LSAF vs. MDYV ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

$41.50

Average Daily Volume

13,103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$79.28

Average Daily Volume

93,489

Number of Holdings ^*

285

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	MDYV
30 Days	6.02%	3.32%
60 Days	13.13%	9.58%
90 Days	10.68%	10.64%
12 Months	35.15%	28.25%

17 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in MDYV	Overlap
AMG	B	1.03%	0.37%	0.37%
AN	D	1.02%	0.33%	0.33%
CNM	F	0.84%	0.26%	0.26%
CRUS	D	0.87%	0.2%	0.2%
EQH	B	0.94%	0.45%	0.45%
KEX	C	0.93%	0.29%	0.29%
LAMR	C	1.02%	0.35%	0.35%
MTG	A	1.08%	0.29%	0.29%
ORI	A	1.04%	0.6%	0.6%
PVH	D	0.84%	0.39%	0.39%
SAIC	A	1.06%	0.33%	0.33%
SLM	B	0.98%	0.21%	0.21%
SNX	C	0.94%	0.63%	0.63%
THC	D	1.13%	1.12%	1.12%
UNM	A	1.04%	0.72%	0.72%
USFD	C	1.08%	1.08%	1.08%
UTHR	C	1.02%	0.63%	0.63%

LSAF Overweight 80 Positions Relative to MDYV

Symbol	Grade	Weight
APP	A	1.4%
VST	A	1.22%
TOL	C	1.19%
EXP	C	1.18%
FFIV	B	1.17%
UHS	D	1.17%
PHM	C	1.16%
ALSN	A	1.16%
URI	C	1.15%
MAS	C	1.14%
AFL	A	1.12%
NVR	C	1.12%
HCA	C	1.12%
LEN	C	1.11%
RTX	A	1.09%
CAT	A	1.08%
EBAY	A	1.08%
VRT	B	1.07%
DVA	C	1.06%
NRG	A	1.06%
JBL	C	1.06%
AXP	A	1.06%
WAB	A	1.05%
SPGI	C	1.05%
OMC	C	1.05%
AWI	A	1.05%
MET	A	1.05%
GWW	B	1.05%
HIG	A	1.05%
CPAY	A	1.04%
RL	B	1.03%
PRI	A	1.02%
DD	C	1.01%
DE	C	1.0%
SPB	C	1.0%
META	A	1.0%
CSL	A	0.99%
LDOS	A	0.99%
AMP	A	0.99%
PFG	A	0.99%
AOS	C	0.99%
OTIS	A	0.98%
WSO	C	0.98%
BKNG	B	0.97%
AAPL	C	0.97%
AZO	D	0.97%
HLT	A	0.97%
DOV	C	0.97%
SYF	A	0.96%
CI	D	0.95%
H	B	0.95%
NFLX	A	0.95%
MUSA	D	0.95%
LNG	A	0.93%
MAR	A	0.93%
V	B	0.93%
MKL	B	0.92%
HOOD	B	0.91%
TXT	F	0.91%
OC	C	0.91%
VVV	D	0.9%
AIG	C	0.9%
GM	D	0.9%
VRSK	D	0.89%
STLD	C	0.88%
COTY	F	0.87%
DECK	B	0.87%
NUE	D	0.86%
ADBE	F	0.85%
MPC	D	0.85%
PSX	D	0.84%
GOOGL	B	0.81%
FDX	F	0.81%
COP	D	0.81%
VLO	F	0.79%
ABNB	D	0.78%
BBWI	F	0.74%
MCK	F	0.74%
LRCX	D	0.72%
OVV	D	0.71%

