DFNV vs. MPAY ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to Akros Monthly Payout ETF (MPAY)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$32.59

Average Daily Volume

2,640

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.57

Average Daily Volume

1,027

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	MPAY
30 Days	3.86%	1.57%
60 Days	4.23%	2.07%
90 Days	4.06%	2.29%
12 Months	28.57%	21.01%

10 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in MPAY	Overlap
AAPL	D	8.73%	5.94%	5.94%
ABBV	B	3.35%	1.45%	1.45%
ADBE	D	2.9%	1.57%	1.57%
AMZN	C	0.2%	4.97%	0.2%
CRM	D	2.43%	1.43%	1.43%
FTNT	B	1.4%	1.28%	1.28%
INTU	C	2.39%	1.3%	1.3%
JNJ	B	2.98%	1.46%	1.46%
NOW	B	2.6%	1.46%	1.46%
QCOM	D	2.52%	1.36%	1.36%

DFNV Overweight 88 Positions Relative to MPAY

Symbol	Grade	Weight
AVGO	C	4.29%
IBM	A	2.31%
UBER	C	2.05%
AMGN	B	2.0%
GILD	B	1.9%
BMY	C	1.88%
PANW	C	1.88%
ANET	C	1.57%
PLTR	B	1.52%
MSI	B	1.51%
SPOT	C	1.47%
CRWD	D	1.41%
MMM	A	1.39%
DASH	C	1.28%
PYPL	B	1.24%
WDAY	D	1.23%
ADSK	B	1.16%
VEEV	C	1.13%
SNOW	F	1.13%
TTD	B	1.12%
DDOG	D	1.1%
EA	C	1.09%
APP	B	1.05%
MCHP	D	1.04%
TEAM	D	1.02%
RBLX	B	0.96%
RMD	B	0.94%
VRT	C	0.91%
NTAP	D	0.89%
ZS	F	0.85%
MANH	A	0.78%
PINS	F	0.77%
PSTG	D	0.74%
NTNX	C	0.74%
PTC	D	0.74%
ZM	C	0.72%
DT	C	0.7%
SWKS	F	0.69%
EXPE	C	0.68%
UI	B	0.65%
VRSN	D	0.64%
DOCU	C	0.62%
ENPH	D	0.62%
NBIX	D	0.59%
JKHY	A	0.57%
DUOL	C	0.57%
QRVO	F	0.55%
SOLV	C	0.55%
FFIV	A	0.55%
MTCH	C	0.53%
HAS	B	0.53%
SMAR	B	0.52%
CRUS	D	0.49%
PCTY	D	0.49%
DBX	D	0.47%
ETSY	F	0.46%
CVLT	B	0.45%
PEGA	C	0.45%
NYT	C	0.44%
HALO	B	0.44%
GNRC	D	0.42%
PATH	D	0.41%
ZETA	B	0.41%
JAZZ	D	0.41%
MAT	C	0.4%
PI	B	0.4%
BOX	A	0.39%
ALTR	D	0.38%
QLYS	F	0.37%
LYFT	D	0.37%
TENB	D	0.37%
ALKS	C	0.31%
CWAN	B	0.3%
IGT	D	0.29%
BL	D	0.25%
TDC	F	0.22%
ALRM	F	0.22%
FLNC	C	0.22%
PLTK	D	0.22%
PTGX	B	0.21%
ACAD	F	0.21%
YOU	B	0.21%
PRGS	B	0.2%
RNG	D	0.19%
YELP	F	0.18%
VERX	D	0.18%
RPD	F	0.17%
CMPR	F	0.16%

DFNV Underweight 42 Positions Relative to MPAY

Symbol	Grade	Weight
NVDA	D	-6.38%
MSFT	C	-5.7%
GOOGL	D	-4.73%
GLDM	A	-3.6%
IAUM	A	-3.36%
LLY	C	-3.04%
WMT	B	-2.21%
TSLA	C	-1.83%
ORCL	B	-1.78%
V	A	-1.77%
COST	B	-1.77%
MA	A	-1.76%
UNH	C	-1.74%
HD	B	-1.74%
XOM	D	-1.55%
MRK	D	-1.53%
AMAT	D	-1.45%
NFLX	B	-1.44%
LOW	B	-1.37%
ACN	C	-1.34%
CVX	D	-1.32%
LRCX	F	-1.32%
KLAC	D	-1.32%
MCD	B	-1.31%
CAT	C	-1.28%
HCA	A	-1.28%
TJX	B	-1.28%
CSCO	C	-1.28%
PM	B	-1.27%
LIN	B	-1.27%
BKNG	B	-1.26%
PEP	B	-1.25%
NKE	D	-1.25%
ADP	A	-1.24%
AZO	C	-1.24%
ABNB	D	-1.23%
TXN	D	-1.23%
ABT	B	-1.23%
LMT	B	-1.23%
UPS	D	-1.22%
RTX	C	-1.19%
DELL	D	-1.02%