LSAF vs. XLF ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to SPDR Select Sector Fund - Financial (XLF)

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

$43.59

Average Daily Volume

11,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.68

Average Daily Volume

39,045,484

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	XLF
30 Days	3.33%	6.41%
60 Days	6.17%	10.28%
90 Days	8.22%	13.33%
12 Months	32.92%	44.57%

13 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in XLF	Overlap
AFL	B	0.93%	0.8%	0.8%
AIG	B	0.96%	0.71%	0.71%
AMP	A	1.13%	0.8%	0.8%
AXP	A	1.0%	2.36%	1.0%
CPAY	A	1.12%	0.37%	0.37%
FI	A	1.12%	1.76%	1.12%
FIS	C	0.99%	0.7%	0.7%
GS	A	1.13%	2.7%	1.13%
HIG	B	0.95%	0.5%	0.5%
MET	A	0.94%	0.71%	0.71%
SPGI	C	0.92%	2.38%	0.92%
SYF	B	1.23%	0.37%	0.37%
WRB	A	1.01%	0.26%	0.26%

LSAF Overweight 86 Positions Relative to XLF

Symbol	Grade	Weight
EXEL	B	1.3%
TRGP	A	1.25%
FTNT	C	1.2%
GM	C	1.2%
AAON	B	1.19%
EXPE	B	1.16%
NTNX	B	1.15%
UNM	A	1.14%
FICO	B	1.14%
BKNG	A	1.12%
LOPE	C	1.12%
VST	A	1.12%
OWL	A	1.11%
PLNT	A	1.1%
TMUS	B	1.09%
EQH	C	1.09%
STLD	B	1.08%
MAR	A	1.08%
PRI	B	1.07%
LNW	F	1.07%
UTHR	C	1.06%
JBL	C	1.05%
DUOL	A	1.05%
GOOGL	C	1.04%
FOXA	A	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%
HLT	A	1.02%
ORLY	B	1.01%
MUSA	B	1.01%
GWRE	A	1.01%
EXP	B	1.01%
RL	C	1.01%
ORI	A	1.0%
MO	A	1.0%
BR	A	0.99%
AMG	B	0.98%
LPX	B	0.98%
EEFT	B	0.98%
WWD	C	0.97%
H	B	0.97%
PVH	C	0.96%
REG	A	0.96%
COLM	C	0.95%
CSL	C	0.95%
LOW	C	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	D	0.93%
PSX	C	0.92%
LMT	D	0.92%
MTG	C	0.92%
TOL	B	0.92%
CI	D	0.92%
AAPL	C	0.91%
DVA	C	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	C	0.87%
NVR	D	0.87%
BLDR	D	0.86%
AN	C	0.86%
PHM	D	0.84%
NSA	C	0.83%
MHK	D	0.83%
BLD	D	0.83%
LEN	D	0.83%
HCA	F	0.82%
FBIN	D	0.8%
MTD	F	0.79%
WMS	F	0.78%
CROX	D	0.66%

LSAF Underweight 59 Positions Relative to XLF

Symbol	Grade	Weight
BRK.A	B	-12.45%
JPM	A	-10.0%
V	A	-7.49%
MA	B	-6.24%
BAC	A	-4.5%
WFC	A	-3.6%
MS	A	-2.4%
PGR	A	-2.19%
BLK	B	-2.12%
BX	A	-1.9%
C	A	-1.89%
SCHW	B	-1.74%
MMC	B	-1.58%
CB	C	-1.57%
KKR	A	-1.48%
ICE	C	-1.31%
PYPL	B	-1.27%
PNC	B	-1.2%
AON	A	-1.19%
CME	B	-1.17%
USB	A	-1.14%
MCO	B	-1.1%
COF	C	-1.02%
AJG	A	-0.94%
TFC	A	-0.9%
TRV	B	-0.85%
BK	A	-0.83%
ALL	A	-0.75%
MSCI	C	-0.69%
PRU	A	-0.65%
DFS	B	-0.63%
ACGL	C	-0.54%
MTB	A	-0.52%
NDAQ	A	-0.47%
FITB	B	-0.46%
WTW	B	-0.46%
GPN	B	-0.43%
RJF	A	-0.43%
STT	B	-0.41%
TROW	B	-0.39%
BRO	B	-0.38%
HBAN	A	-0.37%
RF	A	-0.35%
CINF	A	-0.34%
NTRS	A	-0.31%
CBOE	C	-0.3%
CFG	B	-0.3%
PFG	D	-0.27%
FDS	B	-0.27%
KEY	B	-0.26%
EG	C	-0.23%
L	A	-0.22%
JKHY	D	-0.18%
AIZ	A	-0.16%
MKTX	D	-0.15%
ERIE	D	-0.15%
GL	C	-0.14%
IVZ	B	-0.12%
BEN	C	-0.1%