DVAL vs. PAPI ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to Parametric Equity Premium Income ETF (PAPI)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.88

Average Daily Volume

7,087

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.06

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	PAPI
30 Days	2.72%	2.11%
60 Days	5.24%	3.48%
90 Days	6.69%	4.02%
12 Months	26.63%	18.27%

33 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in PAPI	Overlap
AFG	A	0.58%	0.54%	0.54%
AM	A	0.25%	0.53%	0.25%
AOS	F	0.23%	0.48%	0.23%
BG	D	0.7%	0.5%	0.5%
CMCSA	B	4.34%	0.54%	0.54%
COP	C	3.1%	0.56%	0.56%
CSCO	B	3.43%	0.54%	0.54%
CVX	A	2.2%	0.57%	0.57%
DRI	B	0.67%	0.54%	0.54%
EMN	C	0.23%	0.49%	0.23%
EOG	A	0.53%	0.56%	0.53%
EXPD	C	1.04%	0.52%	0.52%
FMC	D	0.13%	0.46%	0.13%
FOXA	A	0.51%	0.57%	0.51%
IBM	C	4.21%	0.46%	0.46%
INGR	C	0.17%	0.55%	0.17%
IPG	D	0.65%	0.45%	0.45%
JNJ	C	1.56%	0.5%	0.5%
KHC	F	0.98%	0.46%	0.46%
LYB	F	1.44%	0.48%	0.48%
MRK	D	0.35%	0.46%	0.35%
MTG	C	0.45%	0.5%	0.45%
OMC	C	0.05%	0.49%	0.05%
ORI	A	0.65%	0.54%	0.54%
PG	C	0.96%	0.52%	0.52%
PSX	C	0.71%	0.52%	0.52%
RHI	C	0.26%	0.57%	0.26%
RS	B	0.97%	0.56%	0.56%
SNX	D	0.18%	0.5%	0.18%
VLO	C	1.26%	0.55%	0.55%
VZ	C	0.43%	0.5%	0.43%
WMB	A	1.32%	0.58%	0.58%
WMT	A	1.37%	0.54%	0.54%

DVAL Overweight 77 Positions Relative to PAPI

Symbol	Grade	Weight
LMT	D	4.4%
DE	B	3.88%
TMUS	B	3.65%
HON	C	3.53%
GM	C	3.32%
CAT	B	3.17%
MPC	D	2.74%
PYPL	B	2.36%
BLDR	D	1.86%
AXP	A	1.5%
STLD	B	1.41%
MMM	D	1.33%
PCAR	B	1.2%
NUE	C	1.15%
CSL	C	1.06%
PHM	D	1.05%
GIS	D	0.95%
SCI	B	0.93%
OC	A	0.9%
JBL	C	0.89%
CF	A	0.83%
EBAY	D	0.78%
NRG	B	0.77%
MGM	D	0.76%
CRBG	B	0.74%
WFC	A	0.71%
BMY	B	0.68%
MLM	C	0.66%
EXPE	B	0.66%
MRO	B	0.64%
NVR	D	0.64%
AMGN	F	0.63%
AN	C	0.62%
CPAY	A	0.6%
EQH	C	0.6%
BERY	C	0.52%
DIS	B	0.52%
TXT	D	0.5%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
OMF	A	0.45%
SYY	D	0.45%
NXST	C	0.42%
TRMB	B	0.41%
AMG	B	0.4%
FLEX	B	0.4%
TRGP	A	0.37%
BC	C	0.35%
RL	C	0.33%
KBH	D	0.33%
DVA	C	0.31%
SAIC	F	0.31%
TOL	B	0.31%
MUSA	B	0.29%
R	B	0.28%
DKS	D	0.27%
BCC	B	0.26%
COKE	C	0.22%
EXP	B	0.22%
BLD	D	0.2%
PVH	C	0.19%
H	B	0.18%
CBT	D	0.17%
CNM	D	0.17%
FANG	C	0.15%
MDU	D	0.14%
NEU	D	0.14%
WEX	D	0.13%
BYD	B	0.13%
CHX	C	0.1%
GPK	C	0.1%
TPR	B	0.09%
RDN	D	0.08%
WSC	F	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 156 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
SNA	A	-0.63%
IP	A	-0.63%
DTM	A	-0.62%
BKR	A	-0.62%
EMR	B	-0.61%
OKE	A	-0.61%
UNM	A	-0.61%
IDCC	B	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	B	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
KMI	A	-0.58%
CINF	A	-0.58%
JHG	B	-0.58%
JCI	B	-0.58%
WHR	B	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	B	-0.57%
LH	B	-0.57%
TXRH	B	-0.57%
XEL	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
PKG	A	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
PPL	A	-0.55%
DCI	B	-0.55%
UNH	B	-0.55%
GGG	B	-0.55%
EVRG	A	-0.55%
OGE	A	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
COR	B	-0.54%
OGS	A	-0.54%
COST	A	-0.54%
CHD	A	-0.54%
TJX	A	-0.54%
ADP	A	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
MSFT	D	-0.53%
CTSH	B	-0.53%
LHX	C	-0.53%
GILD	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	C	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
HP	C	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
NFG	A	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	B	-0.52%
XOM	B	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
CME	B	-0.52%
POR	C	-0.51%
AVT	C	-0.51%
DD	C	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
LKQ	F	-0.51%
OXM	F	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	F	-0.5%
NYT	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
GD	D	-0.5%
ACN	B	-0.5%
CCOI	B	-0.5%
PFG	D	-0.5%
AEP	C	-0.5%
RGLD	C	-0.5%
D	C	-0.5%
SO	C	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
BBY	D	-0.49%
PPG	F	-0.49%
SON	F	-0.49%
FLO	D	-0.49%
LIN	C	-0.49%
JKHY	D	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	C	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
WU	F	-0.48%
SHOO	F	-0.47%
AMCR	C	-0.47%
LEN	D	-0.47%
CI	D	-0.47%
ADM	D	-0.47%
KDP	F	-0.46%
ABBV	F	-0.46%
ASH	F	-0.46%
HAS	D	-0.46%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
ESNT	F	-0.45%
HUN	F	-0.44%
MAN	F	-0.44%
DOW	F	-0.44%
PFE	F	-0.44%
INSW	F	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	F	-0.41%
HII	F	-0.39%
NEM	D	-0.38%
SCCO	F	-0.0%