ABEQ vs. DIVP ETF Comparison

Comparison of Absolute Core Strategy ETF (ABEQ) to Cullen Enhanced Equity Income ETF (DIVP)

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

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$25.29

Average Daily Volume

6,924

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ABEQ	DIVP
30 Days	-0.83%	0.09%
60 Days	3.63%
90 Days	4.65%
12 Months	6.18%

4 Overlapping Holdings

Symbol	Grade	Weight in ABEQ	Weight in DIVP	Overlap
CSCO	F	3.02%	3.98%	3.02%
EOG	B	3.96%	4.25%	3.96%
MDT	C	4.43%	3.99%	3.99%
VZ	D	3.55%	4.03%	3.55%

ABEQ Overweight 11 Positions Relative to DIVP

Symbol	Grade	Weight
BRK.A	D	10.91%
L	A	6.67%
UL	A	6.01%
MRK	B	5.26%
DD	A	5.03%
TRV	C	3.75%
CMCSA	F	3.6%
EQC	D	3.41%
CTVA	A	2.99%
IFF	B	2.36%
CCI	D	2.31%

ABEQ Underweight 6 Positions Relative to DIVP

Symbol	Grade	Weight
PPL	A	-3.98%
DUK	A	-3.78%
VICI	D	-3.73%
CAG	B	-3.62%
CVX	B	-3.56%
BMY	F	-3.54%