LSAF vs. SPLV ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

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

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$73.96

Average Daily Volume

1,577,046

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	SPLV
30 Days	5.32%	2.35%
60 Days	6.52%	3.72%
90 Days	9.24%	6.25%
12 Months	34.17%	23.06%

14 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in SPLV	Overlap
AFL	B	0.93%	0.0%	0.0%
AIG	B	0.96%	0.0%	0.0%
AMP	A	1.13%	0.94%	0.94%
BR	A	0.99%	0.98%	0.98%
FI	A	1.12%	1.08%	1.08%
HIG	B	0.95%	0.91%	0.91%
HLT	A	1.02%	0.94%	0.94%
LMT	D	0.92%	1.04%	0.92%
MET	A	0.94%	0.0%	0.0%
MO	A	1.0%	0.94%	0.94%
ORLY	B	1.01%	0.91%	0.91%
REG	B	0.96%	0.92%	0.92%
SPGI	C	0.92%	1.01%	0.92%
TMUS	B	1.09%	1.17%	1.09%

LSAF Overweight 85 Positions Relative to SPLV

Symbol	Grade	Weight
EXEL	B	1.3%
TRGP	B	1.25%
SYF	B	1.23%
FTNT	C	1.2%
GM	B	1.2%
AAON	B	1.19%
EXPE	B	1.16%
NTNX	A	1.15%
UNM	A	1.14%
FICO	B	1.14%
GS	A	1.13%
BKNG	A	1.12%
LOPE	B	1.12%
VST	B	1.12%
CPAY	A	1.12%
OWL	A	1.11%
PLNT	A	1.1%
EQH	B	1.09%
STLD	B	1.08%
MAR	B	1.08%
PRI	A	1.07%
LNW	D	1.07%
UTHR	C	1.06%
JBL	B	1.05%
DUOL	A	1.05%
GOOGL	C	1.04%
FOXA	B	1.04%
GEN	B	1.04%
RS	B	1.04%
IT	C	1.03%
PSN	D	1.03%
CMI	A	1.03%
KBR	F	1.03%
SAIC	F	1.03%
WSO	A	1.02%
MUSA	A	1.01%
WRB	A	1.01%
GWRE	A	1.01%
EXP	A	1.01%
RL	B	1.01%
ORI	A	1.0%
AXP	A	1.0%
FIS	C	0.99%
AMG	B	0.98%
LPX	B	0.98%
EEFT	B	0.98%
WWD	B	0.97%
H	B	0.97%
PVH	C	0.96%
COLM	B	0.95%
CSL	C	0.95%
LOW	D	0.94%
THC	D	0.94%
SPB	C	0.94%
CAT	B	0.94%
AZO	C	0.94%
GPK	C	0.93%
TXT	D	0.93%
SNX	C	0.93%
PSX	C	0.92%
MTG	C	0.92%
TOL	B	0.92%
CI	F	0.92%
AAPL	C	0.91%
DVA	B	0.91%
MPC	D	0.9%
EBAY	D	0.89%
COKE	C	0.89%
POST	C	0.89%
MAS	D	0.88%
HRB	D	0.88%
DD	D	0.87%
NVR	D	0.87%
BLDR	D	0.86%
AN	C	0.86%
PHM	D	0.84%
NSA	D	0.83%
MHK	D	0.83%
BLD	D	0.83%
LEN	D	0.83%
HCA	F	0.82%
FBIN	D	0.8%
MTD	D	0.79%
WMS	D	0.78%
CROX	D	0.66%

LSAF Underweight 100 Positions Relative to SPLV

Symbol	Grade	Weight
KO	D	-1.37%
BRK.A	B	-1.31%
CL	D	-1.23%
PG	A	-1.22%
RSG	A	-1.22%
ATO	A	-1.21%
MMC	B	-1.17%
L	A	-1.15%
MA	C	-1.13%
ADP	B	-1.11%
JNJ	D	-1.11%
HON	B	-1.11%
V	A	-1.1%
NI	A	-1.09%
PPL	B	-1.09%
ITW	B	-1.09%
LIN	D	-1.08%
MSI	B	-1.08%
CHD	B	-1.07%
KMI	A	-1.07%
YUM	B	-1.07%
BSX	B	-1.07%
DUK	C	-1.07%
ICE	C	-1.06%
FE	C	-1.05%
LNT	A	-1.05%
PEP	F	-1.04%
CME	A	-1.04%
EA	A	-1.03%
CMS	C	-1.03%
GD	F	-1.03%
TJX	A	-1.03%
PEG	A	-1.03%
CB	C	-1.02%
SRE	A	-1.02%
EVRG	A	-1.02%
MDLZ	F	-1.0%
WTW	B	-1.0%
SO	D	-1.0%
ED	D	-1.0%
OKE	A	-0.99%
KMB	D	-0.99%
COR	B	-0.99%
RTX	C	-0.99%
BK	A	-0.99%
ABT	B	-0.98%
WMB	A	-0.98%
ROP	B	-0.98%
KDP	D	-0.97%
MCD	D	-0.97%
WM	A	-0.97%
SYK	C	-0.97%
WEC	A	-0.97%
EIX	B	-0.96%
HOLX	D	-0.96%
PM	B	-0.96%
STZ	D	-0.95%
OTIS	C	-0.94%
AJG	B	-0.94%
CTAS	B	-0.94%
WELL	A	-0.94%
O	D	-0.93%
NDAQ	A	-0.93%
CVX	A	-0.93%
VRSN	F	-0.93%
PPG	F	-0.93%
AVB	B	-0.92%
NOC	D	-0.92%
WMT	A	-0.92%
VICI	C	-0.92%
MDT	D	-0.92%
AVY	D	-0.92%
BRO	B	-0.92%
PCG	A	-0.92%
AEP	D	-0.91%
ECL	D	-0.91%
UNP	C	-0.91%
SYY	B	-0.9%
LYB	F	-0.9%
PNW	B	-0.9%
LHX	C	-0.9%
DTE	C	-0.9%
PKG	A	-0.89%
FRT	B	-0.89%
JKHY	D	-0.89%
GIS	D	-0.88%
PAYX	C	-0.87%
CSX	B	-0.85%
LDOS	C	-0.73%
COST	B	-0.02%
MCK	B	-0.02%
JPM	A	-0.01%
ETR	B	-0.0%
CSCO	B	-0.0%
CBOE	B	-0.0%
PRU	A	-0.0%
AME	A	-0.0%
DRI	B	-0.0%
DGX	A	-0.0%
ABBV	D	-0.0%