LSAF vs. LSEQ ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to Harbor Long-Short Equity ETF (LSEQ)

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

LSEQ

Harbor Long-Short Equity ETF

LSEQ Description

Under normal market circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in long and short positions in equity securities. The fund advisor seeks to achieve the fund's investment objective by establishing long and/or short positions in equity securities.

Grade (RS Rating)

Last Trade

$29.07

Average Daily Volume

569

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	LSEQ
30 Days	3.33%	3.94%
60 Days	6.17%	6.12%
90 Days	8.22%	6.93%
12 Months	32.92%

22 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in LSEQ	Overlap
AAPL	C	0.91%	0.65%	0.65%
BKNG	A	1.12%	1.39%	1.12%
DUOL	A	1.05%	0.72%	0.72%
EBAY	D	0.89%	0.69%	0.69%
EXEL	B	1.3%	1.49%	1.3%
EXP	B	1.01%	0.77%	0.77%
FICO	B	1.14%	0.88%	0.88%
FTNT	C	1.2%	0.81%	0.81%
GWRE	A	1.01%	0.82%	0.82%
HCA	F	0.82%	0.73%	0.73%
HLT	A	1.02%	0.86%	0.86%
HRB	D	0.88%	0.65%	0.65%
IT	C	1.03%	0.8%	0.8%
LOW	C	0.94%	0.71%	0.71%
LPX	B	0.98%	0.76%	0.76%
MUSA	B	1.01%	1.16%	1.01%
NTNX	B	1.15%	0.75%	0.75%
THC	D	0.94%	1.07%	0.94%
TMUS	B	1.09%	1.49%	1.09%
TRGP	A	1.25%	0.93%	0.93%
UTHR	C	1.06%	0.68%	0.68%
VST	A	1.12%	0.73%	0.73%

LSAF Overweight 77 Positions Relative to LSEQ

Symbol	Grade	Weight
SYF	B	1.23%
GM	C	1.2%
AAON	B	1.19%
EXPE	B	1.16%
UNM	A	1.14%
AMP	A	1.13%
GS	A	1.13%
FI	A	1.12%
LOPE	C	1.12%
CPAY	A	1.12%
OWL	A	1.11%
PLNT	A	1.1%
EQH	C	1.09%
STLD	B	1.08%
MAR	A	1.08%
PRI	B	1.07%
LNW	F	1.07%
JBL	C	1.05%
GOOGL	C	1.04%
FOXA	A	1.04%
GEN	B	1.04%
RS	B	1.04%
PSN	D	1.03%
CMI	A	1.03%
KBR	F	1.03%
SAIC	F	1.03%
WSO	A	1.02%
ORLY	B	1.01%
WRB	A	1.01%
RL	C	1.01%
ORI	A	1.0%
AXP	A	1.0%
MO	A	1.0%
FIS	C	0.99%
BR	A	0.99%
AMG	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%
MET	A	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%
AFL	B	0.93%
PSX	C	0.92%
LMT	D	0.92%
MTG	C	0.92%
SPGI	C	0.92%
TOL	B	0.92%
CI	D	0.92%
DVA	C	0.91%
MPC	D	0.9%
COKE	C	0.89%
POST	C	0.89%
MAS	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%
FBIN	D	0.8%
MTD	F	0.79%
WMS	F	0.78%
CROX	D	0.66%

LSAF Underweight 132 Positions Relative to LSEQ

Symbol	Grade	Weight
APP	B	-3.65%
PLTR	B	-2.91%
CVNA	B	-2.27%
AAL	B	-2.23%
VSCO	C	-1.95%
CASY	A	-1.91%
KSS	F	-1.89%
CCL	A	-1.89%
HPE	B	-1.85%
WMT	A	-1.84%
USFD	A	-1.82%
COST	A	-1.77%
DOCS	C	-1.75%
CPNG	D	-1.66%
RGLD	C	-1.66%
PLTK	B	-1.55%
AXTA	B	-1.54%
OGN	F	-1.54%
BSX	A	-1.52%
SPOT	B	-1.46%
DECK	A	-1.45%
ANET	C	-1.39%
DOCU	B	-1.38%
R	B	-1.37%
PFE	F	-1.26%
MTCH	D	-1.22%
PRGO	C	-1.21%
ZBRA	B	-1.19%
RCL	A	-1.19%
GDDY	A	-1.19%
JWN	D	-1.15%
KEX	B	-1.13%
LIN	C	-1.11%
LLY	F	-1.11%
MSI	B	-1.09%
KMI	A	-1.08%
WSM	C	-1.02%
PKG	A	-1.01%
RPM	A	-0.99%
FTI	A	-0.97%
T	A	-0.96%
META	D	-0.95%
PEGA	B	-0.94%
NTAP	C	-0.92%
TJX	A	-0.92%
EHC	B	-0.91%
TXRH	B	-0.91%
NOW	A	-0.9%
ECL	D	-0.88%
MANH	D	-0.88%
AM	A	-0.88%
DASH	B	-0.87%
COR	B	-0.86%
DTM	A	-0.86%
UBER	F	-0.86%
OKE	A	-0.84%
WMB	A	-0.83%
NFLX	A	-0.83%
FFIV	B	-0.78%
AMCR	C	-0.77%
UAL	A	-0.77%
ISRG	A	-0.76%
GLW	B	-0.76%
TYL	B	-0.76%
ZM	C	-0.73%
GMED	A	-0.72%
NTRA	A	-0.72%
ATR	B	-0.72%
ROST	D	-0.72%
CAH	B	-0.7%
COHR	B	-0.7%
INCY	C	-0.69%
PFGC	B	-0.69%
TKO	A	-0.69%
PANW	B	-0.69%
SHW	B	-0.68%
TTD	B	-0.67%
JAZZ	B	-0.67%
BURL	B	-0.67%
BMY	B	-0.67%
RBLX	C	-0.67%
SO	C	-0.67%
SYK	B	-0.66%
ITCI	C	-0.65%
DELL	B	-0.64%
NI	A	-0.64%
RMD	C	-0.63%
ILMN	C	-0.63%
SMAR	B	-0.61%
NRG	B	-0.61%
OMC	C	-0.57%
SMG	C	-0.57%
AMGN	F	-0.54%
IFF	D	-0.54%
ALNY	D	-0.52%
ABBV	F	-0.52%
CEG	C	-0.52%
BFAM	D	-0.49%
SMCI	F	--1.15%
IDXX	F	--1.41%
SLB	C	--1.48%
WDAY	B	--1.49%
CIVI	D	--1.5%
CHRD	D	--1.53%
AAP	D	--1.55%
SNOW	B	--1.59%
ACHC	F	--1.61%
CABO	B	--1.62%
ALB	B	--1.65%
DG	F	--1.73%
APA	D	--1.74%
MEDP	D	--1.79%
SNPS	B	--1.79%
LITE	B	--1.79%
DLTR	F	--1.82%
FANG	C	--1.83%
MSFT	D	--1.86%
U	C	--1.89%
DXCM	C	--1.89%
WFRD	D	--1.91%
MTN	C	--1.93%
GO	C	--1.94%
WING	D	--1.98%
AMZN	C	--1.99%
TXG	F	--2.0%
DV	C	--2.05%
CAR	C	--2.13%
WBA	F	--2.17%
MCK	A	--2.19%
FIVN	C	--2.29%
NFE	D	--2.39%
OVV	B	--2.47%