BND vs. DFND ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to Realty Shares DIVCON Dividend Defender ETF (DFND)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$74.15

Average Daily Volume

5,743,135

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.36

Average Daily Volume

325

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BND	DFND
30 Days	-0.55%	7.38%
60 Days	0.34%	8.05%
90 Days	3.35%	10.17%
12 Months	11.27%	16.49%

54 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in DFND	Overlap
AAPL	C	0.01%	0.96%	0.01%
ADI	B	0.01%	1.5%	0.01%
ALB	D	0.01%	0.95%	0.01%
ALLE	A	0.01%	1.55%	0.01%
AMAT	C	0.01%	1.76%	0.01%
AON	A	0.01%	1.41%	0.01%
AVGO	B	0.01%	0.87%	0.01%
BR	B	0.01%	0.7%	0.01%
BRO	A	0.01%	2.01%	0.01%
CB	A	0.01%	1.41%	0.01%
CBOE	B	0.01%	1.29%	0.01%
CMCSA	B	0.01%	1.1%	0.01%
CME	A	0.01%	1.22%	0.01%
CMI	A	0.01%	1.88%	0.01%
CNP	B	0.01%	-2.49%	-2.49%
COST	C	0.01%	1.15%	0.01%
CSCO	A	0.01%	1.38%	0.01%
CTAS	C	0.01%	2.44%	0.01%
D	A	0.01%	-3.02%	-3.02%
DHI	C	0.01%	1.72%	0.01%
DVN	F	0.01%	-1.12%	-1.12%
ETN	B	0.01%	1.59%	0.01%
GL	C	0.01%	0.9%	0.01%
GWW	B	0.01%	2.0%	0.01%
HON	C	0.01%	1.31%	0.01%
HSY	D	0.01%	1.48%	0.01%
HUBB	A	0.01%	1.24%	0.01%
INTC	D	0.01%	-1.04%	-1.04%
INTU	F	0.01%	0.69%	0.01%
IP	C	0.01%	-2.01%	-2.01%
ITW	C	0.01%	1.68%	0.01%
KLAC	B	0.01%	2.96%	0.01%
LIN	C	0.01%	1.28%	0.01%
LMT	A	0.01%	2.23%	0.01%
LUV	B	0.01%	-1.88%	-1.88%
MA	A	0.01%	1.67%	0.01%
MCD	A	0.01%	2.25%	0.01%
MCHP	F	0.01%	0.1%	0.01%
MCO	D	0.01%	1.83%	0.01%
MLM	F	0.01%	0.74%	0.01%
MMC	D	0.01%	1.23%	0.01%
MPC	D	0.01%	2.19%	0.01%
MSFT	D	0.01%	1.01%	0.01%
MSI	A	0.01%	1.7%	0.01%
PG	D	0.01%	2.37%	0.01%
PHM	C	0.01%	2.22%	0.01%
PPG	D	0.01%	1.93%	0.01%
ROK	D	0.01%	1.56%	0.01%
SHW	C	0.01%	2.23%	0.01%
SNA	C	0.01%	2.15%	0.01%
T	B	0.01%	-2.17%	-2.17%
V	B	0.01%	2.41%	0.01%
VFC	A	0.01%	-1.06%	-1.06%
VRSK	D	0.01%	2.26%	0.01%

