EQTY vs. DFND ETF Comparison

Comparison of Kovitz Core Equity ETF (EQTY) to Realty Shares DIVCON Dividend Defender ETF (DFND)

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$24.38

Average Daily Volume

36,378

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

$43.63

Average Daily Volume

862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQTY	DFND
30 Days	3.61%	5.89%
60 Days	5.37%	1.30%
90 Days	8.14%	14.77%
12 Months	30.24%	14.91%

10 Overlapping Holdings

Symbol	Grade	Weight in EQTY	Weight in DFND	Overlap
AAPL	B	1.92%	0.95%	0.95%
ADI	D	1.74%	1.37%	1.37%
AMAT	F	1.55%	1.59%	1.55%
AON	A	2.98%	1.52%	1.52%
J	F	3.41%	1.42%	1.42%
MSFT	D	0.23%	1.0%	0.23%
MSI	C	2.09%	1.86%	1.86%
PPG	D	2.35%	1.77%	1.77%
V	A	3.8%	2.68%	2.68%
VRSK	A	0.08%	2.44%	0.08%

EQTY Overweight 28 Positions Relative to DFND

Symbol	Grade	Weight
META	D	4.77%
SCHW	A	4.75%
AMZN	C	4.67%
KEYS	B	4.28%
GOOG	C	4.19%
ICE	D	3.99%
BDX	F	3.94%
PM	B	3.86%
CRM	B	3.74%
FI	A	3.33%
KMX	B	3.33%
BRK.A	B	3.21%
LOW	C	3.11%
ORCL	C	3.06%
AXP	A	3.04%
PCAR	B	3.02%
JPM	B	2.57%
ANET	C	1.84%
DLTR	D	1.77%
DEO	F	1.74%
HAS	D	1.06%
AMD	F	0.94%
HAYW	B	0.65%
GOOGL	C	0.5%
SYK	C	0.13%
GGG	B	0.1%
EFX	D	0.06%
ABT	B	0.06%

EQTY Underweight 60 Positions Relative to DFND

Symbol	Grade	Weight
SNA	A	-2.66%
CTAS	B	-2.6%
KLAC	F	-2.42%
PG	A	-2.27%
GWW	A	-2.25%
SHW	A	-2.25%
FDS	B	-2.22%
NDSN	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
MPC	F	-2.11%
CMI	A	-2.09%
LMT	D	-2.05%
PHM	C	-2.0%
MCO	A	-1.85%
MA	B	-1.75%
ETN	A	-1.74%
ITW	A	-1.71%
ROK	B	-1.65%
ALLE	D	-1.51%
CSCO	A	-1.5%
DHI	D	-1.47%
HON	B	-1.45%
CB	D	-1.39%
HSY	F	-1.36%
MSCI	C	-1.33%
MPWR	F	-1.31%
HUBB	B	-1.27%
CBOE	B	-1.26%
CME	A	-1.24%
MMC	A	-1.21%
COST	B	-1.2%
LIN	D	-1.2%
CMCSA	C	-1.15%
FAST	B	-1.13%
LW	C	-1.13%
AOS	D	-1.09%
ALB	C	-1.01%
GL	C	-0.93%
ODFL	B	-0.88%
AVGO	D	-0.86%
MLM	B	-0.8%
INTU	C	-0.78%
BR	A	-0.75%
ACN	B	-0.34%
MCHP	F	-0.08%
PARA	C	--0.33%
APA	F	--0.82%
INTC	C	--1.08%
VFC	C	--1.1%
DVN	F	--1.12%
FCX	F	--1.86%
NWS	B	--1.96%
LUV	B	--2.05%
SW	B	--2.15%
T	A	--2.19%
IP	B	--2.32%
F	C	--2.41%
CNP	A	--2.56%
D	C	--2.96%