97%
AFL	D	-0.97%
NTAP	C	-0.96%
MSFT	C	-0.96%
HIG	C	-0.96%
MCHP	F	-0.96%
VZ	D	-0.96%
LMT	D	-0.96%
GEHC	D	-0.96%
IBM	D	-0.95%
DVN	F	-0.95%
VLO	D	-0.94%
ZTS	F	-0.94%
AMAT	D	-0.94%
EG	D	-0.94%
ROST	D	-0.93%
A	D	-0.92%
LLY	D	-0.92%
CL	F	-0.92%
ADBE	F	-0.92%
SWKS	F	-0.9%
LRCX	D	-0.9%
MRK	F	-0.9%
WSM	F	-0.89%
EBAY	D	-0.89%
KLAC	F	-0.88%
MPWR	F	-0.85%
CDW	F	-0.85%
TER	F	-0.83%