SQLV vs. XTL ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to SPDR S&P Telecom ETF (XTL)

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

$43.48

Average Daily Volume

759

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

XTL

SPDR S&P Telecom ETF

XTL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$104.65

Average Daily Volume

15,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	XTL
30 Days	2.64%	0.24%
60 Days	3.90%	5.94%
90 Days	6.91%	10.67%
12 Months	18.11%	49.28%

4 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in XTL	Overlap
EXTR	C	0.15%	2.95%	0.15%
IRDM	F	0.46%	3.43%	0.46%
NTCT	C	0.42%	1.8%	0.42%
NTGR	A	0.52%	0.4%	0.4%

SQLV Overweight 253 Positions Relative to XTL

Symbol	Grade	Weight
BFH	B	1.13%
CALM	A	0.9%
CEIX	A	0.83%
VCTR	B	0.82%
CORT	C	0.82%
PAYO	A	0.81%
IDCC	B	0.78%
CAR	C	0.78%
DXC	D	0.77%
EBC	B	0.77%
CATY	B	0.76%
POWL	C	0.75%
AX	B	0.75%
TGNA	B	0.75%
SLVM	C	0.75%
IBOC	B	0.74%
FDP	B	0.74%
BKE	B	0.74%
AGX	B	0.72%
LRN	A	0.71%
STRL	A	0.71%
BTU	C	0.7%
SANM	B	0.69%
SKYW	B	0.67%
CCSI	C	0.67%
APAM	B	0.66%
HAFC	B	0.66%
MD	C	0.66%
ALE	A	0.65%
PRG	C	0.65%
PBF	D	0.65%
KFY	B	0.63%
FHI	B	0.63%
WHD	B	0.62%
AMR	C	0.61%
WTTR	A	0.6%
LE	D	0.59%
NMIH	D	0.59%
TDOC	D	0.56%
OMCL	C	0.56%
PRDO	B	0.55%
PAHC	B	0.55%
LGND	C	0.55%
WTFC	B	0.55%
ANDE	F	0.55%
HUBG	A	0.55%
NECB	B	0.54%
CRCT	F	0.54%
WS	B	0.53%
INVA	C	0.53%
ASO	F	0.53%
SCS	B	0.52%
NVST	C	0.52%
NBN	B	0.52%
MCB	B	0.52%
PFBC	B	0.52%
PRGS	B	0.52%
EEFT	C	0.51%
CNXN	D	0.49%
PBH	A	0.49%
TEX	D	0.49%
ITGR	B	0.49%
BXC	B	0.48%
MBWM	B	0.48%
GIII	D	0.48%
TPC	C	0.48%
MCRI	A	0.47%
FISI	B	0.47%
CIVB	B	0.47%
ADUS	D	0.46%
LMAT	A	0.46%
PLUS	F	0.46%
OSBC	B	0.46%
UNTY	B	0.46%
HAE	C	0.46%
DK	D	0.46%
THFF	B	0.45%
IOSP	C	0.45%
BELFB	C	0.44%
MSBI	B	0.44%
CTS	C	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%
BHE	B	0.42%
DAKT	B	0.42%
RLGT	B	0.41%
IPGP	D	0.41%
ASTH	F	0.41%
CPRX	C	0.4%
DHIL	A	0.4%
HRMY	F	0.4%
ZD	B	0.4%
YELP	C	0.4%
EBF	D	0.39%
DVAX	C	0.39%
PKBK	B	0.39%
EVBN	B	0.39%
AVNS	F	0.38%
ATKR	D	0.38%
VCYT	B	0.38%
VSH	F	0.38%
WU	F	0.37%
TH	C	0.37%
AMPH	F	0.37%
WKC	D	0.37%
