LSAF vs. SHE ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	SHE
30 Days	5.32%	2.93%
60 Days	6.52%	5.56%
90 Days	9.24%	7.44%
12 Months	34.17%	34.03%

24 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in SHE	Overlap
AAPL	C	0.93%	4.27%	0.93%
AIG	B	0.98%	0.19%	0.19%
AXP	A	1.03%	0.66%	0.66%
BKNG	A	1.17%	1.36%	1.17%
BR	A	1.0%	0.1%	0.1%
CAT	B	0.94%	0.94%	0.94%
CI	F	0.9%	0.31%	0.31%
CMI	A	1.08%	0.24%	0.24%
DD	D	0.88%	0.1%	0.1%
EBAY	D	0.89%	0.14%	0.14%
FBIN	D	0.8%	0.05%	0.05%
FIS	C	0.97%	0.17%	0.17%
FTNT	C	1.15%	1.04%	1.04%
HIG	B	0.97%	0.15%	0.15%
HLT	A	1.03%	0.53%	0.53%
LOW	D	0.93%	0.94%	0.93%
MAR	B	1.08%	0.64%	0.64%
PSX	C	0.95%	0.16%	0.16%
SPGI	C	0.94%	0.58%	0.58%
SYF	B	1.24%	0.09%	0.09%
TMUS	B	1.08%	0.51%	0.51%
TXT	D	0.9%	0.05%	0.05%
UTHR	C	0.97%	0.05%	0.05%
VST	B	1.32%	0.22%	0.22%

LSAF Overweight 75 Positions Relative to SHE

Symbol	Grade	Weight
TRGP	B	1.34%
EXEL	B	1.27%
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%
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%
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%
ORLY	B	0.99%
LNW	D	0.99%
REG	B	0.98%
MET	A	0.98%
H	B	0.97%
IT	C	0.97%
WWD	B	0.96%
GOOGL	C	0.96%
AFL	B	0.95%
DVA	B	0.95%
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%
AN	C	0.89%
MAS	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%
HCA	F	0.78%
WMS	D	0.77%
MTD	D	0.76%
CROX	D	0.67%

