IWX vs. LSAF ETF Comparison

Comparison of iShares Russell Top 200 Value ETF (IWX) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* 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	IWX	LSAF
30 Days	2.62%	5.32%
60 Days	4.46%	6.52%
90 Days	6.64%	9.24%
12 Months	28.30%	34.17%

21 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in LSAF	Overlap
AIG	B	0.3%	0.98%	0.3%
AXP	A	0.61%	1.03%	0.61%
AZO	C	0.03%	0.92%	0.03%
BKNG	A	0.06%	1.17%	0.06%
CAT	B	0.97%	0.94%	0.94%
CI	F	0.49%	0.9%	0.49%
FI	A	0.5%	1.15%	0.5%
FTNT	C	0.07%	1.15%	0.07%
GM	B	0.38%	1.17%	0.38%
GS	A	0.83%	1.14%	0.83%
HCA	F	0.29%	0.78%	0.29%
LMT	D	0.47%	0.88%	0.47%
LOW	D	0.93%	0.93%	0.93%
MAR	B	0.38%	1.08%	0.38%
MET	A	0.3%	0.98%	0.3%
MO	A	0.58%	1.04%	0.58%
MPC	D	0.33%	0.93%	0.33%
ORLY	B	0.03%	0.99%	0.03%
PSX	C	0.33%	0.95%	0.33%
SPGI	C	0.95%	0.94%	0.94%
TMUS	B	0.69%	1.08%	0.69%

IWX Overweight 137 Positions Relative to LSAF

Symbol	Grade	Weight
BRK.A	B	5.18%
JPM	A	4.24%
XOM	B	3.23%
UNH	C	3.06%
JNJ	D	2.24%
WMT	A	2.2%
BAC	A	1.91%
PG	A	1.87%
CVX	A	1.68%
WFC	A	1.57%
CSCO	B	1.4%
ACN	C	1.34%
LIN	D	1.3%
DIS	B	1.27%
ABT	B	1.21%
PM	B	1.2%
MCD	D	1.19%
TMO	F	1.18%
IBM	C	1.13%
VZ	C	1.06%
ABBV	D	1.0%
CMCSA	B	0.99%
T	A	0.98%
TXN	C	0.97%
NEE	D	0.95%
RTX	C	0.95%
BLK	C	0.93%
GE	D	0.91%
DHR	F	0.9%
MS	A	0.88%
ETN	A	0.86%
PFE	D	0.85%
COP	C	0.79%
C	A	0.79%
BSX	B	0.77%
HON	B	0.76%
CB	C	0.7%
BMY	B	0.69%
MDT	D	0.68%
GILD	C	0.66%
SCHW	B	0.65%
MU	D	0.64%
PLD	D	0.63%
ADI	D	0.62%
KO	D	0.62%
INTC	D	0.62%
DE	A	0.61%
SYK	C	0.6%
UPS	C	0.59%
SO	D	0.58%
MMC	B	0.57%
PH	A	0.54%
GEV	B	0.54%
PYPL	B	0.53%
ICE	C	0.53%
MDLZ	F	0.52%
DUK	C	0.52%
PNC	B	0.5%
BA	F	0.49%
EQIX	A	0.49%
CME	A	0.49%
HD	A	0.49%
WELL	A	0.49%
EOG	A	0.47%
USB	A	0.47%
ELV	F	0.47%
GD	F	0.47%
AMD	F	0.45%
AON	A	0.45%
UNP	C	0.45%
REGN	F	0.44%
EMR	A	0.44%
APD	A	0.43%
KKR	A	0.43%
MRVL	B	0.42%
COF	B	0.42%
TGT	F	0.42%
CRH	A	0.41%
NOC	D	0.41%
CSX	B	0.41%
FDX	B	0.4%
CVS	D	0.4%
BDX	F	0.39%
CARR	D	0.38%
TT	A	0.37%
FCX	D	0.37%
SLB	C	0.37%
TFC	A	0.37%
NSC	B	0.36%
CEG	D	0.36%
TRV	B	0.36%
VRTX	F	0.36%
PCAR	B	0.35%
MMM	D	0.35%
ROP	B	0.35%
SRE	A	0.35%
JCI	C	0.34%
TDG	D	0.33%
TJX	A	0.33%
AEP	D	0.31%
ITW	B	0.3%
D	C	0.29%
PEP	F	0.28%
CRM	B	0.28%
NEM	D	0.28%
VLO	C	0.27%
MCK	B	0.27%
PSA	D	0.27%
MSI	B	0.26%
RSG	A	0.26%
F	C	0.26%
STZ	D	0.23%
CL	D	0.21%
APH	A	0.21%
NKE	D	0.21%
KDP	D	0.21%
EW	C	0.2%
OXY	D	0.2%
AMGN	D	0.2%
DELL	C	0.18%
KHC	F	0.17%
KMB	D	0.16%
SBUX	A	0.15%
PGR	A	0.14%
APO	B	0.13%
ZTS	D	0.08%
QCOM	F	0.07%
AMAT	F	0.07%
MRNA	F	0.07%
EL	F	0.06%
ECL	D	0.05%
SHW	A	0.05%
ADP	B	0.05%
MNST	C	0.04%
DASH	A	0.04%
CPRT	A	0.02%
CTAS	B	0.02%

IWX Underweight 78 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%
PLNT	A	-1.16%
DUOL	A	-1.15%
AMP	A	-1.15%
NTNX	A	-1.14%
FICO	B	-1.14%
CPAY	A	-1.13%
STLD	B	-1.09%
LOPE	B	-1.08%
CMI	A	-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%
HLT	A	-1.03%
JBL	B	-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%
BR	A	-1.0%
LNW	D	-0.99%
REG	B	-0.98%
HIG	B	-0.97%
H	B	-0.97%
FIS	C	-0.97%
IT	C	-0.97%
UTHR	C	-0.97%
WWD	B	-0.96%
GOOGL	C	-0.96%
AFL	B	-0.95%
DVA	B	-0.95%
COLM	B	-0.93%
POST	C	-0.93%
PVH	C	-0.93%
AAPL	C	-0.93%
TOL	B	-0.93%
CSL	C	-0.93%
SNX	C	-0.92%
GPK	C	-0.92%
MTG	C	-0.92%
PSN	D	-0.91%
SPB	C	-0.9%
COKE	C	-0.9%
TXT	D	-0.9%
EBAY	D	-0.89%
AN	C	-0.89%
MAS	D	-0.88%
DD	D	-0.88%
NSA	D	-0.87%
KBR	F	-0.87%
NVR	D	-0.86%
LEN	D	-0.85%
SAIC	F	-0.85%
THC	D	-0.85%
BLDR	D	-0.85%
BLD	D	-0.84%
HRB	D	-0.84%
PHM	D	-0.84%
MHK	D	-0.81%
FBIN	D	-0.8%
WMS	D	-0.77%
MTD	D	-0.76%
CROX	D	-0.67%