METC	C	0.37%
WOR	F	0.37%
RNGR	A	0.37%
HCKT	B	0.37%
ROCK	D	0.37%
LQDT	A	0.37%
ARRY	F	0.36%
NPK	C	0.36%
OLPX	D	0.36%
SGC	C	0.35%
REX	D	0.35%
HSTM	A	0.34%
TDC	D	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	F	0.33%
DFIN	D	0.33%
PLPC	B	0.33%
JBSS	F	0.33%
CVEO	D	0.32%
EMBC	D	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	C	0.3%
RYI	C	0.3%
IRMD	C	0.3%
IMXI	B	0.3%
FLWS	F	0.3%
SPOK	B	0.29%
ACCO	B	0.29%
KRT	B	0.29%
USNA	C	0.29%
CHGG	F	0.29%
OMI	F	0.29%
CASS	B	0.29%
WNC	D	0.29%
JELD	F	0.28%
SIGA	F	0.28%
COLL	F	0.28%
HBB	F	0.28%
WRLD	D	0.27%
PUMP	D	0.27%
CRVL	A	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	B	0.25%
BTMD	B	0.25%
GIC	F	0.25%
PKE	C	0.25%
CTKB	C	0.25%
ANIP	D	0.25%
UTMD	F	0.24%
MNSB	C	0.24%
HOFT	C	0.24%
RGP	F	0.24%
TZOO	B	0.24%
MED	F	0.24%
ZEUS	C	0.24%
PARR	F	0.24%
ARCH	B	0.23%
TCMD	B	0.23%
CCRN	F	0.23%
ICUI	D	0.23%
EVC	C	0.22%
JILL	D	0.22%
MTUS	D	0.22%
CNS	B	0.22%
PBYI	D	0.21%
IIIN	D	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	F	0.2%
VRA	D	0.2%
OFLX	D	0.2%
PCRX	C	0.2%
ASRT	D	0.2%
STAA	F	0.2%
RCMT	C	0.19%
LFVN	B	0.19%
MYPS	C	0.19%
HBCP	B	0.19%
UVE	A	0.19%
MITK	D	0.19%
IRWD	F	0.18%
HTZ	C	0.18%
VIRC	C	0.18%
INTT	D	0.18%
ZYXI	D	0.18%
TGTX	B	0.18%
VPG	F	0.17%
JAKK	C	0.17%
RCKY	F	0.17%
STBA	B	0.17%
HSII	B	0.17%
OSUR	F	0.16%
ACDC	C	0.16%
HCI	C	0.16%
BBW	B	0.16%
MGNI	A	0.16%
LXU	C	0.16%
ANGO	C	0.15%
ANIK	F	0.15%
SCSC	B	0.15%
DXLG	D	0.15%
NRC	F	0.15%
CCRD	A	0.15%
TWI	F	0.14%
CSPI	C	0.14%
BOX	B	0.14%
HWKN	B	0.14%
BLBD	F	0.13%
IMMR	F	0.13%
SD	F	0.13%
POWW	D	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 34 Positions Relative to XTL

Symbol	Grade	Weight
LITE	B	-6.03%
CIEN	B	-4.91%
TMUS	B	-4.63%
CSCO	B	-4.6%
FFIV	B	-4.55%
MSI	B	-4.42%
ANET	C	-4.24%
CCOI	B	-4.22%
LUMN	C	-4.09%
T	A	-4.06%
JNPR	D	-3.93%
FYBR	C	-3.77%
TDS	B	-3.75%
VZ	C	-3.64%
NPAB	F	-3.55%
INFN	D	-2.74%
UI	A	-2.04%
CALX	D	-2.02%
VIAV	C	-1.84%
AAOI	A	-1.81%
VSAT	F	-1.64%
USM	B	-1.46%
HLIT	D	-1.42%
GOGO	C	-0.98%
GSAT	C	-0.97%
COMM	D	-0.82%
LILAK	F	-0.76%
BAND	D	-0.73%
DGII	B	-0.72%
ATEX	F	-0.6%
IDT	B	-0.49%
CLFD	F	-0.43%
SHEN	F	-0.35%
AVNW	F	-0.14%