SQLV vs. IPAY ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to ETFMG Prime Mobile Payments ETF (IPAY)

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

$43.46

Average Daily Volume

786

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$58.58

Average Daily Volume

22,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	IPAY
30 Days	1.80%	7.09%
60 Days	5.36%	14.28%
90 Days	7.69%	17.84%
12 Months	19.99%	45.17%

3 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in IPAY	Overlap
EEFT	C	0.51%	1.98%	0.51%
IMXI	B	0.3%	0.29%	0.29%
WU	F	0.37%	1.32%	0.37%

SQLV Overweight 254 Positions Relative to IPAY

Symbol	Grade	Weight
BFH	A	1.13%
CALM	A	0.9%
CEIX	A	0.83%
VCTR	B	0.82%
CORT	B	0.82%
PAYO	A	0.81%
IDCC	A	0.78%
CAR	C	0.78%
DXC	C	0.77%
EBC	A	0.77%
CATY	A	0.76%
POWL	C	0.75%
AX	A	0.75%
TGNA	B	0.75%
SLVM	B	0.75%
IBOC	A	0.74%
FDP	A	0.74%
BKE	A	0.74%
AGX	B	0.72%
LRN	A	0.71%
STRL	B	0.71%
BTU	B	0.7%
SANM	B	0.69%
SKYW	A	0.67%
CCSI	B	0.67%
APAM	A	0.66%
HAFC	A	0.66%
MD	B	0.66%
ALE	A	0.65%
PRG	A	0.65%
PBF	D	0.65%
KFY	B	0.63%
FHI	A	0.63%
WHD	B	0.62%
AMR	C	0.61%
WTTR	A	0.6%
LE	D	0.59%
NMIH	D	0.59%
TDOC	C	0.56%
OMCL	C	0.56%
PRDO	B	0.55%
PAHC	A	0.55%
LGND	B	0.55%
WTFC	A	0.55%
ANDE	C	0.55%
HUBG	A	0.55%
NECB	A	0.54%
CRCT	F	0.54%
WS	B	0.53%
INVA	C	0.53%
ASO	F	0.53%
SCS	A	0.52%
NTGR	A	0.52%
NVST	C	0.52%
NBN	A	0.52%
MCB	A	0.52%
PFBC	A	0.52%
PRGS	B	0.52%
CNXN	D	0.49%
PBH	A	0.49%
TEX	D	0.49%
ITGR	B	0.49%
BXC	B	0.48%
MBWM	A	0.48%
GIII	D	0.48%
TPC	C	0.48%
MCRI	A	0.47%
FISI	A	0.47%
CIVB	A	0.47%
ADUS	D	0.46%
LMAT	A	0.46%
PLUS	F	0.46%
OSBC	A	0.46%
IRDM	C	0.46%
UNTY	A	0.46%
HAE	A	0.46%
DK	D	0.46%
THFF	A	0.45%
IOSP	C	0.45%
BELFB	C	0.44%
MSBI	A	0.44%
CTS	B	0.44%
INSW	F	0.44%
AMCX	C	0.43%
RMR	F	0.43%
CVI	D	0.43%
SUPN	B	0.43%
EWCZ	D	0.42%
NTCT	B	0.42%
BHE	B	0.42%
DAKT	A	0.42%
RLGT	B	0.41%
IPGP	D	0.41%
ASTH	F	0.41%
CPRX	C	0.4%
DHIL	A	0.4%
HRMY	D	0.4%
ZD	B	0.4%
YELP	C	0.4%
EBF	D	0.39%
DVAX	C	0.39%
PKBK	A	0.39%
EVBN	A	0.39%
AVNS	F	0.38%
ATKR	C	0.38%
VCYT	B	0.38%
VSH	F	0.38%
TH	C	0.37%
AMPH	F	0.37%
WKC	C	0.37%
METC	C	0.37%
WOR	F	0.37%
RNGR	A	0.37%
HCKT	A	0.37%
ROCK	C	0.37%
LQDT	A	0.37%
ARRY	C	0.36%
