DFND vs. SCLZ ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to Swan Enhanced Dividend Income ETF (SCLZ)

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

$43.30

Average Daily Volume

849

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SCLZ

Swan Enhanced Dividend Income ETF

SCLZ Description

SCLZ aims to maximize income through a portfolio of US dividend-paying companies combined with a covered call writing strategy. This strategy provides a potential buffer against market volatility, although the reduction is limited to the amount of option premium received. Based on the large- and mid-cap stocks of the OShares Focused Quality Dividend Index, the fund selects 50 names based on a composite score for quality and growth characteristics. The composite score considers quality factors, dividend growth, dividend coverage, and dividend yield. Note some stocks with superior dividend payouts and higher capital appreciation potential may be excluded if option premium potential is too low. Quarterly, constituents are re-ranked based on historic dividend yield and potential capital appreciation, with holdings sold when they are no longer listed. Risk management involves establishing pre-defined exit points for each option to reduce downside exposure while maximizing income.

Grade (RS Rating)

Last Trade

$54.24

Average Daily Volume

1,765

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFND	SCLZ
30 Days	6.81%	-0.30%
60 Days	3.15%	1.39%
90 Days	13.91%	2.20%
12 Months	14.05%

20 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in SCLZ	Overlap
AAPL	C	0.95%	4.96%	0.95%
ACN	B	0.34%	1.71%	0.34%
AON	A	1.52%	1.42%	1.42%
AVGO	D	0.86%	3.47%	0.86%
CBOE	C	1.26%	1.16%	1.16%
CSCO	B	1.5%	1.93%	1.5%
CTAS	B	2.6%	1.37%	1.37%
HON	C	1.45%	1.65%	1.45%
HSY	F	1.36%	1.09%	1.09%
INTU	B	0.78%	1.81%	0.78%
ITW	B	1.71%	1.43%	1.43%
LMT	D	2.05%	1.44%	1.44%
MA	B	1.75%	2.49%	1.75%
MCD	D	2.2%	1.75%	1.75%
MMC	B	1.21%	1.43%	1.21%
MSCI	C	1.33%	1.26%	1.26%
MSFT	D	1.0%	4.84%	1.0%
PG	C	2.27%	2.43%	2.27%
SNA	A	2.66%	1.38%	1.38%
V	A	2.68%	2.85%	2.68%

DFND Overweight 50 Positions Relative to SCLZ

Symbol	Grade	Weight
VRSK	A	2.44%
KLAC	F	2.42%
GWW	B	2.25%
SHW	B	2.25%
FDS	B	2.22%
NDSN	B	2.22%
BRO	B	2.13%
MPC	D	2.11%
CMI	A	2.09%
PHM	D	2.0%
MSI	B	1.86%
MCO	B	1.85%
PPG	F	1.77%
ETN	A	1.74%
ROK	C	1.65%
AMAT	F	1.59%
ALLE	C	1.51%
DHI	F	1.47%
J	D	1.42%
CB	C	1.39%
ADI	D	1.37%
MPWR	F	1.31%
HUBB	B	1.27%
CME	B	1.24%
COST	A	1.2%
LIN	C	1.2%
CMCSA	B	1.15%
FAST	B	1.13%
LW	C	1.13%
AOS	F	1.09%
ALB	B	1.01%
GL	C	0.93%
ODFL	C	0.88%
MLM	C	0.8%
BR	A	0.75%
MCHP	F	0.08%
PARA	C	-0.33%
APA	D	-0.82%
INTC	C	-1.08%
VFC	C	-1.1%
DVN	F	-1.12%
FCX	F	-1.86%
NWS	A	-1.96%
LUV	C	-2.05%
SW	A	-2.15%
T	A	-2.19%
IP	A	-2.32%
F	C	-2.41%
CNP	A	-2.56%
D	C	-2.96%

DFND Underweight 29 Positions Relative to SCLZ

Symbol	Grade	Weight
GOOGL	C	-5.41%
JPM	A	-3.37%
LLY	F	-2.99%
UNH	B	-2.86%
HD	B	-2.48%
JNJ	C	-2.25%
ORCL	A	-2.18%
KO	D	-1.89%
MRK	D	-1.83%
PM	B	-1.8%
CAT	B	-1.76%
TXN	C	-1.76%
ABT	B	-1.75%
QCOM	F	-1.68%
PEP	F	-1.68%
TJX	A	-1.59%
ADP	A	-1.53%
MO	A	-1.49%
SBUX	A	-1.48%
DE	B	-1.48%
APH	A	-1.47%
PCAR	B	-1.42%
ZTS	D	-1.32%
GD	D	-1.32%
MDLZ	F	-1.28%
PAYX	B	-1.27%
OTIS	C	-1.27%
CTSH	B	-1.23%
YUM	D	-1.2%