SQLV vs. FDLS ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to Inspire Fidelis Multi Factor ETF (FDLS)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$45.07

Average Daily Volume

771

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.92

Average Daily Volume

11,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	FDLS
30 Days	8.72%	8.72%
60 Days	8.14%	8.68%
90 Days	8.02%	8.22%
12 Months	22.85%	26.97%

12 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in FDLS	Overlap
BBW	B	0.16%	1.07%	0.16%
BELFB	C	0.43%	0.9%	0.43%
BFH	B	1.14%	1.03%	1.03%
CEIX	A	0.86%	1.22%	0.86%
CPRX	C	0.38%	0.98%	0.38%
HSTM	B	0.34%	1.06%	0.34%
LGTY	D	0.28%	1.01%	0.28%
NECB	B	0.53%	1.21%	0.53%
PLUS	F	0.4%	0.77%	0.4%
POWL	C	0.59%	1.51%	0.59%
TCMD	A	0.23%	1.07%	0.23%
VIRC	B	0.18%	0.98%	0.18%

SQLV Overweight 245 Positions Relative to FDLS

Symbol	Grade	Weight
CALM	A	0.94%
VCTR	B	0.87%
PAYO	A	0.86%
CORT	B	0.82%
CAR	C	0.81%
IDCC	A	0.78%
EBC	B	0.78%
SLVM	B	0.77%
CATY	B	0.77%
FDP	B	0.76%
TGNA	B	0.76%
BKE	B	0.76%
AX	A	0.74%
LRN	A	0.74%
DXC	B	0.74%
IBOC	A	0.74%
STRL	B	0.73%
PBF	D	0.72%
BTU	B	0.72%
AGX	B	0.71%
APAM	B	0.69%
SKYW	B	0.68%
SANM	B	0.68%
ALE	A	0.67%
HAFC	A	0.67%
PRG	C	0.66%
AMR	C	0.65%
CCSI	C	0.65%
FHI	A	0.64%
MD	B	0.64%
WHD	B	0.63%
WTTR	B	0.63%
KFY	B	0.63%
PRDO	B	0.6%
NMIH	D	0.6%
ANDE	D	0.58%
HUBG	A	0.58%
WTFC	A	0.56%
LE	D	0.55%
TDOC	C	0.54%
EEFT	B	0.53%
PAHC	C	0.53%
PFBC	B	0.53%
NTGR	B	0.53%
PRGS	A	0.53%
NVST	B	0.53%
WS	B	0.53%
INVA	D	0.52%
MCB	B	0.52%
LGND	B	0.52%
CRCT	F	0.51%
SCS	C	0.51%
NBN	B	0.51%
PBH	A	0.51%
AMCX	C	0.5%
ITGR	B	0.5%
OMCL	C	0.5%
TEX	D	0.5%
ASO	F	0.5%
CNXN	C	0.49%
BXC	B	0.49%
TPC	C	0.49%
MBWM	B	0.48%
MCRI	A	0.48%
DK	C	0.47%
OSBC	A	0.47%
LMAT	A	0.47%
GIII	D	0.46%
INSW	F	0.46%
UNTY	B	0.46%
CIVB	B	0.46%
FISI	A	0.46%
IRDM	D	0.45%
CVI	F	0.45%
THFF	B	0.45%
ADUS	D	0.45%
IOSP	B	0.45%
HAE	C	0.44%
MSBI	B	0.44%
RLGT	A	0.42%
RNGR	B	0.42%
RMR	F	0.42%
CTS	C	0.42%
DAKT	B	0.42%
SUPN	C	0.42%
BHE	B	0.41%
ASTH	D	0.41%
ZD	C	0.41%
DHIL	A	0.41%
IPGP	D	0.4%
PKBK	A	0.4%
VCYT	B	0.4%
NTCT	C	0.4%
METC	C	0.4%
OLPX	D	0.4%
EVBN	B	0.39%
HRMY	D	0.39%
YELP	C	0.39%
EBF	F	0.38%
LQDT	B	0.38%
WKC	D	0.38%
WU	D	0.38%
HCKT	B	0.37%
NPK	B	0.37%
BSIG	A	0.36%
TDC	D	0.36%
WOR	F	0.36%
SMLR	B	0.36%
ARRY	C	0.36%
VSH	D	0.36%
DVAX	C	0.36%
ROCK	C	0.36%
REX	D	0.35%
ATKR	C	0.35%
ATEN	B	0.35%
AVNS	F	0.35%
AMPH	D	0.35%
SGC	C	0.35%
RES	D	0.34%
PLAB	C	0.33%
KFRC	D	0.33%
NX	C	0.33%
FOR	F	0.33%
DFIN	D	0.33%
ACIC	B	0.33%
PLPC	B	0.33%
JBSS	D	0.33%
TH	C	0.33%
CRI	D	0.33%
VREX	C	0.31%
IMXI	B	0.31%
COHU	C	0.31%
GNE	D	0.31%
CVEO	F	0.31%
MPX	B	0.3%
EWCZ	F	0.3%
MCFT	B	0.3%
EE	A	0.3%
RYI	C	0.3%
IRMD	C	0.29%
CASS	B	0.29%
EMBC	C	0.29%
USNA	C	0.29%
CHGG	D	0.29%
IART	C	0.29%
PLXS	B	0.28%
OMI	F	0.28%
HBB	F	0.28%
COLL	F	0.28%
ODP	F	0.28%
KRT	A	0.28%
SPOK	C	0.28%
BTMD	C	0.28%
WNC	C	0.28%
FLWS	F	0.27%
PUMP	B	0.27%
JELD	F	0.27%
ACCO	C	0.27%
CRVL	A	0.27%
PARR	D	0.26%
PKE	B	0.26%
MRVI	F	0.26%
WINA	B	0.26%
CLW	F	0.26%
NATR	C	0.26%
WRLD	C	0.26%
ZEUS	C	0.25%
MDXG	B	0.25%
MNSB	C	0.25%
GIC	D	0.25%
SIGA	F	0.25%
NVEC	C	0.25%
ASRT	F	0.24%
ANIP	F	0.24%
TZOO	A	0.24%
HOFT	C	0.24%
ARCH	B	0.24%
PFC	A	0.24%
CTKB	C	0.23%
ICUI	D	0.23%
UTMD	F	0.23%
RGP	F	0.23%
MED	F	0.23%
ZIP	F	0.23%
MPAA	C	0.22%
IIIN	C	0.22%
CCRN	F	0.22%
CNS	B	0.22%
LCUT	F	0.21%
JILL	C	0.21%
MTUS	C	0.21%
PCRX	C	0.21%
EVC	C	0.21%
PETS	C	0.2%
SSTK	F	0.2%
VRA	F	0.2%
UVE	B	0.2%
MYPS	C	0.2%
HTZ	C	0.19%
MITK	C	0.19%
PBYI	C	0.19%
HBCP	B	0.19%
TGTX	B	0.19%
STAA	F	0.19%
OFLX	D	0.19%
DBRG	F	0.19%
CMT	D	0.19%
INTT	C	0.18%
LFVN	B	0.18%
JAKK	C	0.17%
RCKY	F	0.17%
VPG	D	0.17%
CCRD	A	0.17%
HSII	B	0.17%
STBA	B	0.17%
ZYXI	D	0.17%
CSPI	C	0.16%
RCMT	C	0.16%
ACDC	C	0.16%
MGNI	A	0.16%
LXU	B	0.16%
NRC	F	0.15%
IRWD	F	0.15%
OSUR	F	0.15%
SCSC	B	0.15%
HWKN	B	0.15%
HCI	C	0.15%
ANIK	F	0.15%
LTRX	F	0.14%
SD	D	0.14%
BOX	B	0.14%
ANGO	D	0.14%
EXTR	B	0.14%
YOU	D	0.13%
POWW	F	0.13%
TWI	F	0.13%
BLBD	D	0.13%
IMMR	C	0.13%
DXLG	F	0.13%
CNMD	C	0.13%
PAYS	F	0.11%
THRY	F	0.11%
CVGI	F	0.11%
SURG	D	0.09%
IPW	F	0.03%

