TBG vs. DVAL ETF Comparison

Comparison of TBG Dividend Focus ETF (TBG) to Dynamic US Large Cap Value ETF (DVAL)

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$32.08

Average Daily Volume

13,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$14.23

Average Daily Volume

127,274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBG	DVAL
30 Days	2.74%	1.91%
60 Days	8.37%	7.59%
90 Days	11.96%	9.18%
12 Months		25.52%

2 Overlapping Holdings

	Symbol	Grade	Weight in TBG	Weight in DVAL	Overlap
	CSCO	A	3.69%	3.14%	3.14%
	IBM	C	4.29%	4.19%	4.19%

TBG Overweight 7 Positions Relative to DVAL

Symbol	Grade	Weight
SPG	A	4.45%
ET	C	3.94%
AEP	B	3.94%
GILD	A	3.83%
EPD	B	3.73%
VZ	A	3.66%
TFC	D	3.54%

TBG Underweight 8 Positions Relative to DVAL

Symbol	Grade	Weight
LMT	A	-4.77%
AFL	A	-4.49%
CSX	D	-4.29%
CMCSA	B	-4.15%
DE	A	-3.41%
HON	B	-3.24%
COP	D	-3.23%
TMUS	A	-3.18%