LSAF vs. HELO ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	HELO
30 Days	5.32%	1.57%
60 Days	6.52%	3.39%
90 Days	9.24%	4.59%
12 Months	34.17%	20.91%

22 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in HELO	Overlap
AAPL	C	0.93%	6.83%	0.93%
AMP	A	1.15%	0.2%	0.2%
AXP	A	1.03%	0.21%	0.21%
AZO	C	0.92%	0.65%	0.65%
BKNG	A	1.17%	0.75%	0.75%
CI	F	0.9%	0.34%	0.34%
CPAY	A	1.13%	0.47%	0.47%
EXPE	B	1.17%	0.29%	0.29%
FICO	B	1.14%	0.12%	0.12%
FIS	C	0.97%	0.52%	0.52%
GOOGL	C	0.96%	2.09%	0.96%
GS	A	1.14%	0.75%	0.75%
HCA	F	0.78%	0.11%	0.11%
HLT	A	1.03%	0.36%	0.36%
LEN	D	0.85%	0.14%	0.14%
LOW	D	0.93%	0.99%	0.93%
MAS	D	0.88%	0.23%	0.23%
MET	A	0.98%	0.3%	0.3%
MO	A	1.04%	0.15%	0.15%
TMUS	B	1.08%	0.17%	0.17%
TXT	D	0.9%	0.29%	0.29%
VST	B	1.32%	0.1%	0.1%

LSAF Overweight 77 Positions Relative to HELO

Symbol	Grade	Weight
TRGP	B	1.34%
EXEL	B	1.27%
SYF	B	1.24%
UNM	A	1.21%
OWL	A	1.19%
AAON	B	1.18%
GM	B	1.17%
PLNT	A	1.16%
FI	A	1.15%
DUOL	A	1.15%
FTNT	C	1.15%
NTNX	A	1.14%
STLD	B	1.09%
LOPE	B	1.08%
CMI	A	1.08%
MAR	B	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%
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%
ORLY	B	0.99%
LNW	D	0.99%
REG	B	0.98%
AIG	B	0.98%
HIG	B	0.97%
H	B	0.97%
IT	C	0.97%
UTHR	C	0.97%
WWD	B	0.96%
PSX	C	0.95%
AFL	B	0.95%
DVA	B	0.95%
CAT	B	0.94%
SPGI	C	0.94%
COLM	B	0.93%
POST	C	0.93%
MPC	D	0.93%
PVH	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%
EBAY	D	0.89%
AN	C	0.89%
DD	D	0.88%
LMT	D	0.88%
NSA	D	0.87%
KBR	F	0.87%
NVR	D	0.86%
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%

LSAF Underweight 139 Positions Relative to HELO

Symbol	Grade	Weight
NVDA	C	-7.8%
MSFT	F	-7.13%
AMZN	C	-4.5%
META	D	-2.9%
MA	C	-1.72%
UNH	C	-1.62%
TSLA	B	-1.58%
BRK.A	B	-1.53%
V	A	-1.49%
GOOG	C	-1.46%
XOM	B	-1.43%
BAC	A	-1.26%
CRM	B	-1.15%
ABBV	D	-1.14%
LLY	F	-1.07%
AVGO	D	-1.02%
WFC	A	-1.0%
HON	B	-0.98%
TT	A	-0.96%
NOW	A	-0.94%
TMO	F	-0.89%
TXN	C	-0.87%
SO	D	-0.84%
NEE	D	-0.83%
PEP	F	-0.83%
LIN	D	-0.82%
COP	C	-0.81%
MCD	D	-0.81%
SYK	C	-0.76%
PGR	A	-0.75%
NXPI	D	-0.72%
ADI	D	-0.72%
MDLZ	F	-0.72%
CMCSA	B	-0.71%
BMY	B	-0.68%
DE	A	-0.68%
KO	D	-0.63%
HWM	A	-0.62%
VRTX	F	-0.6%
CME	A	-0.59%
UBER	D	-0.58%
MU	D	-0.57%
TFC	A	-0.56%
UPS	C	-0.54%
COST	B	-0.53%
BSX	B	-0.52%
TDG	D	-0.52%
INTU	C	-0.51%
CMG	B	-0.51%
JNJ	D	-0.51%
PLD	D	-0.5%
OTIS	C	-0.5%
PCG	A	-0.5%
YUM	B	-0.5%
CTSH	B	-0.49%
FITB	A	-0.48%
EOG	A	-0.47%
CARR	D	-0.46%
MDT	D	-0.46%
REGN	F	-0.45%
AMD	F	-0.45%
DHR	F	-0.44%
AON	A	-0.44%
ROST	C	-0.44%
SCHW	B	-0.42%
STX	D	-0.41%
CSX	B	-0.41%
LDOS	C	-0.39%
DLR	B	-0.39%
VTR	C	-0.39%
ETN	A	-0.38%
LRCX	F	-0.37%
ORCL	B	-0.36%
DOW	F	-0.35%
TRV	B	-0.34%
RCL	A	-0.34%
FDX	B	-0.33%
USB	A	-0.33%
PM	B	-0.32%
MNST	C	-0.32%
SBAC	D	-0.31%
FANG	D	-0.31%
DIS	B	-0.31%
C	A	-0.3%
CHD	B	-0.3%
WELL	A	-0.27%
KVUE	A	-0.26%
CHTR	C	-0.25%
BKR	B	-0.24%
BURL	A	-0.24%
MRK	F	-0.24%
LYB	F	-0.23%
IR	B	-0.23%
DAL	C	-0.23%
PPG	F	-0.21%
ACN	C	-0.21%
BBY	D	-0.2%
KKR	A	-0.2%
ABT	B	-0.19%
ELS	C	-0.19%
CVX	A	-0.18%
HPE	B	-0.18%
PCAR	B	-0.18%
ADBE	C	-0.18%
WDC	D	-0.18%
T	A	-0.18%
MSI	B	-0.17%
NOC	D	-0.17%
CDNS	B	-0.17%
UNP	C	-0.17%
MCK	B	-0.16%
MLM	B	-0.16%
HUM	C	-0.16%
ANET	C	-0.15%
PG	A	-0.14%
MMC	B	-0.14%
TGT	F	-0.14%
SQ	B	-0.14%
URI	B	-0.13%
LULU	C	-0.13%
PFG	D	-0.13%
BIIB	F	-0.12%
NUE	C	-0.11%
DASH	A	-0.11%
CMS	C	-0.1%
APTV	D	-0.1%
WMG	C	-0.1%
NBIX	C	-0.08%
EQIX	A	-0.07%
SIRI	C	-0.07%
EQT	B	-0.06%
BAX	D	-0.06%
MRVL	B	-0.06%
AME	A	-0.06%
EL	F	-0.05%
NRG	B	-0.04%
BMRN	D	-0.03%
SRPT	D	-0.03%
LKQ	D	-0.02%