TVAL vs. LSAF ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$32.49

Average Daily Volume

11,689

Number of Holdings ^*

143

* 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

$42.39

Average Daily Volume

11,713

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	LSAF
30 Days	-0.12%	-0.32%
60 Days	2.65%	4.13%
90 Days	4.84%	7.87%
12 Months	27.28%	30.75%

18 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in LSAF	Overlap
AIG	C	0.87%	0.96%	0.87%
AXP	B	0.26%	1.0%	0.26%
AZO	C	0.52%	0.94%	0.52%
CAT	C	0.3%	0.94%	0.3%
CI	D	0.87%	0.92%	0.87%
CMI	A	1.09%	1.03%	1.03%
CPAY	A	0.42%	1.12%	0.42%
EQH	B	1.0%	1.09%	1.0%
FI	A	1.53%	1.12%	1.12%
HCA	F	0.45%	0.82%	0.45%
HIG	B	1.96%	0.95%	0.95%
LEN	D	0.42%	0.83%	0.42%
MAR	B	0.47%	1.08%	0.47%
MET	A	0.22%	0.94%	0.22%
SPGI	D	0.26%	0.92%	0.26%
STLD	B	0.32%	1.08%	0.32%
TMUS	B	0.88%	1.09%	0.88%
VST	A	0.74%	1.12%	0.74%

TVAL Overweight 125 Positions Relative to LSAF

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	C	1.67%
KVUE	A	1.49%
PM	A	1.41%
LHX	B	1.36%
COP	B	1.25%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	F	1.1%
QCOM	F	1.08%
BDX	F	1.01%
GOOG	B	0.95%
SCHW	A	0.89%
WY	D	0.88%
META	C	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	B	0.81%
MCK	A	0.8%
MRK	F	0.8%
FITB	B	0.77%
NWSA	B	0.75%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	C	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	A	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	D	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	D	0.65%
IP	A	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	F	0.6%
NEE	C	0.59%
VZ	C	0.58%
USB	B	0.56%
BA	D	0.56%
MS	A	0.56%
D	C	0.55%
RPM	B	0.52%
ROK	B	0.52%
CF	A	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	B	0.48%
AZN	F	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	A	0.46%
MCD	D	0.46%
APO	A	0.46%
TDG	D	0.46%
HBAN	B	0.45%
ARES	A	0.45%
MU	D	0.45%
PSA	C	0.44%
FANG	D	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	D	0.42%
LVS	B	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	F	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	F	0.36%
YUM	D	0.36%
BKR	B	0.35%
KEYS	C	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	F	0.33%
COF	B	0.33%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
VRTX	D	0.29%
ROP	C	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	F	0.27%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	F	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 81 Positions Relative to LSAF

Symbol	Grade	Weight
EXEL	B	-1.3%
TRGP	A	-1.25%
SYF	B	-1.23%
FTNT	B	-1.2%
GM	B	-1.2%
AAON	B	-1.19%
EXPE	B	-1.16%
NTNX	B	-1.15%
UNM	A	-1.14%
FICO	B	-1.14%
AMP	A	-1.13%
GS	B	-1.13%
BKNG	A	-1.12%
LOPE	B	-1.12%
OWL	A	-1.11%
PLNT	A	-1.1%
PRI	A	-1.07%
LNW	F	-1.07%
UTHR	C	-1.06%
JBL	C	-1.05%
DUOL	A	-1.05%
GOOGL	B	-1.04%
FOXA	B	-1.04%
GEN	B	-1.04%
RS	B	-1.04%
IT	C	-1.03%
PSN	C	-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%
WRB	B	-1.01%
GWRE	A	-1.01%
EXP	B	-1.01%
RL	C	-1.01%
ORI	A	-1.0%
MO	A	-1.0%
FIS	C	-0.99%
BR	B	-0.99%
AMG	C	-0.98%
LPX	B	-0.98%
EEFT	C	-0.98%
WWD	B	-0.97%
H	B	-0.97%
PVH	C	-0.96%
REG	A	-0.96%
COLM	B	-0.95%
CSL	C	-0.95%
LOW	C	-0.94%
THC	C	-0.94%
SPB	C	-0.94%
GPK	D	-0.93%
TXT	D	-0.93%
SNX	D	-0.93%
AFL	C	-0.93%
PSX	C	-0.92%
LMT	D	-0.92%
MTG	D	-0.92%
TOL	B	-0.92%
AAPL	C	-0.91%
DVA	C	-0.91%
MPC	D	-0.9%
EBAY	D	-0.89%
COKE	C	-0.89%
POST	C	-0.89%
MAS	D	-0.88%
HRB	D	-0.88%
DD	D	-0.87%
NVR	D	-0.87%
BLDR	D	-0.86%
AN	D	-0.86%
PHM	D	-0.84%
NSA	C	-0.83%
MHK	D	-0.83%
BLD	F	-0.83%
FBIN	F	-0.8%
MTD	F	-0.79%
WMS	F	-0.78%
CROX	F	-0.66%