BND Overweight 491 Positions Relative to DFND

Symbol	Grade	Weight
WIT	C	0.09%
LXP	D	0.01%
LVS	B	0.01%
NKE	D	0.01%
PAA	B	0.01%
NFG	A	0.01%
LRCX	D	0.01%
OSK	F	0.01%
NEM	C	0.01%
MKL	B	0.01%
MKC	C	0.01%
ORLY	A	0.01%
ORI	A	0.01%
LNT	B	0.01%
LLY	D	0.01%
OCSL	D	0.01%
OC	C	0.01%
NYC	D	0.01%
NWE	C	0.01%
NVR	C	0.01%
NVDA	B	0.01%
MCY	B	0.01%
NTRS	B	0.01%
MCK	F	0.01%
PDM	C	0.01%
NSC	C	0.01%
GSBD	D	0.01%
HUN	B	0.01%
GPN	F	0.01%
HRB	C	0.01%
HPP	F	0.01%
JNPR	C	0.01%
JNJ	D	0.01%
IPG	D	0.01%
INVH	D	0.01%
INGR	B	0.01%
HII	F	0.01%
ILMN	B	0.01%
HBAN	B	0.01%
JBLU	B	0.01%
JBL	C	0.01%
JBHT	D	0.01%
ICE	A	0.01%
ET	A	0.01%
EQIX	C	0.01%
EOG	B	0.01%
EMR	B	0.01%
EMN	C	0.01%
FTV	C	0.01%
EIX	C	0.01%
FSK	A	0.01%
CAH	B	0.01%
CAF	A	0.01%
BXP	B	0.01%
BWA	C	0.01%
DLTR	F	0.01%
CPB	D	0.01%
CP	C	0.01%
COO	C	0.01%
A	B	0.01%
THG	A	0.01%
TEL	D	0.01%
SYY	D	0.01%
SYK	C	0.01%
ZTS	C	0.01%
ZION	D	0.01%
ZBH	F	0.01%
TRMB	B	0.01%
TME	B	0.01%
PKG	B	0.01%
PGR	B	0.01%
NOW	B	0.01%
NOV	F	0.01%
NNN	C	0.01%
OKE	A	0.01%
OHI	C	0.01%
OGS	C	0.01%
OGE	C	0.01%
LHX	A	0.01%
LH	D	0.01%
O	C	0.01%
LEA	F	0.01%
LDOS	A	0.01%
MPLX	B	0.01%
KEY	B	0.01%
KDP	C	0.01%
IVZ	A	0.01%
GLW	C	0.01%
GLPI	C	0.01%
JLL	C	0.01%
JHG	A	0.01%
JEF	A	0.01%
JD	A	0.01%
L	C	0.01%
JCI	C	0.01%
KMT	C	0.01%
KMPR	D	0.01%
KMB	D	0.01%
GBDC	B	0.01%
UNM	A	0.01%
WEC	B	0.01%
WB	B	0.01%
UBS	B	0.01%
TXN	C	0.01%
VTR	C	0.01%
TSN	D	0.01%
SYF	A	0.01%
SWK	C	0.01%
VRSN	C	0.01%
VNT	F	0.01%
STZ	D	0.01%
STLD	C	0.01%
XEL	C	0.01%
WTFC	B	0.01%
WPC	C	0.01%
R	C	0.01%
SLG	C	0.01%
SKT	A	0.01%
SITC	D	0.01%
RS	D	0.01%
PYPL	A	0.01%
RPM	A	0.01%
ROST	D	0.01%
PWR	A	0.01%
PSX	D	0.01%
RL	B	0.01%
RIV	A	0.01%
PFG	A	0.01%
SCS	D	0.01%
SCHW	D	0.01%
RGA	B	0.01%
REXR	D	0.01%
SBUX	B	0.01%
SAVE	F	0.01%
REGN	D	0.01%
SPGI	C	0.01%
SPG	A	0.01%
SAFE	C	0.01%
EG	A	0.01%
SON	D	0.01%
SNX	C	0.01%
SNV	D	0.01%
MOS	F	0.01%
MAS	C	0.01%
PCAR	D	0.01%
LYB	B	0.01%
MMM	C	0.01%
NHI	C	0.01%
NEU	F	0.01%
OTIS	A	0.01%
LOW	C	0.01%
NDAQ	C	0.01%
LNC	B	0.01%
MHK	C	0.01%
NYCB	D	0.01%
NXPI	F	0.01%
MU	D	0.01%
JPM	C	0.01%
BA	F	0.01%
HSBC	A	0.01%
ABBV	C	0.01%
BAC	B	0.01%
GE	B	0.01%
MTB	A	0.01%
MDLZ	D	0.01%
NVT	C	0.01%
NUE	D	0.01%
