LSAF vs. XRLV ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

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

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.13

Average Daily Volume

1,055

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	XRLV
30 Days	6.02%	0.50%
60 Days	13.13%	7.48%
90 Days	10.68%	10.62%
12 Months	35.15%	25.85%

11 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in XRLV	Overlap
AFL	A	1.12%	0.97%	0.97%
AIG	C	0.9%	0.94%	0.9%
AMP	A	0.99%	1.07%	0.99%
HIG	A	1.05%	1.04%	1.04%
HLT	A	0.97%	0.96%	0.96%
MCK	F	0.74%	0.73%	0.73%
MET	A	1.05%	1.06%	1.05%
OMC	C	1.05%	0.96%	0.96%
PFG	A	0.99%	1.0%	0.99%
V	B	0.93%	1.2%	0.93%
VRSK	D	0.89%	0.87%	0.87%

LSAF Overweight 86 Positions Relative to XRLV

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%
NVR	C	1.12%
HCA	C	1.12%
LEN	C	1.11%
RTX	A	1.09%
MTG	A	1.08%
CAT	A	1.08%
USFD	C	1.08%
EBAY	A	1.08%
VRT	B	1.07%
DVA	C	1.06%
NRG	A	1.06%
JBL	C	1.06%
SAIC	A	1.06%
AXP	A	1.06%
WAB	A	1.05%
SPGI	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%
RL	B	1.03%
LAMR	C	1.02%
AN	D	1.02%
UTHR	C	1.02%
PRI	A	1.02%
DD	C	1.01%
DE	C	1.0%
SPB	C	1.0%
META	A	1.0%
CSL	A	0.99%
LDOS	A	0.99%
AOS	C	0.99%
SLM	B	0.98%
OTIS	A	0.98%
WSO	C	0.98%
BKNG	B	0.97%
AAPL	C	0.97%
AZO	D	0.97%
DOV	C	0.97%
SYF	A	0.96%
CI	D	0.95%
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%
MKL	B	0.92%
HOOD	B	0.91%
TXT	F	0.91%
OC	C	0.91%
VVV	D	0.9%
GM	D	0.9%
STLD	C	0.88%
CRUS	D	0.87%
COTY	F	0.87%
DECK	B	0.87%
NUE	D	0.86%
ADBE	F	0.85%
MPC	D	0.85%
PSX	D	0.84%
PVH	D	0.84%
CNM	F	0.84%
GOOGL	B	0.81%
FDX	F	0.81%
COP	D	0.81%
VLO	F	0.79%
ABNB	D	0.78%
BBWI	F	0.74%
LRCX	D	0.72%
OVV	D	0.71%

LSAF Underweight 88 Positions Relative to XRLV

Symbol	Grade	Weight
BRK.A	B	-1.41%
KO	C	-1.32%
TMUS	A	-1.29%
RSG	D	-1.19%
L	C	-1.19%
PG	D	-1.17%
MMC	D	-1.16%
CL	D	-1.16%
WMT	A	-1.16%
MA	A	-1.14%
TJX	D	-1.13%
MCD	A	-1.12%
LIN	C	-1.12%
FI	A	-1.12%
ITW	C	-1.11%
ATO	A	-1.09%
BK	A	-1.08%
ROP	D	-1.08%
HON	C	-1.08%
JNJ	D	-1.07%
CB	A	-1.06%
CSCO	A	-1.05%
YUM	C	-1.05%
KMI	A	-1.05%
MSI	A	-1.05%
CME	A	-1.05%
PM	D	-1.04%
AVY	D	-1.04%
IEX	D	-1.02%
PEG	A	-1.01%
MDLZ	D	-1.01%
VRSN	C	-1.0%
WMB	A	-1.0%
PPL	C	-1.0%
LMT	A	-1.0%
AME	C	-1.0%
UNP	F	-1.0%
PRU	B	-1.0%
DUK	C	-1.0%
ADP	A	-0.99%
GD	C	-0.99%
ETR	A	-0.99%
DRI	C	-0.98%
JPM	C	-0.98%
CHD	D	-0.97%
CTAS	C	-0.97%
SO	A	-0.97%
PKG	B	-0.97%
KDP	C	-0.97%
OKE	A	-0.97%
CMS	A	-0.96%
PEP	F	-0.96%
STZ	D	-0.96%
SRE	C	-0.95%
KMB	D	-0.95%
WM	B	-0.95%
CSX	D	-0.95%
ED	C	-0.95%
PPG	D	-0.95%
MDT	C	-0.95%
LNT	B	-0.95%
FE	C	-0.94%
WELL	C	-0.94%
BRO	A	-0.93%
COR	F	-0.93%
ECL	C	-0.93%
PAYX	B	-0.93%
NI	A	-0.93%
REGN	D	-0.92%
AJG	C	-0.92%
AVB	C	-0.92%
GIS	C	-0.92%
ABBV	C	-0.92%
WEC	B	-0.92%
ABT	C	-0.91%
DOW	B	-0.9%
MO	D	-0.9%
BR	B	-0.9%
DGX	D	-0.9%
JKHY	A	-0.89%
EVRG	C	-0.89%
HOLX	D	-0.89%
LYB	B	-0.89%
EA	D	-0.88%
SYY	D	-0.88%
BDX	C	-0.87%
CBOE	B	-0.86%
ELV	F	-0.85%