ABEQ vs. DFNL ETF Comparison

Comparison of Absolute Core Strategy ETF (ABEQ) to Davis Select Financial ETF (DFNL)

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.06

Average Daily Volume

5,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFNL

Davis Select Financial ETF

DFNL Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.94

Average Daily Volume

8,884

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ABEQ	DFNL
30 Days	-0.83%	0.39%
60 Days	3.63%	4.39%
90 Days	4.65%	7.38%
12 Months	6.18%	31.51%

2 Overlapping Holdings

	Symbol	Grade	Weight in ABEQ	Weight in DFNL	Overlap
	BRK.A	D	10.91%	7.33%	7.33%
	L	A	6.67%	3.4%	3.4%

ABEQ Overweight 13 Positions Relative to DFNL

Symbol	Grade	Weight
UL	A	6.01%
MRK	B	5.26%
DD	A	5.03%
MDT	C	4.43%
EOG	B	3.96%
TRV	C	3.75%
CMCSA	F	3.6%
VZ	D	3.55%
EQC	D	3.41%
CSCO	F	3.02%
CTVA	A	2.99%
IFF	B	2.36%
CCI	D	2.31%

ABEQ Underweight 18 Positions Relative to DFNL

Symbol	Grade	Weight
COF	B	-9.63%
JPM	B	-6.47%
WFC	B	-5.97%
MKL	A	-5.59%
CB	C	-5.45%
FITB	A	-5.36%
BK	A	-5.14%
AXP	B	-4.78%
USB	C	-4.6%
PNC	A	-4.58%
TFC	A	-2.8%
BAC	B	-2.53%
RKT	C	-2.37%
NTB	A	-1.78%
MTB	A	-1.48%
STT	C	-1.4%
SCHW	A	-1.39%
EG	D	-1.1%