LSAF vs. QQEW ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	QQEW
30 Days	5.32%	4.45%
60 Days	6.52%	5.07%
90 Days	9.24%	5.05%
12 Months	34.17%	20.64%

7 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in QQEW	Overlap
AAPL	C	0.93%	0.96%	0.93%
BKNG	A	1.17%	1.17%	1.17%
FTNT	C	1.15%	1.18%	1.15%
GOOGL	C	0.96%	0.52%	0.52%
MAR	B	1.08%	1.11%	1.08%
ORLY	B	0.99%	1.06%	0.99%
TMUS	B	1.08%	1.14%	1.08%

LSAF Overweight 92 Positions Relative to QQEW

Symbol	Grade	Weight
TRGP	B	1.34%
VST	B	1.32%
EXEL	B	1.27%
SYF	B	1.24%
UNM	A	1.21%
OWL	A	1.19%
AAON	B	1.18%
EXPE	B	1.17%
GM	B	1.17%
PLNT	A	1.16%
FI	A	1.15%
DUOL	A	1.15%
AMP	A	1.15%
NTNX	A	1.14%
GS	A	1.14%
FICO	B	1.14%
CPAY	A	1.13%
STLD	B	1.09%
LOPE	B	1.08%
CMI	A	1.08%
PRI	A	1.06%
WSO	A	1.05%
EQH	B	1.05%
GWRE	A	1.04%
RS	B	1.04%
MO	A	1.04%
FOXA	B	1.04%
WRB	A	1.04%
AXP	A	1.03%
HLT	A	1.03%
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%
LNW	D	0.99%
REG	B	0.98%
MET	A	0.98%
AIG	B	0.98%
HIG	B	0.97%
H	B	0.97%
FIS	C	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%
LOW	D	0.93%
COLM	B	0.93%
POST	C	0.93%
MPC	D	0.93%
PVH	C	0.93%
TOL	B	0.93%
CSL	C	0.93%
AZO	C	0.92%
SNX	C	0.92%
GPK	C	0.92%
MTG	C	0.92%
PSN	D	0.91%
SPB	C	0.9%
COKE	C	0.9%
TXT	D	0.9%
CI	F	0.9%
EBAY	D	0.89%
AN	C	0.89%
MAS	D	0.88%
DD	D	0.88%
LMT	D	0.88%
NSA	D	0.87%
KBR	F	0.87%
NVR	D	0.86%
LEN	D	0.85%
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%
HCA	F	0.78%
WMS	D	0.77%
MTD	D	0.76%
CROX	D	0.67%

LSAF Underweight 94 Positions Relative to QQEW

Symbol	Grade	Weight
TEAM	A	-1.47%
TSLA	B	-1.25%
LULU	C	-1.21%
NVDA	C	-1.21%
DASH	A	-1.19%
MRVL	B	-1.18%
TTWO	A	-1.17%
ZS	C	-1.16%
CHTR	C	-1.15%
NFLX	A	-1.15%
WBD	C	-1.15%
BKR	B	-1.15%
EA	A	-1.13%
PCAR	B	-1.12%
ODFL	B	-1.11%
PANW	C	-1.11%
FAST	B	-1.11%
DDOG	A	-1.1%
INTC	D	-1.1%
ADSK	A	-1.1%
CRWD	B	-1.1%
TTD	B	-1.1%
HON	B	-1.09%
PDD	F	-1.08%
CSCO	B	-1.07%
CPRT	A	-1.07%
PYPL	B	-1.07%
AMZN	C	-1.06%
ISRG	A	-1.06%
CDNS	B	-1.06%
MU	D	-1.05%
ADP	B	-1.05%
MNST	C	-1.05%
WDAY	B	-1.05%
PAYX	C	-1.05%
GILD	C	-1.05%
VRSK	A	-1.04%
SNPS	B	-1.04%
CMCSA	B	-1.04%
ILMN	D	-1.04%
GFS	C	-1.04%
INTU	C	-1.04%
XEL	A	-1.03%
DXCM	D	-1.02%
ANSS	B	-1.02%
CTAS	B	-1.02%
CTSH	B	-1.02%
MDB	C	-1.01%
VRTX	F	-1.0%
META	D	-0.99%
SBUX	A	-0.99%
COST	B	-0.98%
CSX	B	-0.98%
ABNB	C	-0.98%
FANG	D	-0.97%
ROP	B	-0.97%
TXN	C	-0.97%
ADBE	C	-0.97%
AVGO	D	-0.96%
MSFT	F	-0.94%
ARM	D	-0.94%
PEP	F	-0.93%
NXPI	D	-0.93%
LRCX	F	-0.93%
AMAT	F	-0.93%
CSGP	D	-0.93%
QCOM	F	-0.93%
CCEP	C	-0.93%
LIN	D	-0.92%
ON	D	-0.92%
EXC	C	-0.91%
ADI	D	-0.9%
ROST	C	-0.89%
DLTR	F	-0.88%
AEP	D	-0.88%
GEHC	F	-0.88%
KHC	F	-0.87%
KDP	D	-0.86%
MELI	D	-0.86%
MDLZ	F	-0.85%
CEG	D	-0.85%
AMD	F	-0.85%
ASML	F	-0.84%
AMGN	D	-0.84%
KLAC	D	-0.82%
MCHP	D	-0.82%
AZN	D	-0.8%
IDXX	F	-0.8%
BIIB	F	-0.79%
CDW	F	-0.77%
REGN	F	-0.66%
MRNA	F	-0.58%
GOOG	C	-0.52%
SMCI	F	-0.38%