LSAT vs. CAMX ETF Comparison

Comparison of LeaderShares AlphaFactor Tactical Focused ETF (LSAT) to The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX)

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$42.05

Average Daily Volume

9,267

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.22

Average Daily Volume

427

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LSAT	CAMX
30 Days	1.35%	0.92%
60 Days	5.18%	4.35%
90 Days	5.81%	3.76%
12 Months	28.87%	22.53%

4 Overlapping Holdings

Symbol	Grade	Weight in LSAT	Weight in CAMX	Overlap
BMY	B	3.46%	4.65%	3.46%
CMCSA	B	3.45%	4.29%	3.45%
CNC	F	2.71%	2.78%	2.71%
LH	B	3.49%	4.59%	3.49%

LSAT Overweight 26 Positions Relative to CAMX

Symbol	Grade	Weight
PPC	C	3.75%
TNL	A	3.75%
JEF	B	3.73%
VST	B	3.69%
NXST	C	3.69%
MAR	A	3.63%
SRE	B	3.51%
FOX	A	3.49%
ADTN	B	3.48%
HLT	A	3.47%
VLO	C	3.28%
HRB	D	3.23%
DE	D	3.21%
DD	D	3.18%
JNJ	D	3.16%
SPB	A	3.15%
TDC	F	3.14%
DKS	D	3.14%
MTG	C	3.12%
MPC	D	3.09%
EBAY	C	3.09%
POST	D	3.07%
DINO	D	3.04%
EXPD	C	2.98%
ARW	F	2.96%
NSA	D	2.9%

LSAT Underweight 20 Positions Relative to CAMX

Symbol	Grade	Weight
DAL	A	-6.92%
CME	B	-5.18%
AL	B	-5.05%
MDT	D	-4.19%
GOOGL	C	-4.11%
TXN	B	-4.0%
ET	A	-3.9%
PPG	F	-3.63%
UNP	D	-3.28%
DEO	F	-3.25%
ELV	F	-3.01%
ABNB	C	-2.94%
UBER	F	-2.86%
CVX	A	-2.53%
CTVA	C	-2.32%
EL	F	-2.23%
GS	B	-2.01%
WAT	B	-1.96%
AXP	B	-1.57%
AMAT	F	-1.25%