DSTL vs. DFND ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to Realty Shares DIVCON Dividend Defender ETF (DFND)

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$57.79

Average Daily Volume

109,111

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	DSTL	DFND
30 Days	2.63%	6.81%
60 Days	2.75%	3.15%
90 Days	3.90%	13.91%
12 Months	26.14%	14.05%

14 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in DFND	Overlap
ALLE	C	0.7%	1.51%	0.7%
AMAT	F	1.21%	1.59%	1.21%
AOS	F	0.62%	1.09%	0.62%
BR	A	0.8%	0.75%	0.75%
CBOE	C	0.69%	1.26%	0.69%
CMCSA	B	1.95%	1.15%	1.15%
CME	B	0.99%	1.24%	0.99%
CMI	A	0.93%	2.09%	0.93%
CSCO	B	2.15%	1.5%	1.5%
HON	C	1.31%	1.45%	1.31%
HSY	F	0.74%	1.36%	0.74%
LMT	D	1.16%	2.05%	1.16%
PHM	D	0.77%	2.0%	0.77%
SW	A	0.87%	-2.15%	-2.15%

DSTL Overweight 83 Positions Relative to DFND

Symbol	Grade	Weight
UNH	B	3.36%
JNJ	C	2.48%
TMUS	B	2.46%
ABBV	F	2.24%
CRM	B	2.02%
AMGN	F	1.73%
BKNG	A	1.58%
QCOM	F	1.54%
CI	D	1.53%
MO	A	1.47%
ABT	B	1.43%
MCK	A	1.41%
ADP	A	1.37%
LOW	C	1.33%
PYPL	B	1.2%
PCAR	B	1.19%
FDX	B	1.16%
ELV	F	1.15%
EPD	A	1.14%
MPLX	A	1.08%
GD	D	1.04%
LRCX	F	1.02%
ABNB	C	1.01%
PAYX	B	1.0%
FANG	C	0.99%
KR	B	0.92%
AJG	A	0.92%
CPAY	A	0.91%
AME	A	0.89%
FIS	C	0.89%
CTSH	B	0.88%
EA	A	0.88%
JBL	C	0.88%
WAB	B	0.87%
GDDY	A	0.87%
ZM	C	0.86%
SYY	D	0.86%
JAZZ	B	0.85%
FIX	A	0.85%
OC	A	0.85%
EPAM	B	0.84%
LEN	D	0.83%
OMC	C	0.82%
TDY	B	0.82%
PR	B	0.81%
PKG	A	0.81%
ON	D	0.79%
USFD	A	0.79%
LECO	C	0.79%
DBX	B	0.79%
TOL	B	0.79%
GMED	A	0.78%
SSNC	B	0.76%
DGX	A	0.76%
NTAP	C	0.76%
FFIV	B	0.76%
TXT	D	0.75%
DOX	D	0.75%
NVR	D	0.74%
GIS	D	0.74%
TPX	B	0.72%
GGG	B	0.72%
VRSN	C	0.72%
DRI	B	0.72%
MAS	D	0.71%
ULTA	F	0.7%
MEDP	D	0.7%
HRL	D	0.7%
LKQ	F	0.7%
DKS	D	0.66%
SWKS	F	0.66%
AVY	F	0.66%
EMN	C	0.65%
BLD	D	0.65%
GPC	D	0.64%
WSM	C	0.63%
UHS	D	0.63%
WEX	D	0.61%
WMS	F	0.61%
HII	F	0.56%
ICLR	D	0.54%
CROX	D	0.5%
QRVO	F	0.46%

DSTL Underweight 56 Positions Relative to DFND

Symbol	Grade	Weight
V	A	-2.68%
SNA	A	-2.66%
CTAS	B	-2.6%
VRSK	A	-2.44%
KLAC	F	-2.42%
PG	C	-2.27%
GWW	B	-2.25%
SHW	B	-2.25%
FDS	B	-2.22%
NDSN	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
MPC	D	-2.11%
MSI	B	-1.86%
MCO	B	-1.85%
PPG	F	-1.77%
MA	B	-1.75%
ETN	A	-1.74%
ITW	B	-1.71%
ROK	C	-1.65%
AON	A	-1.52%
DHI	F	-1.47%
J	D	-1.42%
CB	C	-1.39%
ADI	D	-1.37%
MSCI	C	-1.33%
MPWR	F	-1.31%
HUBB	B	-1.27%
MMC	B	-1.21%
COST	A	-1.2%
LIN	C	-1.2%
FAST	B	-1.13%
LW	C	-1.13%
ALB	B	-1.01%
MSFT	D	-1.0%
AAPL	C	-0.95%
GL	C	-0.93%
ODFL	C	-0.88%
AVGO	D	-0.86%
MLM	C	-0.8%
INTU	B	-0.78%
ACN	B	-0.34%
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%
T	A	--2.19%
IP	A	--2.32%
F	C	--2.41%
CNP	A	--2.56%
D	C	--2.96%