LSAF Underweight 268 Positions Relative to MDYV

Symbol	Grade	Weight
ILMN	B	-1.47%
CHK	C	-1.2%
FNF	C	-1.14%
RGA	B	-1.02%
COHR	B	-0.97%
WPC	C	-0.96%
JLL	C	-0.9%
PFGC	A	-0.87%
BJ	B	-0.8%
RRX	B	-0.78%
AVTR	D	-0.72%
JEF	A	-0.72%
ARMK	C	-0.72%
AA	B	-0.72%
CNH	C	-0.7%
AFG	A	-0.7%
ALLY	F	-0.68%
SF	A	-0.68%
GPK	D	-0.64%
LAD	C	-0.61%
GME	D	-0.61%
KNX	D	-0.61%
AR	C	-0.6%
OGE	C	-0.59%
GMED	B	-0.57%
FHN	D	-0.57%
GLPI	C	-0.57%
FLR	B	-0.57%
FYBR	C	-0.56%
X	F	-0.56%
BERY	C	-0.55%
WBS	D	-0.55%
MTZ	A	-0.54%
ADC	C	-0.54%
ACM	A	-0.53%
WCC	D	-0.53%
TMHC	C	-0.52%
CACI	A	-0.51%
RPM	A	-0.51%
AAL	D	-0.51%
SSB	C	-0.51%
DINO	F	-0.51%
WTFC	B	-0.5%
ARW	C	-0.5%
PB	D	-0.48%
ZION	D	-0.48%
FAF	C	-0.48%
ESNT	A	-0.48%
VNO	B	-0.47%
BURL	C	-0.47%
SFM	A	-0.47%
XPO	F	-0.47%
FBIN	C	-0.47%
REXR	D	-0.47%
NOV	F	-0.46%
OSK	F	-0.46%
RNR	A	-0.46%
G	A	-0.46%
BIO	B	-0.46%
R	C	-0.45%
CMC	D	-0.45%
STWD	C	-0.45%
AGCO	D	-0.44%
SNV	D	-0.44%
OHI	C	-0.44%
IBKR	A	-0.44%
CCK	C	-0.43%
CLF	D	-0.43%
LEA	F	-0.43%
DAR	F	-0.42%
THO	C	-0.42%
BMRN	F	-0.42%
WHR	C	-0.42%
TPL	A	-0.41%
ONB	D	-0.41%
KRG	C	-0.41%
VMI	B	-0.41%
CADE	B	-0.4%
SCI	D	-0.4%
DKS	D	-0.4%
NNN	C	-0.4%
SRCL	B	-0.4%
INGR	B	-0.4%
POST	C	-0.39%
NFG	A	-0.39%
MDU	C	-0.39%
UGI	C	-0.38%
XRAY	D	-0.38%
COLB	C	-0.38%
EHC	C	-0.38%
ST	F	-0.38%
SON	D	-0.38%
THG	A	-0.38%
CUBE	C	-0.38%
KD	D	-0.37%
CIEN	A	-0.37%
NXST	D	-0.36%
GBCI	B	-0.36%
WTRG	D	-0.36%
EWBC	B	-0.36%
UBSI	D	-0.35%
HOMB	D	-0.35%
FNB	D	-0.35%
POR	D	-0.35%
BRX	C	-0.34%
AVT	B	-0.34%
ELS	D	-0.34%
KBR	A	-0.34%
CG	B	-0.34%
BDC	A	-0.34%
AMH	D	-0.34%
JHG	A	-0.34%
TKO	A	-0.33%
VOYA	A	-0.33%
TTC	F	-0.33%
NJR	C	-0.33%
GAP	F	-0.33%
SWX	C	-0.32%
CUZ	C	-0.32%
WAL	C	-0.32%
RGLD	C	-0.32%
FLO	D	-0.32%
UMBF	C	-0.32%
HOG	D	-0.32%
CW	A	-0.32%
AYI	A	-0.32%
IRT	D	-0.32%
AVNT	C	-0.32%
PII	D	-0.31%
SBRA	C	-0.31%
ATR	A	-0.31%