NTAP	D	0.01%
HUM	F	0.01%
HST	D	0.01%
GPC	D	0.01%
GP	D	0.01%
HRL	F	0.01%
HR	D	0.01%
GOOGL	B	0.01%
HPQ	B	0.01%
HP	D	0.01%
HOG	D	0.01%
HIW	C	0.01%
HIG	A	0.01%
HES	D	0.01%
IFF	D	0.01%
IEX	D	0.01%
HAS	A	0.01%
H	B	0.01%
GXO	D	0.01%
ESS	D	0.01%
ESGR	C	0.01%
ES	D	0.01%
EQR	C	0.01%
EQH	B	0.01%
EPRT	C	0.01%
EPR	C	0.01%
FTNT	A	0.01%
FRT	D	0.01%
FNF	C	0.01%
EW	F	0.01%
EVRG	C	0.01%
ETR	A	0.01%
CAG	D	0.01%
BSX	A	0.01%
BRX	C	0.01%
AAT	C	0.01%
AAP	F	0.01%
CAT	A	0.01%
PEG	A	0.01%
PECO	C	0.01%
DOC	C	0.01%
DHR	D	0.01%
DG	F	0.01%
DFS	A	0.01%
EL	D	0.01%
EFX	D	0.01%
FE	C	0.01%
EE	B	0.01%
DAL	C	0.01%
EA	D	0.01%
DXC	C	0.01%
CTS	B	0.01%
DTE	B	0.01%
CSL	A	0.01%
FMC	C	0.01%
FLS	A	0.01%
FLO	D	0.01%
DOX	B	0.01%
FIS	A	0.01%
BC	C	0.01%
BBY	C	0.01%
ALL	A	0.01%
COE	D	0.01%
BAX	D	0.01%
AIZ	B	0.01%
CNO	B	0.01%
AZO	D	0.01%
CNA	D	0.01%
AXS	A	0.01%
AWK	D	0.01%
AVT	B	0.01%
CMA	C	0.01%
CLX	C	0.01%
AVB	C	0.01%
AGR	C	0.01%
AGO	B	0.01%
ATO	A	0.01%
CL	D	0.01%
CINF	A	0.01%
AES	C	0.01%
AEP	C	0.01%
AEE	A	0.01%
ADP	A	0.01%
ADM	F	0.01%
CHRW	C	0.01%
CHH	A	0.01%
CHD	D	0.01%
BMO	B	0.01%
ARW	C	0.01%
ADC	C	0.01%
ACGL	A	0.01%
CF	A	0.01%
BKNG	B	0.01%
ARE	D	0.01%
ARCC	A	0.01%
CE	D	0.01%
CDNS	D	0.01%
BG	F	0.01%
CRM	B	0.01%
CBT	B	0.01%
BEN	F	0.01%
AN	D	0.01%
AMP	A	0.01%
CACC	F	0.01%
CPT	C	0.01%
BDN	B	0.01%
BCSF	A	0.01%
AMH	D	0.01%
AMG	B	0.01%
AAL	D	0.01%
TGT	C	0.01%
TDY	A	0.01%
TAP	D	0.01%
TRV	B	0.01%
XYL	C	0.01%
XRAY	D	0.01%
TMO	D	0.01%
TKR	B	0.01%
TJX	D	0.01%
PH	A	0.01%
OPI	F	0.01%
LII	C	0.01%
LEN	C	0.01%
LEG	D	0.01%
LAZ	C	0.01%
MRVL	C	0.01%
MRO	B	0.01%
MP	C	0.01%
KIM	C	0.01%
KEYS	B	0.01%
KEX	C	0.01%
K	B	0.01%
GIS	C	0.01%
KSS	D	0.01%
KRG	C	0.01%
KRC	C	0.01%
KR	C	0.01%
KOF	D	0.01%
KMI	A	0.01%
GD	C	0.01%
UPS	D	0.01%
UNP	F	0.01%
WELL	C	0.01%
UHS	D	0.01%
UDR	C	0.01%
WBS	D	0.01%
WBA	F	0.01%
WAB	A	0.01%
TXT	F	0.01%
TT	A	0.01%
TSLX	B	0.01%
TSCO	A	0.01%
SWX	C	0.01%
SWKS	F	0.01%
VOYA	A	0.01%
VNO	B	0.01%
VMI	B	0.01%
SUI	D	0.01%
STT	A	0.01%
VMC	D	0.01%
VLO	F	0.01%
STLA	F	0.01%
STE	D	0.01%
WY	C	0.01%
WU	D	0.01%
WTRG	D	0.01%
WRB	C	0.01%
WMB	A	0.01%
WM	B	0.01%
WLK	C	0.01%
WHR	C	0.01%
PNW	C	0.01%
RYN	C	0.01%
PNR	C	0.01%
