DFND vs. RAFE ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

$42.88

Average Daily Volume

851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

12,485

Number of Holdings ^*

237

* may have additional holdings in another (foreign) market

Performance

Period	DFND	RAFE
30 Days	-1.19%	1.92%
60 Days	2.16%	3.06%
90 Days	12.82%	4.90%
12 Months	12.95%	24.12%

30 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in RAFE	Overlap
AAPL	C	0.95%	5.06%	0.95%
ACN	C	0.34%	0.78%	0.34%
ADI	D	1.37%	0.31%	0.31%
AMAT	F	1.59%	0.71%	0.71%
AVGO	D	0.86%	1.07%	0.86%
CMCSA	B	1.15%	1.28%	1.15%
CMI	A	2.09%	0.16%	0.16%
CSCO	B	1.5%	2.39%	1.5%
F	C	-2.41%	0.92%	-2.41%
FAST	B	1.13%	0.1%	0.1%
GWW	B	2.25%	0.15%	0.15%
HSY	F	1.36%	0.05%	0.05%
INTC	D	-1.08%	2.33%	-1.08%
IP	B	-2.32%	0.34%	-2.32%
ITW	B	1.71%	0.25%	0.25%
KLAC	D	2.42%	0.18%	0.18%
LIN	D	1.2%	0.91%	0.91%
MA	C	1.75%	0.63%	0.63%
MCHP	D	0.08%	0.05%	0.05%
MCO	B	1.85%	0.13%	0.13%
MSFT	F	1.0%	4.52%	1.0%
MSI	B	1.86%	0.17%	0.17%
PARA	C	-0.33%	0.18%	-0.33%
PG	A	2.27%	2.18%	2.18%
PPG	F	1.77%	0.17%	0.17%
ROK	B	1.65%	0.04%	0.04%
SHW	A	2.25%	0.13%	0.13%
T	A	-2.19%	1.86%	-2.19%
V	A	2.68%	0.86%	0.86%
VFC	C	-1.1%	0.16%	-1.1%

DFND Overweight 40 Positions Relative to RAFE

Symbol	Grade	Weight
SNA	A	2.66%
CTAS	B	2.6%
VRSK	A	2.44%
FDS	B	2.22%
NDSN	B	2.22%
MCD	D	2.2%
BRO	B	2.13%
MPC	D	2.11%
LMT	D	2.05%
PHM	D	2.0%
ETN	A	1.74%
AON	A	1.52%
ALLE	D	1.51%
DHI	D	1.47%
HON	B	1.45%
J	F	1.42%
CB	C	1.39%
MSCI	C	1.33%
MPWR	F	1.31%
HUBB	B	1.27%
CBOE	B	1.26%
CME	A	1.24%
MMC	B	1.21%
COST	B	1.2%
LW	C	1.13%
AOS	F	1.09%
ALB	C	1.01%
GL	B	0.93%
ODFL	B	0.88%
MLM	B	0.8%
INTU	C	0.78%
BR	A	0.75%
APA	D	-0.82%
DVN	F	-1.12%
FCX	D	-1.86%
NWS	B	-1.96%
LUV	C	-2.05%
SW	A	-2.15%
CNP	B	-2.56%
D	C	-2.96%

