KNG vs. DFND ETF Comparison

Comparison of CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) to Realty Shares DIVCON Dividend Defender ETF (DFND)

KNG

CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF

KNG Description

The investment seeks to track the performance, before fees and expenses, of the Cboe S&P 500® Dividend Aristocrats Target Income Index Monthly Series (the "index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. The index is designed with the primary goal of generating an annualized level of income from stock dividends and option premiums that is approximately 3% over the annual dividend yield of the S&P 500 Index and a secondary goal of generating price returns that are proportional to the price returns of the S&P 500 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.99

Average Daily Volume

278,013

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

$42.71

Average Daily Volume

390

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KNG	DFND
30 Days	3.47%	12.47%
60 Days	6.15%	9.79%
90 Days	7.83%	15.32%
12 Months	15.24%	17.47%

14 Overlapping Holdings

Symbol	Grade	Weight in KNG	Weight in DFND	Overlap
ALB	D	1.22%	0.88%	0.88%
AOS	D	1.4%	1.21%	1.21%
BRO	C	1.52%	2.01%	1.52%
CB	B	1.63%	1.42%	1.42%
CTAS	B	1.56%	2.5%	1.56%
FAST	C	1.47%	0.97%	0.97%
GWW	B	1.5%	1.94%	1.5%
ITW	C	1.49%	1.59%	1.49%
LIN	B	1.51%	1.26%	1.26%
MCD	B	1.67%	2.19%	1.67%
NDSN	C	1.53%	2.18%	1.53%
PG	C	1.51%	2.39%	1.51%
PPG	D	1.46%	1.82%	1.46%
SHW	B	1.62%	2.2%	1.62%

KNG Overweight 51 Positions Relative to DFND

Symbol	Grade	Weight
KVUE	C	1.84%
CLX	C	1.79%
CAH	C	1.72%
AFL	C	1.67%
CINF	B	1.66%
CHRW	B	1.65%
ADP	B	1.64%
ABBV	C	1.64%
MDT	C	1.63%
MKC	C	1.63%
SWK	B	1.62%
SYY	D	1.6%
WMT	C	1.6%
IBM	B	1.6%
O	C	1.59%
ABT	C	1.59%
NEE	C	1.58%
ED	C	1.58%
CL	D	1.58%
KO	C	1.57%
FRT	C	1.57%
LOW	B	1.56%
AMCR	B	1.56%
ATO	B	1.56%
ESS	B	1.55%
SPGI	B	1.55%
GD	B	1.54%
APD	B	1.54%
JNJ	C	1.54%
PNR	B	1.52%
ROP	C	1.51%
CHD	D	1.51%
PEP	C	1.51%
KMB	D	1.5%
DOV	B	1.5%
HRL	C	1.49%
TGT	C	1.47%
ECL	B	1.47%
SJM	C	1.46%
EXPD	C	1.44%
GPC	D	1.44%
CAT	B	1.44%
BDX	D	1.44%
XOM	C	1.39%
WST	D	1.37%
ADM	D	1.37%
TROW	D	1.32%
NUE	F	1.31%
CVX	D	1.3%
EMR	D	1.26%
BEN	F	1.24%

KNG Underweight 56 Positions Relative to DFND

Symbol	Grade	Weight
KLAC	D	-2.79%
V	C	-2.52%
VRSK	D	-2.33%
LMT	C	-2.19%
MPC	F	-2.18%
PHM	B	-2.12%
SNA	C	-2.09%
MPWR	C	-2.07%
FDS	C	-2.0%
MCO	B	-1.86%
CMI	C	-1.73%
DHI	B	-1.72%
MSI	B	-1.69%
MA	B	-1.68%
AMAT	D	-1.59%
HSY	C	-1.53%
ALLE	B	-1.51%
ROK	D	-1.5%
ETN	C	-1.48%
J	C	-1.46%
ADI	C	-1.45%
AON	B	-1.42%
CBOE	C	-1.35%
HON	D	-1.31%
CSCO	C	-1.3%
MMC	C	-1.28%
MSCI	C	-1.24%
CME	C	-1.22%
COST	B	-1.2%
HUBB	B	-1.16%
CMCSA	D	-1.05%
MSFT	C	-1.02%
AAPL	C	-0.94%
LW	D	-0.91%
GL	C	-0.89%
AVGO	C	-0.84%
ODFL	D	-0.77%
INTU	C	-0.73%
MLM	D	-0.71%
BR	D	-0.7%
ACN	C	-0.33%
MCHP	F	-0.1%
PARA	F	--0.31%
INTC	F	--0.85%
APA	F	--0.87%
VFC	C	--0.94%
DVN	F	--1.16%
NWS	D	--1.69%
FCX	D	--1.82%
LUV	C	--1.85%
SW	B	--1.93%
IP	B	--1.98%
T	C	--2.15%
F	F	--2.34%
CNP	C	--2.38%
D	C	--3.05%