NPK	B	0.36%
OLPX	D	0.36%
SGC	C	0.35%
REX	C	0.35%
HSTM	B	0.34%
TDC	F	0.34%
ATEN	A	0.34%
BSIG	A	0.34%
NX	C	0.33%
RES	F	0.33%
PLAB	D	0.33%
ACIC	B	0.33%
KFRC	D	0.33%
CRI	D	0.33%
DFIN	D	0.33%
PLPC	B	0.33%
JBSS	F	0.33%
CVEO	D	0.32%
EMBC	C	0.32%
FOR	F	0.32%
IART	C	0.31%
SMLR	B	0.31%
GNE	F	0.31%
COHU	D	0.31%
LGTY	B	0.3%
MPX	C	0.3%
MRVI	F	0.3%
MCFT	B	0.3%
RYI	B	0.3%
IRMD	B	0.3%
FLWS	D	0.3%
SPOK	B	0.29%
ACCO	B	0.29%
KRT	A	0.29%
USNA	C	0.29%
CHGG	D	0.29%
OMI	F	0.29%
CASS	B	0.29%
WNC	C	0.29%
JELD	F	0.28%
SIGA	F	0.28%
COLL	F	0.28%
HBB	F	0.28%
WRLD	D	0.27%
PUMP	F	0.27%
CRVL	B	0.27%
PLXS	B	0.27%
VREX	C	0.27%
EE	A	0.27%
CLW	F	0.26%
NVEC	D	0.26%
NATR	B	0.26%
WINA	B	0.26%
ZIP	D	0.26%
ODP	F	0.26%
PFC	A	0.25%
BTMD	D	0.25%
GIC	F	0.25%
PKE	B	0.25%
CTKB	C	0.25%
ANIP	D	0.25%
UTMD	D	0.24%
MNSB	D	0.24%
HOFT	C	0.24%
RGP	F	0.24%
TZOO	A	0.24%
MED	D	0.24%
ZEUS	C	0.24%
PARR	D	0.24%
ARCH	B	0.23%
TCMD	A	0.23%
CCRN	F	0.23%
ICUI	D	0.23%
EVC	B	0.22%
JILL	C	0.22%
MTUS	F	0.22%
CNS	B	0.22%
PBYI	D	0.21%
IIIN	C	0.21%
PETS	C	0.21%
MPAA	B	0.21%
LCUT	F	0.21%
SSTK	F	0.2%
CMT	F	0.2%
MDXG	A	0.2%
DBRG	D	0.2%
VRA	D	0.2%
OFLX	C	0.2%
PCRX	C	0.2%
ASRT	F	0.2%
STAA	F	0.2%
RCMT	C	0.19%
LFVN	B	0.19%
MYPS	C	0.19%
HBCP	A	0.19%
UVE	A	0.19%
MITK	C	0.19%
IRWD	D	0.18%
HTZ	C	0.18%
VIRC	C	0.18%
INTT	C	0.18%
ZYXI	D	0.18%
TGTX	B	0.18%
VPG	F	0.17%
JAKK	C	0.17%
RCKY	F	0.17%
STBA	A	0.17%
HSII	B	0.17%
OSUR	F	0.16%
ACDC	D	0.16%
HCI	B	0.16%
BBW	B	0.16%
MGNI	A	0.16%
LXU	C	0.16%
ANGO	C	0.15%
ANIK	D	0.15%
SCSC	B	0.15%
EXTR	B	0.15%
DXLG	C	0.15%
NRC	F	0.15%
CCRD	A	0.15%
TWI	F	0.14%
CSPI	C	0.14%
BOX	B	0.14%
HWKN	C	0.14%
BLBD	F	0.13%
IMMR	F	0.13%
SD	F	0.13%
POWW	F	0.13%
CNMD	C	0.13%
THRY	F	0.12%
CVGI	F	0.12%
PAYS	F	0.12%
YOU	D	0.12%
LTRX	F	0.11%
SURG	F	0.1%
IPW	F	0.06%

SQLV Underweight 24 Positions Relative to IPAY

Symbol	Grade	Weight
FI	A	-6.52%
PYPL	A	-6.25%
V	A	-5.97%
AXP	A	-5.95%
MA	A	-5.77%
TOST	A	-5.17%
DFS	A	-5.12%
COIN	A	-4.87%
CPAY	A	-4.63%
AFRM	A	-4.53%
SQ	A	-4.47%
FIS	B	-4.3%
GPN	B	-4.03%
WEX	F	-3.22%
FOUR	B	-2.95%
ACIW	B	-2.44%
QTWO	A	-2.31%
STNE	F	-1.34%
VYX	C	-0.77%
EVTC	C	-0.69%
MQ	F	-0.63%
PAGS	F	-0.62%
GDOT	C	-0.32%
DLO	C	-0.32%