BALI vs. DFND ETF Comparison

Comparison of BlackRock Advantage Large Cap Income ETF (BALI) to Realty Shares DIVCON Dividend Defender ETF (DFND)

BALI

BlackRock Advantage Large Cap Income ETF

BALI Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large cap equity securities and derivatives that have similar economic characteristics to such securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.09

Average Daily Volume

95,490

Number of Holdings ^*

149

* 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

$42.88

Average Daily Volume

851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BALI	DFND
30 Days	2.84%	-1.19%
60 Days	3.90%	2.16%
90 Days	5.67%	12.82%
12 Months	27.77%	12.95%

24 Overlapping Holdings

Symbol	Grade	Weight in BALI	Weight in DFND	Overlap
AAPL	C	7.52%	0.95%	0.95%
ACN	C	0.06%	0.34%	0.06%
AVGO	D	0.64%	0.86%	0.64%
CBOE	B	0.03%	1.26%	0.03%
CMCSA	B	0.9%	1.15%	0.9%
CME	A	1.12%	1.24%	1.12%
COST	B	0.0%	1.2%	0.0%
CSCO	B	0.36%	1.5%	0.36%
CTAS	B	1.15%	2.6%	1.15%
DHI	D	0.07%	1.47%	0.07%
DVN	F	0.01%	-1.12%	-1.12%
ETN	A	0.36%	1.74%	0.36%
F	C	0.82%	-2.41%	-2.41%
GWW	B	0.03%	2.25%	0.03%
LMT	D	1.09%	2.05%	1.09%
MA	C	1.81%	1.75%	1.75%
MCD	D	0.0%	2.2%	0.0%
MMC	B	1.22%	1.21%	1.21%
MSFT	F	7.07%	1.0%	1.0%
MSI	B	0.56%	1.86%	0.56%
PG	A	0.15%	2.27%	0.15%
SHW	A	1.18%	2.25%	1.18%
T	A	1.07%	-2.19%	-2.19%
V	A	1.33%	2.68%	1.33%

BALI Overweight 125 Positions Relative to DFND

Symbol	Grade	Weight
NVDA	C	7.31%
AMZN	C	4.94%
GOOGL	C	3.06%
GOOG	C	1.67%
META	D	1.57%
CVX	A	1.53%
MRK	F	1.35%
GILD	C	1.32%
PM	B	1.26%
WMT	A	1.22%
WM	A	1.22%
PGR	A	1.2%
PFE	D	1.19%
JPM	A	1.16%
UPS	C	1.13%
CAH	B	1.12%
OMF	A	1.1%
TSLA	B	1.06%
RSG	A	1.06%
C	A	1.05%
QCOM	F	1.02%
KMB	D	1.01%
FTNT	C	1.0%
PNW	B	1.0%
UNH	C	0.98%
LLY	F	0.94%
MDT	D	0.93%
VZ	C	0.93%
CL	D	0.87%
BRK.A	B	0.84%
KR	B	0.83%
NOC	D	0.82%
MO	A	0.8%
TFC	A	0.65%
AMGN	D	0.62%
LRCX	F	0.59%
HCA	F	0.57%
TXRH	C	0.54%
ADBE	C	0.52%
COP	C	0.5%
CCEP	C	0.47%
HESM	B	0.46%
UTHR	C	0.46%
SYK	C	0.45%
EXPD	D	0.44%
NBIX	C	0.44%
FE	C	0.42%
MANH	D	0.41%
TT	A	0.4%
LDOS	C	0.4%
XOM	B	0.4%
ALL	A	0.4%
HAL	C	0.39%
MU	D	0.37%
NOW	A	0.37%
ES	D	0.35%
TRV	B	0.34%
TJX	A	0.34%
NTRA	B	0.33%
EXC	C	0.31%
MTN	C	0.31%
CMS	C	0.3%
EME	C	0.3%
OSK	B	0.28%
SPGI	C	0.26%
NTAP	C	0.26%
HUBS	A	0.25%
WRB	A	0.25%
NNN	D	0.25%
PH	A	0.24%
CRWD	B	0.23%
SPG	B	0.23%
WING	D	0.22%
MCK	B	0.21%
HAS	D	0.21%
ELV	F	0.2%
PCAR	B	0.2%
EXEL	B	0.18%
CPT	B	0.18%
NFLX	A	0.15%
AVB	B	0.15%
OHI	C	0.15%
TSCO	D	0.14%
GD	F	0.14%
BSX	B	0.14%
INCY	C	0.14%
BKNG	A	0.13%
CI	F	0.12%
SMAR	A	0.12%
KMI	A	0.11%
DDS	B	0.11%
IDA	A	0.1%
TMO	F	0.1%
DUK	C	0.1%
CSX	B	0.07%
HES	B	0.07%
KRG	B	0.07%
ED	D	0.06%
WCN	A	0.06%
NYT	C	0.05%
ROST	C	0.05%
WHR	B	0.05%
SNAP	C	0.04%
K	A	0.04%
DOC	D	0.04%
BIIB	F	0.03%
JNJ	D	0.03%
INGR	B	0.03%
IVZ	B	0.02%
NUE	C	0.02%
PAG	B	0.02%
MELI	D	0.02%
SON	D	0.02%
FLEX	A	0.02%
JNPR	F	0.02%
HD	A	0.01%
CLX	B	0.01%
LEVI	F	0.01%
XP	F	0.01%
CAG	D	0.01%
FOXA	B	0.0%
TSN	B	0.0%
BBY	D	0.0%
EQIX	A	0.0%
RGA	A	0.0%

BALI Underweight 46 Positions Relative to DFND

Symbol	Grade	Weight
SNA	A	-2.66%
VRSK	A	-2.44%
KLAC	D	-2.42%
FDS	B	-2.22%
NDSN	B	-2.22%
BRO	B	-2.13%
MPC	D	-2.11%
CMI	A	-2.09%
PHM	D	-2.0%
MCO	B	-1.85%
PPG	F	-1.77%
ITW	B	-1.71%
ROK	B	-1.65%
AMAT	F	-1.59%
AON	A	-1.52%
ALLE	D	-1.51%
HON	B	-1.45%
J	F	-1.42%
CB	C	-1.39%
ADI	D	-1.37%
HSY	F	-1.36%
MSCI	C	-1.33%
MPWR	F	-1.31%
HUBB	B	-1.27%
LIN	D	-1.2%
FAST	B	-1.13%
LW	C	-1.13%
AOS	F	-1.09%
ALB	C	-1.01%
GL	B	-0.93%
ODFL	B	-0.88%
MLM	B	-0.8%
INTU	C	-0.78%
BR	A	-0.75%
MCHP	F	-0.08%
PARA	C	--0.33%
APA	D	--0.82%
INTC	D	--1.08%
VFC	C	--1.1%
FCX	D	--1.86%
NWS	A	--1.96%
LUV	C	--2.05%
SW	A	--2.15%
IP	B	--2.32%
CNP	B	--2.56%
D	C	--2.96%