LSAF Underweight 215 Positions Relative to SHE

Symbol	Grade	Weight
NVDA	C	-4.84%
META	D	-4.53%
ACN	C	-4.29%
MSFT	F	-4.13%
CSCO	B	-3.97%
INTU	C	-3.32%
JPM	A	-2.72%
LLY	F	-2.18%
NFLX	A	-1.92%
INTC	D	-1.83%
UNH	C	-1.76%
V	A	-1.63%
PG	A	-1.56%
XOM	B	-1.46%
JNJ	D	-1.43%
ADSK	A	-1.25%
BAC	A	-1.22%
TJX	A	-1.21%
COST	B	-1.14%
CVX	A	-1.01%
WFC	A	-1.0%
KO	D	-1.0%
SBUX	A	-0.94%
LIN	D	-0.89%
MRK	F	-0.89%
VZ	C	-0.8%
ABT	B	-0.74%
PGR	A	-0.67%
T	A	-0.65%
CMG	B	-0.63%
HUBS	A	-0.59%
UBER	D	-0.57%
GE	D	-0.57%
HON	B	-0.51%
C	A	-0.51%
ETN	A	-0.5%
SCHW	B	-0.49%
ANSS	B	-0.49%
GDDY	A	-0.48%
RTX	C	-0.48%
MMC	B	-0.43%
TYL	B	-0.43%
VRTX	F	-0.42%
CDW	F	-0.42%
NKE	D	-0.41%
GILD	C	-0.41%
ROST	C	-0.41%
MDT	D	-0.4%
ABNB	C	-0.37%
TT	A	-0.34%
DE	A	-0.34%
MCO	B	-0.33%
FLUT	A	-0.32%
RCL	A	-0.32%
ZTS	D	-0.31%
MCK	B	-0.31%
LULU	C	-0.31%
PNC	B	-0.31%
ITW	B	-0.29%
NOC	D	-0.29%
BA	F	-0.28%
DUK	C	-0.28%
TWLO	A	-0.28%
CL	D	-0.27%
EMR	A	-0.26%
EQIX	A	-0.26%
CVS	D	-0.26%
TSCO	D	-0.25%
D	C	-0.24%
COF	B	-0.24%
TFC	A	-0.24%
JCI	C	-0.24%
MMM	D	-0.24%
SPG	B	-0.23%
DLR	B	-0.23%
NEM	D	-0.22%
TGT	F	-0.22%
AKAM	D	-0.22%
DHI	D	-0.22%
FDX	B	-0.22%
WCN	A	-0.21%
EOG	A	-0.21%
BK	A	-0.21%
PRU	A	-0.2%
ALL	A	-0.19%
PSA	D	-0.19%
WSM	B	-0.19%
ECL	D	-0.19%
PEG	A	-0.18%
NSC	B	-0.18%
LNG	B	-0.18%
SQ	B	-0.18%
CARR	D	-0.18%
GWW	B	-0.17%
CHTR	C	-0.17%
BURL	A	-0.16%
O	D	-0.16%
AEP	D	-0.16%
ULTA	F	-0.15%
KR	B	-0.15%
COR	B	-0.15%
DECK	A	-0.14%
EXC	C	-0.14%
MTB	A	-0.14%
OXY	D	-0.14%
CSGP	D	-0.14%
EIX	B	-0.14%
BKR	B	-0.14%
VICI	C	-0.14%
WTW	B	-0.13%
GIS	D	-0.13%
EA	A	-0.13%
IRM	D	-0.13%
TTD	B	-0.13%
ED	D	-0.13%
IDXX	F	-0.13%
ETR	B	-0.12%
STZ	D	-0.12%
DTE	C	-0.12%
EXR	D	-0.12%
VLTO	D	-0.12%
VTR	C	-0.12%
CNC	D	-0.12%
XEL	A	-0.12%
FITB	A	-0.12%
AWK	D	-0.12%
WAB	B	-0.11%
ROK	B	-0.11%
WEC	A	-0.11%
CAH	B	-0.11%
ALNY	D	-0.11%
XYL	D	-0.11%
WBD	C	-0.11%
DOW	F	-0.11%
FANG	D	-0.11%
HSY	F	-0.1%
FTV	C	-0.1%
APTV	D	-0.1%
GPN	B	-0.1%
AVB	B	-0.1%
CLX	B	-0.09%
BBY	D	-0.09%
INVH	D	-0.09%
HUBB	B	-0.09%
EQR	B	-0.09%
CNP	B	-0.09%
SW	A	-0.09%
TROW	B	-0.09%
RF	A	-0.09%
TTWO	A	-0.09%
LVS	C	-0.09%
PPL	B	-0.09%
EQT	B	-0.08%
PFG	D	-0.08%
NTRS	A	-0.08%
AEE	A	-0.08%
DKS	C	-0.08%
CHD	B	-0.08%
LDOS	C	-0.08%
ADM	D	-0.08%
BIIB	F	-0.08%
LPLA	A	-0.08%
KMX	B	-0.07%
DG	F	-0.07%
PNR	A	-0.07%
LYB	F	-0.07%
SSNC	B	-0.07%
MAA	B	-0.07%
FDS	B	-0.07%
IFF	D	-0.07%
KEY	B	-0.07%
LH	C	-0.07%
KIM	A	-0.07%
WY	D	-0.07%
ILMN	D	-0.07%
HST	C	-0.06%
TSN	B	-0.06%
OC	A	-0.06%
TRU	D	-0.06%
J	F	-0.06%
PINS	D	-0.06%
OMC	C	-0.06%
EL	F	-0.06%
MGM	D	-0.06%
AMCR	D	-0.06%
CMS	C	-0.06%
SJM	D	-0.05%
WYNN	D	-0.05%
RPM	A	-0.05%
IPG	D	-0.05%
SNAP	C	-0.05%
SWK	D	-0.05%
ACM	A	-0.05%
DAL	C	-0.04%
BBWI	D	-0.04%
ALB	C	-0.04%
PARA	C	-0.04%
HRL	D	-0.04%
INCY	C	-0.04%
Z	A	-0.04%
DAY	B	-0.04%
NBIX	C	-0.04%
AMH	D	-0.04%
OVV	B	-0.04%
AIZ	A	-0.04%
ACI	C	-0.03%
WBA	F	-0.03%
CPB	D	-0.03%
CE	F	-0.03%
NWSA	B	-0.03%
RIVN	F	-0.03%
TFX	F	-0.03%
CRL	C	-0.03%
LUV	C	-0.02%
APA	D	-0.02%