LSAF vs. DVAL ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to Dynamic US Large Cap Value ETF (DVAL)

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

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	DVAL
30 Days	5.32%	4.63%
60 Days	6.52%	5.94%
90 Days	9.24%	7.93%
12 Months	34.17%	28.10%

37 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in DVAL	Overlap
AMG	B	0.98%	0.4%	0.4%
AN	C	0.86%	0.62%	0.62%
AXP	A	1.0%	1.5%	1.0%
BLD	D	0.83%	0.2%	0.2%
BLDR	D	0.86%	1.86%	0.86%
CAT	B	0.94%	3.17%	0.94%
COKE	C	0.89%	0.22%	0.22%
CPAY	A	1.12%	0.6%	0.6%
CSL	C	0.95%	1.06%	0.95%
DVA	B	0.91%	0.31%	0.31%
EBAY	D	0.89%	0.78%	0.78%
EQH	B	1.09%	0.6%	0.6%
EXP	A	1.01%	0.22%	0.22%
EXPE	B	1.16%	0.66%	0.66%
FOXA	B	1.04%	0.51%	0.51%
GM	B	1.2%	3.32%	1.2%
GPK	C	0.93%	0.1%	0.1%
H	B	0.97%	0.18%	0.18%
JBL	B	1.05%	0.89%	0.89%
LMT	D	0.92%	4.4%	0.92%
MPC	D	0.9%	2.74%	0.9%
MTG	C	0.92%	0.45%	0.45%
MUSA	A	1.01%	0.29%	0.29%
NVR	D	0.87%	0.64%	0.64%
ORI	A	1.0%	0.65%	0.65%
PHM	D	0.84%	1.05%	0.84%
PSX	C	0.92%	0.71%	0.71%
PVH	C	0.96%	0.19%	0.19%
RL	B	1.01%	0.33%	0.33%
RS	B	1.04%	0.97%	0.97%
SAIC	F	1.03%	0.31%	0.31%
SNX	C	0.93%	0.18%	0.18%
STLD	B	1.08%	1.41%	1.08%
TMUS	B	1.09%	3.65%	1.09%
TOL	B	0.92%	0.31%	0.31%
TRGP	B	1.25%	0.37%	0.37%
TXT	D	0.93%	0.5%	0.5%

LSAF Overweight 62 Positions Relative to DVAL

Symbol	Grade	Weight
EXEL	B	1.3%
SYF	B	1.23%
FTNT	C	1.2%
AAON	B	1.19%
NTNX	A	1.15%
UNM	A	1.14%
FICO	B	1.14%
AMP	A	1.13%
GS	A	1.13%
BKNG	A	1.12%
FI	A	1.12%
LOPE	B	1.12%
VST	B	1.12%
OWL	A	1.11%
PLNT	A	1.1%
MAR	B	1.08%
PRI	A	1.07%
LNW	D	1.07%
UTHR	C	1.06%
DUOL	A	1.05%
GOOGL	C	1.04%
GEN	B	1.04%
IT	C	1.03%
PSN	D	1.03%
CMI	A	1.03%
KBR	F	1.03%
WSO	A	1.02%
HLT	A	1.02%
ORLY	B	1.01%
WRB	A	1.01%
GWRE	A	1.01%
MO	A	1.0%
FIS	C	0.99%
BR	A	0.99%
LPX	B	0.98%
EEFT	B	0.98%
WWD	B	0.97%
REG	B	0.96%
AIG	B	0.96%
COLM	B	0.95%
HIG	B	0.95%
LOW	D	0.94%
MET	A	0.94%
THC	D	0.94%
SPB	C	0.94%
AZO	C	0.94%
AFL	B	0.93%
SPGI	C	0.92%
CI	F	0.92%
AAPL	C	0.91%
POST	C	0.89%
MAS	D	0.88%
HRB	D	0.88%
DD	D	0.87%
NSA	D	0.83%
MHK	D	0.83%
LEN	D	0.83%
HCA	F	0.82%
FBIN	D	0.8%
MTD	D	0.79%
WMS	D	0.78%
CROX	D	0.66%

LSAF Underweight 73 Positions Relative to DVAL

Symbol	Grade	Weight
CMCSA	B	-4.34%
IBM	C	-4.21%
DE	A	-3.88%
HON	B	-3.53%
CSCO	B	-3.43%
COP	C	-3.1%
PYPL	B	-2.36%
CVX	A	-2.2%
JNJ	D	-1.56%
LYB	F	-1.44%
WMT	A	-1.37%
MMM	D	-1.33%
WMB	A	-1.32%
VLO	C	-1.26%
PCAR	B	-1.2%
NUE	C	-1.15%
EXPD	D	-1.04%
KHC	F	-0.98%
PG	A	-0.96%
GIS	D	-0.95%
SCI	B	-0.93%
OC	A	-0.9%
CF	B	-0.83%
NRG	B	-0.77%
MGM	D	-0.76%
CRBG	B	-0.74%
WFC	A	-0.71%
BG	F	-0.7%
BMY	B	-0.68%
DRI	B	-0.67%
MLM	B	-0.66%
IPG	D	-0.65%
MRO	B	-0.64%
AMGN	D	-0.63%
AFG	A	-0.58%
EOG	A	-0.53%
BERY	B	-0.52%
DIS	B	-0.52%
WH	B	-0.49%
EVR	B	-0.48%
ARMK	B	-0.47%
OMF	A	-0.45%
SYY	B	-0.45%
VZ	C	-0.43%
NXST	C	-0.42%
TRMB	B	-0.41%
FLEX	A	-0.4%
MRK	F	-0.35%
BC	C	-0.35%
KBH	D	-0.33%
R	B	-0.28%
DKS	C	-0.27%
BCC	B	-0.26%
RHI	B	-0.26%
AM	A	-0.25%
EMN	D	-0.23%
AOS	F	-0.23%
INGR	B	-0.17%
CBT	C	-0.17%
CNM	D	-0.17%
FANG	D	-0.15%
MDU	D	-0.14%
NEU	C	-0.14%
FMC	D	-0.13%
WEX	D	-0.13%
BYD	C	-0.13%
CHX	C	-0.1%
TPR	B	-0.09%
RDN	C	-0.08%
OMC	C	-0.05%
WSC	D	-0.04%
VOYA	B	-0.04%
WCC	B	-0.0%