ROE vs. LSAF ETF Comparison

Comparison of Astoria US Quality Kings ETF (ROE) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$31.62

Average Daily Volume

13,522

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$43.22

Average Daily Volume

11,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ROE	LSAF
30 Days	2.42%	3.33%
60 Days	4.07%	6.17%
90 Days	4.15%	8.22%
12 Months	31.37%	32.92%

19 Overlapping Holdings

Symbol	Grade	Weight in ROE	Weight in LSAF	Overlap
AAPL	C	0.95%	0.91%	0.91%
AFL	B	0.98%	0.93%	0.93%
AMP	A	1.18%	1.13%	1.13%
CAT	B	1.0%	0.94%	0.94%
CSL	C	1.0%	0.95%	0.95%
EBAY	D	0.92%	0.89%	0.89%
GEN	B	1.09%	1.04%	1.04%
GOOGL	C	1.07%	1.04%	1.04%
HIG	B	0.97%	0.95%	0.95%
JBL	C	1.05%	1.05%	1.05%
LMT	D	0.96%	0.92%	0.92%
LOW	C	1.0%	0.94%	0.94%
MO	A	1.02%	1.0%	1.0%
PHM	D	0.9%	0.84%	0.84%
SYF	B	1.28%	1.23%	1.23%
THC	D	0.97%	0.94%	0.94%
TMUS	B	1.13%	1.09%	1.09%
VST	A	1.24%	1.12%	1.12%
WRB	A	1.03%	1.01%	1.01%

ROE Overweight 80 Positions Relative to LSAF

Symbol	Grade	Weight
APP	B	2.13%
APO	B	1.28%
MCK	A	1.23%
CHTR	C	1.19%
EME	A	1.16%
NVDA	B	1.16%
GWW	B	1.14%
LYV	A	1.12%
ETR	B	1.12%
PANW	B	1.11%
ORCL	A	1.1%
CSCO	B	1.08%
NFLX	A	1.08%
V	A	1.08%
RPM	A	1.07%
APH	A	1.07%
MSI	B	1.07%
CAH	B	1.06%
URI	C	1.06%
COR	B	1.06%
TROW	B	1.05%
TRV	B	1.05%
NRG	B	1.03%
DOV	A	1.03%
CTSH	B	1.03%
SPG	A	1.03%
CMCSA	B	1.03%
ACN	B	1.02%
ITW	B	1.02%
EOG	A	1.01%
TXN	C	1.01%
ANET	C	1.0%
SYY	D	1.0%
PM	B	1.0%
ALL	A	1.0%
META	D	1.0%
DPZ	C	1.0%
OMC	C	0.99%
HD	B	0.99%
YUM	D	0.98%
PGR	A	0.98%
TJX	A	0.97%
RMD	C	0.97%
QCOM	F	0.96%
NTAP	C	0.96%
ON	D	0.96%
TGT	F	0.95%
VLO	C	0.95%
IBM	C	0.94%
MSFT	D	0.94%
ADBE	C	0.93%
AMAT	F	0.93%
EG	C	0.93%
CB	C	0.93%
NXPI	D	0.93%
JNJ	C	0.92%
ROST	D	0.91%
VICI	C	0.91%
DVN	F	0.91%
KMB	C	0.91%
A	D	0.9%
GEHC	D	0.9%
SBAC	D	0.89%
LRCX	F	0.88%
ZTS	D	0.88%
VZ	C	0.88%
MCHP	F	0.87%
LLY	F	0.87%
CL	D	0.86%
SWKS	F	0.86%
ABBV	F	0.86%
MRK	D	0.85%
CDW	F	0.85%
KLAC	F	0.84%
DHI	F	0.84%
WSM	C	0.82%
TER	F	0.8%
FSLR	F	0.76%
MPWR	F	0.69%
CE	F	0.58%

ROE Underweight 80 Positions Relative to LSAF

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%
GS	A	-1.13%
BKNG	A	-1.12%
FI	A	-1.12%
LOPE	C	-1.12%
CPAY	A	-1.12%
OWL	A	-1.11%
PLNT	A	-1.1%
EQH	C	-1.09%
STLD	B	-1.08%
MAR	A	-1.08%
PRI	B	-1.07%
LNW	F	-1.07%
UTHR	C	-1.06%
DUOL	A	-1.05%
FOXA	A	-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%
AXP	A	-1.0%
FIS	C	-0.99%
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%
AIG	B	-0.96%
COLM	C	-0.95%
MET	A	-0.94%
SPB	C	-0.94%
AZO	C	-0.94%
GPK	C	-0.93%
TXT	D	-0.93%
SNX	D	-0.93%
PSX	C	-0.92%
MTG	C	-0.92%
SPGI	C	-0.92%
TOL	B	-0.92%
CI	D	-0.92%
DVA	C	-0.91%
MPC	D	-0.9%
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%
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%