IWLG vs. DFND ETF Comparison

Comparison of IQ MacKay Municipal Insured ETF (IWLG) to Realty Shares DIVCON Dividend Defender ETF (DFND)

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$47.70

Average Daily Volume

10,115

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

$42.88

Average Daily Volume

851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWLG	DFND
30 Days	3.60%	-1.19%
60 Days	5.25%	2.16%
90 Days	7.23%	12.82%
12 Months	37.83%	12.95%

6 Overlapping Holdings

Symbol	Grade	Weight in IWLG	Weight in DFND	Overlap
AAPL	C	6.63%	0.95%	0.95%
AVGO	D	4.01%	0.86%	0.86%
ETN	A	1.62%	1.74%	1.62%
INTU	C	1.55%	0.78%	0.78%
MA	C	2.33%	1.75%	1.75%
MSFT	F	12.49%	1.0%	1.0%

IWLG Overweight 36 Positions Relative to DFND

Symbol	Grade	Weight
AMZN	C	8.27%
NVDA	C	7.8%
META	D	5.28%
LLY	F	2.51%
SPOT	B	2.49%
GOOG	C	2.44%
GOOGL	C	2.42%
ISRG	A	2.23%
GE	D	2.0%
KKR	A	1.99%
TT	A	1.86%
NFLX	A	1.8%
AMD	F	1.78%
WDAY	B	1.76%
NOW	A	1.75%
FICO	B	1.73%
TSLA	B	1.52%
UBER	D	1.51%
MELI	D	1.49%
LRCX	F	1.43%
CMG	B	1.34%
SBUX	A	1.27%
ORCL	B	1.22%
SYK	C	1.19%
ORLY	B	1.19%
SHOP	B	1.11%
SNPS	B	1.07%
WCN	A	1.07%
ASML	F	1.05%
HLT	A	1.03%
VMC	B	0.97%
TXN	C	0.97%
ALNY	D	0.95%
BSX	B	0.95%
ADBE	C	0.84%
BKNG	A	0.55%

IWLG Underweight 64 Positions Relative to DFND

Symbol	Grade	Weight
V	A	-2.68%
SNA	A	-2.66%
CTAS	B	-2.6%
VRSK	A	-2.44%
KLAC	D	-2.42%
PG	A	-2.27%
GWW	B	-2.25%
SHW	A	-2.25%
FDS	B	-2.22%
NDSN	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
MPC	D	-2.11%
CMI	A	-2.09%
LMT	D	-2.05%
PHM	D	-2.0%
MSI	B	-1.86%
MCO	B	-1.85%
PPG	F	-1.77%
ITW	B	-1.71%
ROK	B	-1.65%
AMAT	F	-1.59%
AON	A	-1.52%
ALLE	D	-1.51%
CSCO	B	-1.5%
DHI	D	-1.47%
HON	B	-1.45%
J	F	-1.42%
CB	C	-1.39%
ADI	D	-1.37%
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	B	-1.21%
COST	B	-1.2%
LIN	D	-1.2%
CMCSA	B	-1.15%
FAST	B	-1.13%
LW	C	-1.13%
AOS	F	-1.09%
ALB	C	-1.01%
GL	B	-0.93%
ODFL	B	-0.88%
MLM	B	-0.8%
BR	A	-0.75%
ACN	C	-0.34%
MCHP	D	-0.08%
PARA	C	--0.33%
APA	D	--0.82%
INTC	D	--1.08%
VFC	C	--1.1%
DVN	F	--1.12%
FCX	D	--1.86%
NWS	B	--1.96%
LUV	C	--2.05%
SW	A	--2.15%
T	A	--2.19%
IP	B	--2.32%
F	C	--2.41%
CNP	B	--2.56%
D	C	--2.96%