LSAF vs. FXO ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to First Trust Financials AlphaDEX (FXO)

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

$40.20

Average Daily Volume

17,920

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO 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 StrataQuant(R) Financials 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 NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector 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

$50.97

Average Daily Volume

59,595

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	FXO
30 Days	2.71%	2.41%
60 Days	3.88%	4.53%
90 Days	5.80%	11.04%
12 Months	25.70%	32.90%

11 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in FXO	Overlap
AFL	B	1.18%	1.14%	1.14%
AIG	D	0.95%	1.18%	0.95%
AMG	C	1.03%	1.68%	1.03%
AMP	B	0.98%	0.96%	0.96%
EQH	C	0.93%	1.15%	0.93%
HIG	A	1.13%	1.08%	1.08%
MKL	C	0.95%	1.53%	0.95%
MTG	B	1.14%	1.79%	1.14%
ORI	A	1.1%	0.67%	0.67%
SLM	C	0.95%	0.6%	0.6%
UNM	B	1.04%	1.27%	1.04%

LSAF Overweight 86 Positions Relative to FXO

Symbol	Grade	Weight
PHM	B	1.18%
UHS	B	1.18%
TOL	B	1.18%
LEN	B	1.17%
RTX	C	1.16%
HCA	B	1.15%
MAS	B	1.15%
FFIV	A	1.14%
THC	B	1.14%
SPGI	B	1.14%
NVR	B	1.14%
ALSN	B	1.13%
EXP	B	1.12%
SAIC	C	1.12%
CPAY	B	1.12%
EBAY	B	1.09%
URI	B	1.08%
OMC	A	1.08%
MUSA	C	1.07%
DVA	B	1.07%
USFD	B	1.06%
GWW	B	1.06%
V	B	1.05%
UTHR	C	1.05%
CI	C	1.05%
AWI	B	1.05%
AXP	B	1.04%
PRI	B	1.04%
LDOS	C	1.03%
SPB	B	1.03%
MET	A	1.03%
AZO	D	1.02%
WAB	A	1.01%
LAMR	A	1.01%
APP	B	1.01%
ADBE	D	1.01%
CRUS	D	1.0%
DE	B	1.0%
AAPL	D	1.0%
VRSK	D	0.99%
LNG	D	0.99%
PFG	B	0.98%
DOV	B	0.98%
CAT	C	0.98%
NFLX	B	0.97%
RL	B	0.97%
SYF	C	0.97%
NRG	C	0.97%
AN	D	0.97%
TXT	D	0.97%
META	A	0.96%
DD	B	0.96%
GM	B	0.95%
WSO	C	0.95%
OTIS	D	0.94%
AOS	C	0.94%
CSL	C	0.94%
HLT	B	0.94%
BKNG	B	0.93%
SNX	D	0.93%
H	C	0.92%
FDX	C	0.92%
KEX	C	0.92%
JBL	D	0.91%
MPC	D	0.91%
MAR	C	0.9%
OC	C	0.89%
VVV	D	0.88%
DECK	C	0.88%
COP	D	0.88%
COTY	F	0.87%
VST	C	0.87%
PSX	D	0.87%
PVH	F	0.86%
VRT	C	0.86%
NUE	F	0.86%
HOOD	C	0.85%
MCK	F	0.84%
VLO	D	0.84%
STLD	D	0.82%
OVV	D	0.8%
GOOGL	D	0.79%
CNM	F	0.76%
ABNB	D	0.74%
LRCX	F	0.66%
BBWI	F	0.66%

LSAF Underweight 90 Positions Relative to FXO

Symbol	Grade	Weight
PGR	A	-1.88%
JEF	B	-1.81%
KKR	B	-1.79%
CINF	B	-1.79%
RNR	B	-1.78%
NU	B	-1.77%
BRK.A	C	-1.74%
ACGL	B	-1.71%
JHG	B	-1.67%
GS	D	-1.64%
AGO	C	-1.57%
EG	B	-1.56%
GL	C	-1.49%
APO	C	-1.49%
WTM	F	-1.48%
TROW	D	-1.43%
COLB	B	-1.42%
ALL	A	-1.39%
BRO	C	-1.37%
BPOP	C	-1.31%
MTB	B	-1.31%
RYAN	C	-1.31%
ALLY	F	-1.3%
HBAN	B	-1.29%
L	B	-1.25%
TPG	B	-1.23%
SEIC	B	-1.23%
FNB	D	-1.2%
WBS	C	-1.2%
MS	D	-1.19%
WAL	B	-1.18%
LPLA	D	-1.16%
OZK	D	-1.16%
LNC	D	-1.13%
OMF	C	-1.09%
AJG	C	-1.08%
CB	B	-1.06%
CMA	B	-1.05%
STT	A	-1.05%
BEN	F	-1.05%
TW	A	-1.03%
AXS	B	-1.02%
FCNCA	D	-1.02%
CNA	C	-1.02%
AGNC	A	-1.01%
EWBC	C	-1.0%
ZION	D	-0.98%
FHN	D	-0.92%
OWL	C	-0.91%
CRBG	D	-0.89%
C	D	-0.85%
VIRT	B	-0.83%
FAF	B	-0.72%
PB	B	-0.7%
AIZ	B	-0.69%
PNFP	B	-0.69%
BK	A	-0.69%
PNC	B	-0.68%
HLI	B	-0.67%
FITB	B	-0.67%
CFG	D	-0.66%
BOKF	B	-0.66%
USB	B	-0.66%
FHB	C	-0.65%
RF	B	-0.65%
ARES	B	-0.64%
WTFC	B	-0.62%
BAC	D	-0.58%
WFC	D	-0.52%
COIN	F	-0.44%
UWMC	C	-0.38%
CBOE	C	-0.37%
FNF	A	-0.36%
BX	B	-0.35%
KEY	B	-0.34%
MCO	A	-0.34%
TRV	B	-0.34%
MMC	C	-0.33%
WRB	C	-0.33%
XP	D	-0.32%
VOYA	A	-0.32%
AFG	B	-0.32%
SNV	C	-0.32%
RGA	B	-0.31%
MORN	C	-0.31%
NTRS	B	-0.31%
CFR	C	-0.31%
STWD	A	-0.31%
JPM	D	-0.3%
SCHW	D	-0.25%