COWS vs. GCAD ETF Comparison

Comparison of Amplify Cash Flow Dividend Leaders ETF (COWS) to Gabelli Equity Income ETF (GCAD)

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$31.28

Average Daily Volume

6,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

871

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	COWS	GCAD
30 Days	6.07%	2.90%
60 Days	7.16%	4.74%
90 Days	6.78%	4.50%
12 Months	27.71%	33.11%

0 Overlapping Holdings

	Symbol	Grade	Weight in COWS	Weight in GCAD	Overlap

COWS Overweight 53 Positions Relative to GCAD

Symbol	Grade	Weight
VST	A	4.0%
SNA	A	2.95%
OC	A	2.76%
G	B	2.68%
CMCSA	B	2.56%
MRO	B	2.49%
CF	A	2.48%
SLB	C	2.48%
HAL	C	2.43%
BC	C	2.42%
FNF	B	2.35%
FDX	B	2.31%
EBAY	C	2.3%
TPR	B	2.21%
WSM	C	2.17%
TKR	D	2.13%
BMY	B	2.07%
ALSN	B	2.03%
PARA	C	2.02%
SM	B	2.02%
PVH	C	1.95%
PTEN	C	1.93%
VLO	C	1.89%
NXST	C	1.86%
SWKS	F	1.84%
BEN	C	1.8%
BBWI	C	1.75%
NOV	C	1.74%
PR	B	1.74%
MGY	A	1.73%
MUR	D	1.72%
MTDR	B	1.67%
GAP	C	1.67%
ASO	F	1.63%
T	A	1.6%
MCK	A	1.48%
DVN	F	1.48%
VNT	C	1.46%
OLN	F	1.45%
TMUS	B	1.43%
DNB	B	1.43%
AYI	B	1.4%
BWA	D	1.37%
CSCO	B	1.34%
AEO	F	1.33%
LEA	F	1.33%
RL	C	1.29%
OGN	F	1.29%
OSK	C	1.27%
INGR	C	1.25%
IPG	D	1.23%
SAIC	F	1.19%
ENS	F	1.12%

COWS Underweight 31 Positions Relative to GCAD

Symbol	Grade	Weight
BA	F	-8.08%
SPR	D	-6.93%
HXL	F	-6.04%
MOG.A	B	-5.73%
DCO	C	-5.35%
HON	C	-4.74%
LMT	D	-4.32%
CW	C	-3.96%
WWD	C	-3.94%
RTX	D	-3.72%
HEI	A	-3.72%
CR	A	-3.68%
HWM	A	-3.42%
TXT	D	-3.38%
LHX	C	-3.24%
NOC	D	-3.23%
MRCY	C	-3.0%
GE	D	-2.94%
LDOS	C	-2.92%
AIN	C	-2.5%
B	A	-2.3%
TGI	B	-2.08%
GD	D	-1.88%
CDRE	F	-1.57%
RDW	A	-1.39%
KTOS	B	-1.04%
PKE	B	-0.96%
AIR	B	-0.86%
ATRO	D	-0.82%
LLAP	F	-0.26%
MYNA	D	-0.18%