DFND Underweight 207 Positions Relative to RAFE

Symbol	Grade	Weight
JPM	A	-3.18%
C	A	-2.61%
JNJ	D	-2.55%
WFC	A	-2.2%
PFE	D	-1.92%
GM	B	-1.79%
BMY	B	-1.6%
IBM	C	-1.45%
HD	A	-1.4%
MRK	F	-1.39%
ORCL	B	-1.33%
VZ	C	-1.29%
QCOM	F	-1.29%
ABBV	D	-1.26%
CI	F	-1.09%
AMGN	D	-0.98%
META	D	-0.98%
LOW	D	-0.95%
ABT	B	-0.93%
TGT	F	-0.91%
MMM	D	-0.88%
NVDA	C	-0.88%
GILD	C	-0.87%
DIS	B	-0.85%
MU	D	-0.84%
GS	A	-0.8%
KO	D	-0.78%
ELV	F	-0.76%
TXN	C	-0.7%
BAC	A	-0.68%
LLY	F	-0.6%
HPQ	B	-0.58%
HPE	B	-0.56%
MET	A	-0.55%
PYPL	B	-0.51%
AXP	A	-0.51%
UNH	C	-0.5%
ADBE	C	-0.5%
CRM	B	-0.49%
DD	D	-0.48%
ALL	A	-0.46%
JCI	C	-0.45%
LRCX	F	-0.43%
DE	A	-0.43%
UPS	C	-0.42%
DOW	F	-0.42%
NKE	D	-0.4%
PRU	A	-0.4%
BBY	D	-0.4%
TSLA	B	-0.39%
DHR	F	-0.38%
TJX	A	-0.38%
ADP	B	-0.37%
TMUS	B	-0.37%
NEM	D	-0.36%
WM	A	-0.35%
FDX	B	-0.35%
MCK	B	-0.34%
EBAY	D	-0.33%
HUM	C	-0.33%
APD	A	-0.32%
CVS	D	-0.32%
WDC	D	-0.3%
CARR	D	-0.3%
CBRE	B	-0.3%
CL	D	-0.29%
FIS	C	-0.29%
BDX	F	-0.27%
GIS	D	-0.26%
ADM	D	-0.26%
WELL	A	-0.26%
PEP	F	-0.24%
BIIB	F	-0.24%
MDLZ	F	-0.24%
CAH	B	-0.24%
MAR	B	-0.23%
KMB	D	-0.23%
EA	A	-0.23%
LUMN	C	-0.22%
GEHC	F	-0.22%
FI	A	-0.22%
NTAP	C	-0.22%
STT	A	-0.21%
WY	D	-0.21%
HIG	B	-0.21%
ECL	D	-0.21%
CCI	D	-0.21%
SYY	B	-0.2%
AMP	A	-0.2%
PGR	A	-0.2%
EQIX	A	-0.19%
EIX	B	-0.19%
JLL	D	-0.18%
VTR	C	-0.18%
MOS	F	-0.17%
KHC	F	-0.17%
WHR	B	-0.17%
OC	A	-0.17%
BK	A	-0.16%
PFG	D	-0.16%
JNPR	F	-0.16%
AMT	D	-0.15%
FOXA	B	-0.15%
BAX	D	-0.15%
IRM	D	-0.15%
LH	C	-0.15%
CTSH	B	-0.15%
K	A	-0.14%
EQR	B	-0.13%
BALL	D	-0.13%
AVB	B	-0.13%
A	D	-0.13%
DVA	B	-0.13%
DG	F	-0.12%
PKG	A	-0.12%
OMC	C	-0.12%
HLT	A	-0.12%
CF	B	-0.12%
EW	C	-0.12%
ARW	D	-0.12%
KSS	F	-0.12%
ISRG	A	-0.11%
DELL	C	-0.11%
MRVL	B	-0.11%
COR	B	-0.11%
CNC	D	-0.11%
ZTS	D	-0.11%
KDP	D	-0.11%
TPR	B	-0.11%
IFF	D	-0.1%
CDNS	B	-0.1%
AWK	D	-0.1%
FITB	A	-0.1%
BSX	B	-0.09%
CDW	F	-0.09%
KEYS	A	-0.09%
TSCO	D	-0.09%
HST	C	-0.09%
PAYX	C	-0.09%
SWK	D	-0.09%
WAT	B	-0.09%
TROW	B	-0.09%
SYK	C	-0.09%
EL	F	-0.09%
PVH	C	-0.09%
GAP	C	-0.09%
OTIS	C	-0.09%
DOX	D	-0.08%
HCA	F	-0.08%
AVT	C	-0.08%
TER	D	-0.08%
WBA	F	-0.08%
ON	D	-0.08%
SPGI	C	-0.08%
HOLX	D	-0.08%
SNPS	B	-0.07%
ILMN	D	-0.07%
LNC	B	-0.07%
LEA	D	-0.07%
LKQ	D	-0.07%
WAB	B	-0.07%
VTRS	A	-0.07%
SOLV	C	-0.07%
SJM	D	-0.07%
USFD	A	-0.07%
HUN	F	-0.06%
CAG	D	-0.06%
NTRS	A	-0.06%
MAA	B	-0.06%
AKAM	D	-0.06%
DXC	B	-0.06%
NWSA	B	-0.06%
GPC	D	-0.06%
PLD	D	-0.06%
NFLX	A	-0.06%
DOV	A	-0.05%
KD	B	-0.05%
EQH	B	-0.05%
DGX	A	-0.05%
CHD	B	-0.05%
NDAQ	A	-0.05%
KIM	A	-0.05%
AMD	F	-0.05%
GT	C	-0.05%
TSN	B	-0.05%
NWL	B	-0.04%
FLEX	A	-0.04%
ESS	B	-0.04%
ORLY	B	-0.04%
HAS	D	-0.04%
XRX	F	-0.04%
MHK	D	-0.04%
CTVA	C	-0.04%
CPB	D	-0.04%
HSIC	B	-0.04%
FL	F	-0.04%
WU	D	-0.03%
AAP	C	-0.03%
AGCO	D	-0.03%
OGN	D	-0.03%
GEN	B	-0.03%
RSG	A	-0.03%
ANET	C	-0.02%
MAN	D	-0.02%
M	D	-0.02%
HRL	D	-0.01%
O	D	-0.01%