DFNL vs. TGLR ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to LAFFER TENGLER Equity Income ETF (TGLR)

DFNL

Davis Select Financial ETF

DFNL Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.84

Average Daily Volume

6,241

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$27.99

Average Daily Volume

1,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	TGLR
30 Days	7.22%	3.13%
60 Days	5.81%	5.84%
90 Days	9.09%	9.39%
12 Months	23.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in DFNL	Weight in TGLR	Overlap
	AXP	A	4.57%	4.38%	4.38%
	JPM	B	6.51%	4.17%	4.17%

DFNL Overweight 18 Positions Relative to TGLR

Symbol	Grade	Weight
COF	A	8.67%
BRK.A	C	7.3%
MKL	B	5.85%
BK	A	5.53%
CB	A	5.44%
WFC	C	5.35%
FITB	A	5.32%
USB	C	4.88%
PNC	A	4.69%
L	B	3.25%
TFC	A	2.84%
RKT	B	2.64%
BAC	D	2.64%
NTB	C	1.86%
MTB	B	1.48%
STT	A	1.43%
SCHW	F	1.33%
EG	B	1.09%

DFNL Underweight 8 Positions Relative to TGLR

Symbol	Grade	Weight
AVGO	D	-6.02%
ORCL	B	-5.42%
MSFT	D	-5.16%
ABBV	A	-4.1%
HD	B	-3.92%
CARR	B	-3.88%
LRCX	D	-3.69%
RTX	A	-3.68%