LSAF vs. KVLE ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to KFA Value Line Dynamic Core Equity Index ETF (KVLE)

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

$43.22

Average Daily Volume

11,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KVLE

KFA Value Line Dynamic Core Equity Index ETF

KVLE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity securities index, the Value Line®Dynamic Core Equity Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. It may invest up to 20% of its assets in instruments that are not included in the underlying index, but that Fund's adviser, Krane Funds Advisors, LLC, believes will help the fund track the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.66

Average Daily Volume

3,745

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	KVLE
30 Days	3.33%	1.62%
60 Days	6.17%	5.05%
90 Days	8.22%	6.80%
12 Months	32.92%	27.39%

8 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in KVLE	Overlap
AAPL	C	0.91%	5.13%	0.91%
AFL	B	0.93%	0.36%	0.36%
CMI	A	1.03%	0.89%	0.89%
GS	A	1.13%	1.8%	1.13%
LMT	D	0.92%	1.27%	0.92%
MO	A	1.0%	1.88%	1.0%
PSX	C	0.92%	0.86%	0.86%
WSO	A	1.02%	0.87%	0.87%

LSAF Overweight 91 Positions Relative to KVLE

Symbol	Grade	Weight
EXEL	B	1.3%
TRGP	A	1.25%
SYF	B	1.23%
FTNT	C	1.2%
GM	C	1.2%
AAON	B	1.19%
EXPE	B	1.16%
NTNX	B	1.15%
UNM	A	1.14%
FICO	B	1.14%
AMP	A	1.13%
BKNG	A	1.12%
FI	A	1.12%
LOPE	C	1.12%
VST	A	1.12%
CPAY	A	1.12%
OWL	A	1.11%
PLNT	A	1.1%
TMUS	B	1.09%
EQH	C	1.09%
STLD	B	1.08%
MAR	A	1.08%
PRI	B	1.07%
LNW	F	1.07%
UTHR	C	1.06%
JBL	C	1.05%
DUOL	A	1.05%
GOOGL	C	1.04%
FOXA	A	1.04%
GEN	B	1.04%
RS	B	1.04%
IT	C	1.03%
PSN	D	1.03%
KBR	F	1.03%
SAIC	F	1.03%
HLT	A	1.02%
ORLY	B	1.01%
MUSA	B	1.01%
WRB	A	1.01%
GWRE	A	1.01%
EXP	B	1.01%
RL	C	1.01%
ORI	A	1.0%
AXP	A	1.0%
FIS	C	0.99%
BR	A	0.99%
AMG	B	0.98%
LPX	B	0.98%
EEFT	B	0.98%
WWD	C	0.97%
H	B	0.97%
PVH	C	0.96%
REG	A	0.96%
AIG	B	0.96%
COLM	C	0.95%
HIG	B	0.95%
CSL	C	0.95%
LOW	C	0.94%
MET	A	0.94%
THC	D	0.94%
SPB	C	0.94%
CAT	B	0.94%
AZO	C	0.94%
GPK	C	0.93%
TXT	D	0.93%
SNX	D	0.93%
MTG	C	0.92%
SPGI	C	0.92%
TOL	B	0.92%
CI	D	0.92%
DVA	C	0.91%
MPC	D	0.9%
EBAY	D	0.89%
COKE	C	0.89%
POST	C	0.89%
MAS	D	0.88%
HRB	D	0.88%
DD	C	0.87%
NVR	D	0.87%
BLDR	D	0.86%
AN	C	0.86%
PHM	D	0.84%
NSA	C	0.83%
MHK	D	0.83%
BLD	D	0.83%
LEN	D	0.83%
HCA	F	0.82%
FBIN	D	0.8%
MTD	F	0.79%
WMS	F	0.78%
CROX	D	0.66%

LSAF Underweight 78 Positions Relative to KVLE

Symbol	Grade	Weight
NVDA	B	-7.5%
MSFT	D	-5.68%
GOOG	C	-3.45%
AMZN	C	-3.18%
HD	B	-2.24%
META	D	-2.13%
CSCO	B	-1.93%
BMY	B	-1.86%
ADP	A	-1.69%
APH	A	-1.66%
APD	A	-1.66%
TXN	C	-1.65%
CMCSA	B	-1.6%
PAYX	B	-1.58%
PFE	F	-1.58%
GILD	C	-1.58%
FAST	B	-1.56%
DTM	A	-1.54%
WEC	A	-1.5%
CALM	A	-1.5%
PSA	C	-1.48%
VZ	C	-1.48%
KMB	C	-1.42%
TROW	B	-1.35%
MMS	F	-1.34%
UPS	C	-1.32%
HESM	B	-1.19%
ABBV	F	-1.18%
DOW	F	-1.18%
WU	F	-1.17%
IBM	C	-1.16%
JPM	A	-1.13%
PKG	A	-1.11%
CVX	A	-1.02%
LLY	F	-0.99%
MRK	D	-0.98%
ETR	B	-0.94%
FLO	D	-0.88%
PG	C	-0.87%
UNP	C	-0.87%
ED	C	-0.86%
SPG	A	-0.85%
AMGN	F	-0.82%
MS	A	-0.75%
PEG	A	-0.67%
CAG	F	-0.65%
AEP	C	-0.64%
EPD	A	-0.62%
RHI	C	-0.6%
SNA	A	-0.6%
MCD	D	-0.59%
UGI	C	-0.58%
VIRT	A	-0.57%
OGS	A	-0.56%
MSM	C	-0.55%
CME	B	-0.46%
CL	D	-0.45%
JNJ	C	-0.45%
ALL	A	-0.44%
TMO	F	-0.39%
NFLX	A	-0.35%
OKE	A	-0.33%
MCK	A	-0.31%
KO	D	-0.31%
NTAP	C	-0.29%
PM	B	-0.28%
POWL	C	-0.27%
DKS	D	-0.25%
RF	A	-0.25%
SR	A	-0.24%
RTX	D	-0.23%
ORCL	A	-0.18%
DUK	C	-0.17%
GD	D	-0.14%
GIS	D	-0.14%
CFG	B	-0.13%
CVS	D	-0.1%
APP	B	-0.1%