LITE	A	-0.3%
ASGN	D	-0.3%
OGS	C	-0.3%
ASH	F	-0.3%
PNFP	B	-0.3%
SLGN	B	-0.3%
BKH	C	-0.3%
M	D	-0.3%
CFR	B	-0.29%
KRC	C	-0.29%
ORA	C	-0.29%
SR	D	-0.28%
JAZZ	F	-0.28%
WU	D	-0.28%
CBSH	D	-0.28%
PNM	B	-0.28%
MIDD	D	-0.27%
VLY	C	-0.27%
BRBR	A	-0.27%
FLS	A	-0.27%
DCI	B	-0.27%
FR	D	-0.27%
CGNX	F	-0.27%
MKSI	F	-0.26%
CNO	B	-0.26%
MAT	B	-0.26%
KMPR	D	-0.26%
ALE	A	-0.26%
HQY	B	-0.25%
SEIC	B	-0.25%
MAN	D	-0.25%
PRGO	F	-0.25%
NWE	C	-0.25%
STAG	D	-0.25%
CHE	D	-0.25%
AMKR	F	-0.24%
OLN	D	-0.24%
NVST	D	-0.24%
IDA	D	-0.24%
EGP	D	-0.24%
CYTK	D	-0.24%
PCH	C	-0.23%
TCBI	B	-0.23%
TKR	B	-0.23%
PAG	D	-0.22%
ASB	D	-0.22%
KBH	D	-0.22%
NEOG	F	-0.22%
PBF	F	-0.22%
FHI	A	-0.21%
GATX	F	-0.21%
CC	D	-0.21%
BRKR	D	-0.21%
ALV	F	-0.2%
RH	C	-0.2%
EVR	C	-0.2%
GHC	A	-0.2%
MUR	F	-0.2%
FFIN	D	-0.2%
EXPO	A	-0.2%
DTM	A	-0.2%
CPRI	C	-0.19%
CVLT	B	-0.19%
NOVT	C	-0.19%
EXLS	B	-0.19%
RYN	C	-0.19%
BHF	D	-0.19%
CXT	F	-0.19%
DOCS	A	-0.19%
GNTX	D	-0.18%
GT	F	-0.18%
HXL	F	-0.18%
SIGI	D	-0.18%
ENOV	F	-0.17%
OPCH	F	-0.17%
SRPT	F	-0.17%
LPX	C	-0.17%
VAC	D	-0.17%
CRI	D	-0.17%
CNXC	F	-0.17%
MTN	D	-0.16%
RCM	B	-0.16%
ALGM	F	-0.16%
GXO	D	-0.16%
MASI	B	-0.16%
MTSI	B	-0.16%
ENS	B	-0.16%
SMG	C	-0.16%
RLI	A	-0.16%
HWC	D	-0.15%
VSH	F	-0.15%
WH	C	-0.15%
JWN	D	-0.15%
CDP	A	-0.15%
OZK	D	-0.15%
LSTR	F	-0.15%
BC	C	-0.15%
AM	A	-0.15%
ROIV	D	-0.14%
EEFT	F	-0.14%
ZI	F	-0.14%
LFUS	C	-0.14%
PPC	C	-0.14%
DLB	D	-0.14%
CHX	C	-0.14%
CBT	B	-0.14%
MSM	D	-0.13%
SYNA	F	-0.13%
POWI	F	-0.13%
IBOC	D	-0.13%
LANC	F	-0.13%
LIVN	C	-0.13%
AMED	D	-0.13%
IRDM	C	-0.13%
GEF	B	-0.12%
HAE	F	-0.12%
UAA	B	-0.12%
NSA	D	-0.12%
CHH	A	-0.11%
MMS	C	-0.11%
TEX	F	-0.11%
NSP	F	-0.11%
PSN	A	-0.1%
SAM	D	-0.1%
WEN	B	-0.1%
EPR	C	-0.1%
VC	F	-0.1%
COLM	B	-0.1%
KNF	B	-0.1%
YETI	C	-0.09%
BLKB	C	-0.09%
UA	B	-0.08%
IPGP	D	-0.08%
TNL	B	-0.07%
WMG	D	-0.07%
AZTA	F	-0.06%
HGV	F	-0.06%