COWS vs. NVIR ETF Comparison

Comparison of Amplify Cash Flow Dividend Leaders ETF (COWS) to Listed Funds Trust Horizon Kinetics Energy and Remediation ETF (NVIR)

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$29.24

Average Daily Volume

7,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NVIR

Listed Funds Trust Horizon Kinetics Energy and Remediation ETF

NVIR Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in securities of companies that are expected to benefit, either directly or indirectly, from the increasing focus on climate and environmentally sensitive carbon-based energy production. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.41

Average Daily Volume

679

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	COWS	NVIR
30 Days	-1.62%	-1.05%
60 Days	-0.72%	-0.16%
90 Days	4.59%	4.25%
12 Months	23.96%	9.76%

1 Overlapping Holdings

	Symbol	Grade	Weight in COWS	Weight in NVIR	Overlap
	SLB	F	2.4%	2.34%	2.34%

COWS Overweight 52 Positions Relative to NVIR

Symbol	Grade	Weight
VST	B	3.66%
SNA	A	2.85%
OC	B	2.68%
CMCSA	A	2.58%
BC	C	2.54%
TKR	C	2.52%
CF	B	2.49%
FNF	C	2.47%
EBAY	D	2.44%
MRO	C	2.38%
G	C	2.35%
HAL	F	2.34%
WSM	F	2.33%
FDX	C	2.27%
TPR	A	2.19%
SWKS	F	2.09%
NXST	A	2.09%
SM	F	2.06%
PARA	C	2.02%
BMY	A	1.96%
PVH	C	1.96%
ALSN	A	1.93%
PTEN	F	1.9%
BEN	B	1.83%
VLO	F	1.83%
ASO	F	1.77%
MUR	F	1.75%
NOV	F	1.74%
MGY	C	1.71%
GAP	D	1.68%
BBWI	F	1.67%
T	A	1.66%
PR	F	1.65%
OGN	D	1.56%
MTDR	D	1.56%
DVN	F	1.53%
AEO	F	1.51%
OLN	F	1.46%
BWA	D	1.38%
TMUS	B	1.38%
LEA	F	1.38%
AYI	A	1.34%
VNT	B	1.33%
CSCO	B	1.32%
IPG	F	1.32%
DNB	B	1.31%
RL	B	1.29%
OSK	C	1.28%
MCK	C	1.24%
SAIC	A	1.23%
INGR	C	1.17%
ENS	F	1.17%

COWS Underweight 28 Positions Relative to NVIR

Symbol	Grade	Weight
XOM	C	-7.86%
TPL	A	-5.45%
WMB	A	-5.18%
FANG	F	-4.08%
LNG	A	-3.92%
EQT	C	-3.78%
EOG	D	-3.19%
COP	D	-3.08%
ITRI	A	-2.62%
OXY	F	-2.61%
PNR	B	-2.56%
BMI	D	-2.45%
ECL	C	-2.29%
FLS	A	-2.21%
FLR	B	-2.08%
VLTO	D	-1.88%
XYL	F	-1.77%
LBRT	F	-1.64%
WTS	D	-1.59%
PBT	F	-1.47%
FELE	D	-1.46%
OIS	D	-1.29%
IEX	A	-1.28%
IDXX	F	-1.28%
ERII	A	-1.17%
TTI	C	-1.1%
SJT	C	-1.05%
SBR	D	-0.82%