XTL vs. FDLS ETF Comparison

Comparison of SPDR S&P Telecom ETF (XTL) to Inspire Fidelis Multi Factor ETF (FDLS)

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

$104.53

Average Daily Volume

15,243

Number of Holdings ^*

* 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

$32.39

Average Daily Volume

12,159

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XTL	FDLS
30 Days	1.24%	0.97%
60 Days	7.60%	5.66%
90 Days	12.75%	6.18%
12 Months	52.21%	23.55%

1 Overlapping Holdings

	Symbol	Grade	Weight in XTL	Weight in FDLS	Overlap
	TDS	B	4.0%	1.3%	1.3%

XTL Overweight 37 Positions Relative to FDLS

Symbol	Grade	Weight
LITE	A	5.25%
CIEN	B	4.98%
ANET	C	4.77%
CCOI	B	4.66%
CSCO	B	4.64%
FFIV	B	4.58%
TMUS	A	4.54%
LUMN	C	4.38%
MSI	A	4.23%
T	A	4.05%
JNPR	D	4.02%
FYBR	C	3.8%
VZ	C	3.63%
IRDM	C	3.4%
EXTR	B	3.11%
NPAB	F	2.86%
INFN	C	2.76%
CALX	F	2.29%
VSAT	F	2.02%
VIAV	B	1.94%
NTCT	B	1.79%
UI	A	1.56%
USM	B	1.54%
HLIT	F	1.37%
AAOI	A	1.16%
GOGO	C	0.98%
COMM	D	0.97%
LILAK	F	0.97%
GSAT	B	0.96%
BAND	C	0.77%
DGII	B	0.73%
ATEX	F	0.65%
CLFD	F	0.54%
IDT	B	0.5%
NTGR	A	0.39%
SHEN	F	0.35%
AVNW	F	0.14%

XTL Underweight 97 Positions Relative to FDLS

Symbol	Grade	Weight
POWL	C	-1.68%
SFM	A	-1.28%
CEIX	A	-1.25%
DOCU	A	-1.24%
DAL	A	-1.21%
TILE	A	-1.21%
IBKR	A	-1.19%
STLD	B	-1.18%
HQY	A	-1.18%
NECB	A	-1.17%
TRGP	A	-1.16%
PPC	B	-1.16%
OPRA	A	-1.16%
NTNX	A	-1.14%
ACIW	B	-1.14%
GRMN	B	-1.14%
TCBX	A	-1.14%
VNET	D	-1.13%
EME	B	-1.1%
MNDY	C	-1.1%
BKR	A	-1.1%
FIX	A	-1.1%
HWM	A	-1.09%
ITRI	B	-1.09%
QCRH	A	-1.08%
BBW	B	-1.08%
BFH	A	-1.08%
DECK	A	-1.07%
EHC	B	-1.07%
TSM	B	-1.07%
CVLT	B	-1.06%
SMWB	A	-1.06%
QNST	C	-1.05%
HNST	A	-1.05%
FCNCA	A	-1.05%
CPRX	C	-1.04%
CTAS	B	-1.04%
CAT	B	-1.04%
HSTM	B	-1.04%
SAIC	D	-1.04%
GEN	B	-1.04%
VIRC	C	-1.03%
CSTL	C	-1.03%
TCMD	A	-1.03%
LGTY	B	-1.02%
OSPN	B	-1.01%
WLDN	C	-1.0%
CBT	C	-1.0%
MPLX	A	-1.0%
VIRT	A	-1.0%
WWD	B	-1.0%
WRB	A	-0.98%
PTGX	D	-0.98%
RNR	D	-0.97%
BMI	B	-0.97%
ADMA	C	-0.96%
PGR	B	-0.96%
RMD	C	-0.96%
THC	C	-0.96%
RGA	A	-0.96%
FANG	D	-0.95%
PNW	A	-0.95%
LII	B	-0.95%
APPF	C	-0.94%
QCOM	F	-0.94%
BELFB	C	-0.94%
PLUS	F	-0.93%
CHWY	B	-0.93%
OFG	B	-0.92%
UGI	C	-0.92%
GFF	A	-0.92%
VITL	F	-0.91%
FRST	A	-0.91%
FRBA	D	-0.9%
WES	C	-0.9%
TSN	A	-0.9%
BCRX	D	-0.89%
DVA	C	-0.88%
EGY	F	-0.88%
MGIC	C	-0.88%
ANGI	F	-0.87%
HY	F	-0.85%
ESEA	C	-0.85%
PHM	D	-0.85%
NOMD	D	-0.84%
UHS	D	-0.83%
DHI	D	-0.82%
BG	D	-0.82%
MELI	D	-0.8%
NEM	F	-0.8%
MG	F	-0.8%
CRUS	F	-0.78%
EVER	F	-0.78%
FSLR	F	-0.76%
ASC	F	-0.68%
ATNI	F	-0.68%
OSCR	F	-0.55%