SEF vs. LSAF ETF Comparison

Comparison of ProShares Short Financials (SEF) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.57

Average Daily Volume

71,573

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

$41.30

Average Daily Volume

13,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	LSAF
30 Days	1.66%	2.61%
60 Days	-5.96%	9.72%
90 Days	-6.59%	9.40%
12 Months	-22.83%	32.72%

12 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in LSAF	Overlap
AFL	A	0.66%	1.12%	0.66%
AIG	F	0.77%	0.9%	0.77%
AMP	A	0.37%	0.99%	0.37%
AXP	A	1.49%	1.06%	1.06%
EQH	C	0.19%	0.94%	0.19%
HIG	A	0.37%	1.05%	0.37%
MET	A	0.69%	1.05%	0.69%
MKL	B	0.28%	0.92%	0.28%
PFG	C	0.25%	0.99%	0.25%
SPGI	C	1.22%	1.05%	1.05%
SYF	C	0.36%	0.96%	0.36%
V	C	5.88%	0.93%	0.93%

SEF Overweight 85 Positions Relative to LSAF

Symbol	Grade	Weight
BRK.A	C	7.56%
JPM	D	7.27%
MA	A	4.83%
BAC	D	4.46%
WFC	D	3.19%
C	B	2.98%
AMT	C	1.74%
GS	D	1.34%
USB	C	1.32%
TFC	D	1.27%
CME	A	1.25%
MS	B	1.19%
CB	A	1.17%
PNC	C	1.13%
BLK	B	1.06%
CCI	A	1.02%
PLD	D	1.0%
MMC	D	0.97%
SCHW	D	0.93%
ICE	A	0.91%
EQIX	B	0.84%
AON	A	0.83%
COF	C	0.81%
SPG	A	0.76%
PGR	C	0.75%
MCO	C	0.7%
BX	C	0.67%
PRU	C	0.66%
BK	C	0.65%
ALL	C	0.64%
TRV	C	0.61%
WELL	B	0.59%
PSA	C	0.56%
TROW	D	0.52%
AVB	C	0.51%
STT	C	0.5%
SBAC	B	0.48%
EQR	C	0.48%
DLR	C	0.44%
WTW	A	0.44%
DFS	C	0.44%
O	A	0.42%
MSCI	B	0.4%
CSGP	F	0.4%
WY	B	0.39%
NTRS	C	0.39%
VTR	B	0.37%
MTB	C	0.36%
FITB	C	0.35%
BXP	C	0.34%
CBRE	A	0.34%
ESS	C	0.34%
ARE	D	0.32%
KEY	C	0.32%
ACGL	A	0.31%
CFG	D	0.3%
DOC	B	0.3%
AJG	D	0.3%
INVH	D	0.28%
RF	C	0.27%
CINF	A	0.27%
HBAN	C	0.26%
MAA	C	0.26%
MKTX	C	0.24%
WPC	C	0.24%
SUI	C	0.24%
EXR	C	0.24%
L	D	0.23%
NLY	C	0.23%
UDR	C	0.23%
HST	D	0.22%
ELS	D	0.22%
FNF	A	0.22%
NDAQ	C	0.21%
RJF	B	0.2%
LNC	D	0.2%
EG	B	0.19%
MPW	C	0.19%
ALLY	F	0.19%
GL	C	0.18%
FDS	C	0.18%
REG	B	0.18%
VNO	B	0.18%
CPT	C	0.18%
WRB	B	0.17%

SEF Underweight 85 Positions Relative to LSAF

Symbol	Grade	Weight
APP	B	-1.4%
VST	A	-1.22%
TOL	A	-1.19%
EXP	C	-1.18%
FFIV	C	-1.17%
UHS	D	-1.17%
PHM	A	-1.16%
ALSN	A	-1.16%
URI	B	-1.15%
MAS	A	-1.14%
THC	C	-1.13%
NVR	A	-1.12%
HCA	A	-1.12%
LEN	B	-1.11%
RTX	A	-1.09%
MTG	B	-1.08%
CAT	A	-1.08%
USFD	C	-1.08%
EBAY	A	-1.08%
VRT	B	-1.07%
DVA	B	-1.06%
NRG	A	-1.06%
JBL	D	-1.06%
SAIC	B	-1.06%
WAB	A	-1.05%
OMC	A	-1.05%
AWI	A	-1.05%
GWW	A	-1.05%
CPAY	A	-1.04%
UNM	A	-1.04%
ORI	A	-1.04%
AMG	C	-1.03%
RL	B	-1.03%
LAMR	C	-1.02%
AN	B	-1.02%
UTHR	B	-1.02%
PRI	A	-1.02%
DD	B	-1.01%
DE	A	-1.0%
SPB	B	-1.0%
META	A	-1.0%
CSL	A	-0.99%
LDOS	A	-0.99%
AOS	B	-0.99%
SLM	C	-0.98%
OTIS	A	-0.98%
WSO	B	-0.98%
BKNG	C	-0.97%
AAPL	C	-0.97%
AZO	D	-0.97%
HLT	B	-0.97%
DOV	C	-0.97%
CI	C	-0.95%
H	C	-0.95%
NFLX	C	-0.95%
MUSA	D	-0.95%
SNX	C	-0.94%
LNG	D	-0.93%
KEX	C	-0.93%
MAR	B	-0.93%
HOOD	C	-0.91%
TXT	D	-0.91%
OC	B	-0.91%
VVV	D	-0.9%
GM	D	-0.9%
VRSK	D	-0.89%
STLD	C	-0.88%
CRUS	D	-0.87%
COTY	F	-0.87%
DECK	C	-0.87%
NUE	D	-0.86%
ADBE	F	-0.85%
MPC	F	-0.85%
PSX	F	-0.84%
PVH	F	-0.84%
CNM	F	-0.84%
GOOGL	C	-0.81%
FDX	D	-0.81%
COP	D	-0.81%
VLO	F	-0.79%
ABNB	D	-0.78%
BBWI	F	-0.74%
MCK	F	-0.74%
LRCX	F	-0.72%
OVV	F	-0.71%