QRVO	F	0.01%
PM	D	0.01%
PLD	D	0.01%
SLB	D	0.01%
SJM	D	0.01%
RSG	D	0.01%
QCOM	D	0.01%
SIGI	D	0.01%
RPRX	D	0.01%
ROP	D	0.01%
RNR	A	0.01%
SF	A	0.01%
RJF	B	0.01%
PSEC	C	0.01%
PSA	C	0.01%
RF	B	0.01%
SBRA	C	0.01%
REG	C	0.01%
PRE	D	0.01%
PPL	C	0.01%
SO	A	0.01%
MAR	A	0.01%
MAIN	A	0.01%
MAA	D	0.01%
NOC	B	0.01%
OMC	C	0.01%
MRK	F	0.01%
USB	C	0.01%
UNH	B	0.01%
UAL	A	0.01%
VTRS	D	0.01%
RY	C	0.01%
SCCO	B	0.01%
BHP	B	0.01%
BDX	C	0.01%
CARR	A	0.01%
DIS	D	0.01%
DD	C	0.01%
DB	A	0.01%
EDC	A	0.01%
COF	A	0.01%
MO	D	0.01%
NEE	C	0.01%
MET	A	0.01%
GSK	F	0.01%
HAL	D	0.01%
EPD	A	0.01%
GM	D	0.01%
GILD	A	0.01%
KO	C	0.01%
SRE	C	0.01%
WMT	A	0.01%
PNC	C	0.01%
PFE	D	0.01%
PRU	B	0.01%
AIG	C	0.01%
CI	D	0.01%
BNS	C	0.01%
CFG	C	0.01%
COP	D	0.01%
TFC	D	0.01%
HPE	B	0.01%
HD	A	0.01%
HCA	C	0.01%
EQNR	D	0.01%
FOXA	B	0.01%
PEP	F	0.01%
DLR	C	0.01%
FITB	C	0.01%
ALLY	F	0.01%
BABA	A	0.01%
NI	A	0.01%
MDT	C	0.01%
VOD	D	0.01%
RTX	A	0.01%
AZN	D	0.01%
IBM	A	0.01%
DT	B	0.01%
ORCL	A	0.01%
NWG	B	0.01%
CHTR	D	0.01%
BMY	A	0.01%
ABT	C	0.01%
AMZN	C	0.01%
AMGN	D	0.01%
DELL	C	0.01%
MUFG	D	0.01%
MS	A	0.01%
C	B	0.01%
AXP	A	0.01%
VZ	C	0.01%
XOM	A	0.01%
PCG	C	0.01%
TD	B	0.01%
WFC	B	0.01%
TMUS	A	0.01%
CVS	D	0.01%
GS	B	0.01%
FHN	D	0.01%
DGX	D	0.01%
DE	C	0.01%
FDX	F	0.01%
ED	C	0.01%
ECL	C	0.01%
EBAY	A	0.01%
CVX	B	0.01%
CUBE	C	0.01%
CTVA	A	0.01%
FANG	D	0.01%
DUK	C	0.01%
CSX	D	0.01%
FAF	C	0.01%
FLEX	B	0.01%
EXR	D	0.01%
EXPE	B	0.01%
EXC	C	0.01%
DRI	C	0.01%
DOW	B	0.01%
DOV	C	0.01%
DSS	F	0.01%
COKE	C	0.01%
AL	D	0.01%
AJG	C	0.01%
CNH	C	0.01%
AYI	A	0.01%
CMS	A	0.01%
AWH	F	0.01%
AVY	D	0.01%
CM	C	0.01%
AVA	D	0.01%
AFL	A	0.01%
AFG	A	0.01%
AER	C	0.01%
ADSK	B	0.01%
CHI	B	0.01%
ADBE	F	0.01%
BLK	A	0.01%
BKH	C	0.01%
BK	A	0.01%
BIIB	F	0.01%
APTV	D	0.01%
APO	A	0.01%
BIDU	C	0.01%
BHF	D	0.01%
APH	D	0.01%
APD	C	0.01%
CCI	D	0.01%
BERY	C	0.01%
AMT	D	0.01%
AMCR	C	0.01%

BND Underweight 16 Positions Relative to DFND

Symbol	Grade	Weight
NDSN	C	-2.28%
MPWR	B	-2.12%
FDS	C	-2.07%
J	F	-1.58%
AOS	C	-1.37%
MSCI	B	-1.27%
FAST	C	-0.99%
LW	D	-0.94%
ODFL	F	-0.78%
ACN	B	-0.33%
PARA	F	--0.32%
APA	F	--0.9%
NWS	D	--1.72%
SW	C	--2.15%
FCX	B	--2.22%
F	D	--2.35%