KEAT vs. DIVS ETF Comparison

Comparison of Keating Active ETF (KEAT) to SmartETFs Dividend Builder ETF (DIVS)

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVS

SmartETFs Dividend Builder ETF

DIVS Description

The investment seeks a moderate level of current income and consistent dividend growth at a rate that exceeds inflation. The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities in dividend-paying companies that the Adviser believes have the ability to consistently increase their dividend payments over the medium term (three to five years). Equity Securities may include common stocks, preferred stocks, securities convertible into common stocks, rights and warrants.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

7,845

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KEAT	DIVS
30 Days	0.99%	-1.60%
60 Days	0.14%	-1.33%
90 Days	1.23%	0.33%
12 Months		19.45%

4 Overlapping Holdings

Symbol	Grade	Weight in KEAT	Weight in DIVS	Overlap
AFL	B	1.54%	3.37%	1.54%
JNJ	D	1.6%	2.84%	1.6%
PEP	F	0.9%	2.46%	0.9%
UL	D	2.98%	2.85%	2.85%

KEAT Overweight 23 Positions Relative to DIVS

Symbol	Grade	Weight
STIP	C	28.19%
OII	B	3.84%
GOLD	D	3.73%
CALM	A	3.56%
EQC	B	3.54%
PM	B	3.36%
TAP	C	3.31%
VZ	C	3.26%
EQNR	D	3.23%
LMT	D	3.16%
VOD	F	3.14%
TALO	C	2.99%
TTE	F	2.85%
LW	C	2.42%
XOM	B	1.28%
TMO	F	1.2%
WY	D	1.16%
UPS	C	0.84%
DOV	A	0.81%
BRK.A	B	0.79%
INTC	D	0.57%
TGT	F	0.57%
AXP	A	0.51%

KEAT Underweight 20 Positions Relative to DIVS

Symbol	Grade	Weight
CSCO	B	-3.32%
AJG	B	-3.3%
BLK	C	-3.29%
TSM	B	-3.19%
AVGO	D	-3.17%
ITW	B	-3.05%
EMR	A	-3.04%
PAYX	C	-3.04%
MDT	D	-2.88%
ETN	A	-2.84%
ABBV	D	-2.83%
MSFT	F	-2.83%
OTIS	C	-2.79%
ABBV	D	-2.78%
CME	A	-2.75%
PG	A	-2.73%
TXN	C	-2.71%
MDLZ	F	-2.55%
DEO	F	-2.41%
KO	D	-2.41%