LSAF vs. PY ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to Principal Shareholder Yield Index ETF (PY)

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

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$50.04

Average Daily Volume

4,247

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	PY
30 Days	6.02%	3.90%
60 Days	13.13%	11.08%
90 Days	10.68%	10.18%
12 Months	35.15%	33.01%

22 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in PY	Overlap
AAPL	C	0.97%	3.93%	0.97%
AIG	C	0.9%	0.81%	0.81%
AMP	A	0.99%	0.85%	0.85%
AOS	C	0.99%	0.84%	0.84%
AXP	A	1.06%	1.1%	1.06%
BBWI	F	0.74%	0.8%	0.74%
CAT	A	1.08%	1.23%	1.08%
CI	D	0.95%	0.9%	0.9%
DD	C	1.01%	0.86%	0.86%
DE	C	1.0%	0.99%	0.99%
EBAY	A	1.08%	0.81%	0.81%
FDX	F	0.81%	0.79%	0.79%
HIG	A	1.05%	0.78%	0.78%
MET	A	1.05%	0.87%	0.87%
MPC	D	0.85%	0.8%	0.8%
OTIS	A	0.98%	0.88%	0.88%
PSX	D	0.84%	0.82%	0.82%
RL	B	1.03%	0.8%	0.8%
RTX	A	1.09%	1.05%	1.05%
STLD	C	0.88%	0.82%	0.82%
SYF	A	0.96%	0.77%	0.77%
VLO	F	0.79%	0.79%	0.79%

LSAF Overweight 75 Positions Relative to PY

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%
THC	D	1.13%
AFL	A	1.12%
NVR	C	1.12%
HCA	C	1.12%
LEN	C	1.11%
MTG	A	1.08%
USFD	C	1.08%
VRT	B	1.07%
DVA	C	1.06%
NRG	A	1.06%
JBL	C	1.06%
SAIC	A	1.06%
WAB	A	1.05%
SPGI	C	1.05%
OMC	C	1.05%
AWI	A	1.05%
GWW	B	1.05%
CPAY	A	1.04%
UNM	A	1.04%
ORI	A	1.04%
AMG	B	1.03%
LAMR	C	1.02%
AN	D	1.02%
UTHR	C	1.02%
PRI	A	1.02%
SPB	C	1.0%
META	A	1.0%
CSL	A	0.99%
LDOS	A	0.99%
PFG	A	0.99%
SLM	B	0.98%
WSO	C	0.98%
BKNG	B	0.97%
AZO	D	0.97%
HLT	A	0.97%
DOV	C	0.97%
H	B	0.95%
NFLX	A	0.95%
MUSA	D	0.95%
EQH	B	0.94%
SNX	C	0.94%
LNG	A	0.93%
KEX	C	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%
GM	D	0.9%
VRSK	D	0.89%
CRUS	D	0.87%
COTY	F	0.87%
DECK	B	0.87%
NUE	D	0.86%
ADBE	F	0.85%
PVH	D	0.84%
CNM	F	0.84%
GOOGL	B	0.81%
COP	D	0.81%
ABNB	D	0.78%
MCK	F	0.74%
LRCX	D	0.72%
OVV	D	0.71%

LSAF Underweight 83 Positions Relative to PY

Symbol	Grade	Weight
MSFT	D	-3.62%
NVDA	B	-2.89%
AVGO	B	-2.46%
XOM	A	-1.81%
HD	A	-1.61%
CVX	B	-1.26%
ACN	B	-1.18%
QCOM	D	-1.15%
WFC	B	-1.13%
LOW	C	-1.09%
CMCSA	B	-1.08%
MS	A	-1.03%
NKE	D	-1.0%
TJX	D	-0.99%
LMT	A	-0.98%
TT	A	-0.97%
BMY	A	-0.95%
CB	A	-0.95%
PLD	D	-0.94%
ADP	A	-0.94%
MMC	D	-0.92%
CVS	D	-0.91%
ITW	C	-0.91%
MDLZ	D	-0.9%
PNC	C	-0.88%
CSX	D	-0.87%
BK	A	-0.87%
SLB	D	-0.85%
HPE	B	-0.85%
MO	D	-0.85%
EQT	C	-0.83%
KR	C	-0.83%
EMN	C	-0.83%
PRU	B	-0.83%
SPG	A	-0.82%
DFS	A	-0.82%
PNR	C	-0.82%
TRV	B	-0.81%
PPG	D	-0.81%
BKR	B	-0.81%
ROK	D	-0.8%
PAYX	B	-0.8%
CF	A	-0.79%
HPQ	B	-0.79%
FITB	C	-0.79%
CTSH	B	-0.78%
ALLE	A	-0.77%
GPC	D	-0.77%
SNA	C	-0.77%
NDSN	C	-0.77%
KMB	D	-0.77%
GIS	C	-0.77%
DRI	C	-0.77%
VICI	C	-0.76%
FOXA	B	-0.76%
BR	B	-0.76%
WTW	C	-0.76%
ARE	D	-0.76%
TRGP	A	-0.76%
ADM	F	-0.76%
NDAQ	C	-0.76%
RF	B	-0.76%
AVB	C	-0.76%
SYY	D	-0.76%
BEN	F	-0.76%
LYB	B	-0.76%
SBAC	C	-0.75%
HAL	D	-0.75%
EG	A	-0.75%
OXY	D	-0.75%
CINF	A	-0.74%
MKC	C	-0.74%
AIZ	B	-0.74%
TAP	D	-0.73%
CPT	C	-0.73%
HSY	D	-0.73%
INVH	D	-0.72%
MRO	B	-0.72%
FANG	D	-0.72%
MAA	D	-0.72%
ESS	D	-0.72%
SWKS	F	-0.72%
HRL	F	-0.69%