CWS vs. DFND ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Realty Shares DIVCON Dividend Defender ETF (DFND)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$68.18

Average Daily Volume

10,345

Number of Holdings ^*

* 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

$42.27

Average Daily Volume

647

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	DFND
30 Days	-0.53%	-1.30%
60 Days	0.90%	12.34%
90 Days	4.58%	6.99%
12 Months	34.60%	15.77%

5 Overlapping Holdings

Symbol	Grade	Weight in CWS	Weight in DFND	Overlap
BR	C	3.65%	0.72%	0.72%
FDS	B	3.37%	2.09%	2.09%
HSY	F	3.39%	1.39%	1.39%
INTU	D	3.31%	0.68%	0.68%
MCO	D	4.11%	1.81%	1.81%

CWS Overweight 20 Positions Relative to DFND

Symbol	Grade	Weight
FICO	B	5.86%
FI	A	5.23%
MLR	A	5.04%
HEI	D	4.88%
AFL	D	4.76%
APH	B	4.7%
ICE	C	4.43%
SYK	A	4.15%
COR	A	3.95%
SAIC	A	3.94%
OTIS	B	3.92%
ROL	D	3.9%
SLGN	A	3.81%
AWK	D	3.72%
TMO	D	3.71%
ABT	A	3.67%
AGM	D	3.29%
MGRC	A	3.04%
CE	F	2.84%
PII	F	2.52%

CWS Underweight 66 Positions Relative to DFND

Symbol	Grade	Weight
CTAS	B	-2.53%
KLAC	F	-2.51%
V	A	-2.48%
SNA	A	-2.43%
PG	D	-2.32%
VRSK	B	-2.28%
MCD	C	-2.21%
LMT	D	-2.19%
NDSN	D	-2.18%
SHW	D	-2.11%
GWW	A	-2.1%
PHM	D	-2.07%
BRO	B	-2.07%
MPC	F	-2.06%
MPWR	F	-2.02%
CMI	B	-1.9%
PPG	F	-1.81%
MSI	B	-1.77%
MA	B	-1.74%
ETN	B	-1.67%
DHI	D	-1.63%
ITW	A	-1.63%
ALLE	C	-1.62%
AMAT	F	-1.57%
ROK	B	-1.54%
ADI	C	-1.47%
CSCO	B	-1.46%
AON	A	-1.45%
CB	C	-1.44%
J	D	-1.43%
HON	B	-1.39%
CBOE	B	-1.36%
MSCI	C	-1.31%
HUBB	B	-1.29%
CME	B	-1.27%
LIN	C	-1.27%
MMC	D	-1.23%
AOS	F	-1.17%
COST	D	-1.17%
CMCSA	A	-1.1%
LW	B	-1.09%
FAST	A	-1.05%
MSFT	D	-1.0%
AAPL	C	-0.97%
GL	C	-0.96%
ALB	C	-0.93%
AVGO	B	-0.88%
MLM	A	-0.77%
ODFL	A	-0.75%
ACN	C	-0.35%
MCHP	F	-0.1%
PPL	C	--0.21%
PARA	C	--0.31%
APA	F	--0.9%
VFC	A	--0.93%
INTC	C	--0.95%
DVN	F	--1.13%
NWS	A	--1.71%
LUV	A	--1.76%
SW	A	--2.0%
IP	A	--2.01%
FCX	D	--2.07%
T	A	--2.22%
F	D	--2.42%
CNP	C	--2.55%
D	B	--3.22%