SQLV Underweight 86 Positions Relative to FDLS

Symbol	Grade	Weight
HNST	B	-1.64%
SMWB	B	-1.32%
DAL	C	-1.31%
DOCU	A	-1.31%
SFM	A	-1.3%
IBKR	A	-1.28%
TILE	B	-1.27%
TDS	B	-1.24%
OPRA	A	-1.19%
TCBX	A	-1.19%
TRGP	B	-1.19%
HQY	B	-1.17%
GRMN	B	-1.16%
NTNX	A	-1.16%
PPC	C	-1.13%
BKR	B	-1.12%
HWM	A	-1.12%
QCRH	A	-1.12%
FIX	A	-1.11%
STLD	B	-1.11%
DECK	A	-1.11%
EME	C	-1.09%
VIRT	B	-1.07%
GEN	B	-1.07%
ACIW	B	-1.07%
EHC	B	-1.06%
FCNCA	A	-1.06%
GFF	A	-1.06%
ITRI	B	-1.06%
CVLT	B	-1.06%
CTAS	B	-1.04%
TSM	B	-1.02%
VNET	B	-1.02%
OSPN	A	-1.02%
RGA	A	-1.01%
MPLX	A	-1.0%
TSN	B	-1.0%
CAT	B	-1.0%
WLDN	D	-0.99%
WRB	A	-0.99%
QNST	B	-0.99%
ADMA	B	-0.99%
WWD	B	-0.99%
CHWY	B	-0.99%
PNW	B	-0.98%
PGR	A	-0.98%
BMI	B	-0.97%
APPF	B	-0.97%
LII	A	-0.96%
CSTL	D	-0.96%
MGIC	F	-0.96%
FANG	D	-0.96%
RNR	C	-0.95%
CBT	C	-0.95%
THC	D	-0.94%
MNDY	C	-0.94%
OFG	B	-0.93%
FRST	B	-0.92%
WES	C	-0.92%
DVA	B	-0.91%
FRBA	C	-0.9%
RMD	C	-0.9%
UGI	A	-0.9%
QCOM	F	-0.9%
SAIC	F	-0.89%
ESEA	D	-0.87%
BCRX	D	-0.87%
PTGX	C	-0.86%
MELI	D	-0.85%
PHM	D	-0.85%
EGY	D	-0.84%
BG	F	-0.84%
VITL	D	-0.83%
HY	D	-0.82%
UHS	D	-0.81%
NOMD	D	-0.81%
MG	D	-0.8%
EVER	F	-0.8%
DHI	D	-0.8%
CRUS	D	-0.77%
FSLR	F	-0.76%
NEM	D	-0.73%
ASC	F	-0.64%
OSCR	D	-0.63%
ATNI	F	-0.62%
ANGI	D	-0.59%