DFND vs. ACWV ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

$42.95

Average Daily Volume

855

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.63

Average Daily Volume

115,198

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	DFND	ACWV
30 Days	4.25%	1.51%
60 Days	-0.53%	-0.08%
90 Days	12.99%	1.49%
12 Months	13.20%	19.64%

18 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in ACWV	Overlap
ACN	B	0.34%	0.25%	0.25%
AON	A	1.52%	0.36%	0.36%
BRO	A	2.13%	0.3%	0.3%
CB	C	1.39%	0.87%	0.87%
CBOE	B	1.26%	0.57%	0.57%
CME	A	1.24%	0.24%	0.24%
CSCO	A	1.5%	1.58%	1.5%
HSY	F	1.36%	0.43%	0.43%
LMT	D	2.05%	0.23%	0.23%
MA	A	1.75%	0.19%	0.19%
MCD	D	2.2%	0.98%	0.98%
MMC	A	1.21%	0.9%	0.9%
MPC	D	2.11%	0.15%	0.15%
MSFT	C	1.0%	0.73%	0.73%
MSI	B	1.86%	1.89%	1.86%
PG	A	2.27%	0.86%	0.86%
T	A	-2.19%	0.27%	-2.19%
V	A	2.68%	0.59%	0.59%

DFND Overweight 52 Positions Relative to ACWV

Symbol	Grade	Weight
SNA	A	2.66%
CTAS	A	2.6%
VRSK	A	2.44%
KLAC	D	2.42%
GWW	A	2.25%
SHW	A	2.25%
FDS	B	2.22%
NDSN	B	2.22%
CMI	A	2.09%
PHM	D	2.0%
MCO	A	1.85%
PPG	D	1.77%
ETN	A	1.74%
ITW	A	1.71%
ROK	B	1.65%
AMAT	F	1.59%
ALLE	D	1.51%
DHI	D	1.47%
HON	B	1.45%
J	D	1.42%
ADI	D	1.37%
MSCI	B	1.33%
MPWR	F	1.31%
HUBB	B	1.27%
COST	A	1.2%
LIN	D	1.2%
CMCSA	C	1.15%
FAST	A	1.13%
LW	C	1.13%
AOS	F	1.09%
ALB	C	1.01%
AAPL	A	0.95%
GL	C	0.93%
ODFL	B	0.88%
AVGO	D	0.86%
MLM	B	0.8%
INTU	C	0.78%
BR	A	0.75%
MCHP	D	0.08%
PARA	D	-0.33%
APA	F	-0.82%
INTC	D	-1.08%
VFC	B	-1.1%
DVN	F	-1.12%
FCX	F	-1.86%
NWS	B	-1.96%
LUV	C	-2.05%
SW	B	-2.15%
IP	B	-2.32%
F	C	-2.41%
CNP	A	-2.56%
D	C	-2.96%

DFND Underweight 120 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	A	-2.02%
WMT	A	-1.93%
WM	A	-1.5%
MCK	B	-1.43%
ROP	B	-1.33%
RSG	A	-1.21%
MRK	D	-1.06%
JNJ	D	-1.06%
COR	A	-1.05%
PEP	F	-1.05%
VRTX	D	-1.04%
BRK.A	B	-0.92%
ED	C	-0.86%
PGR	A	-0.86%
DUK	C	-0.83%
KR	A	-0.83%
UNH	B	-0.82%
SO	C	-0.8%
VZ	B	-0.79%
IBM	C	-0.77%
AZO	B	-0.75%
NOC	D	-0.75%
WEC	A	-0.7%
GDDY	A	-0.68%
EA	B	-0.63%
GIS	D	-0.61%
ORLY	A	-0.61%
ACGL	D	-0.57%
REGN	F	-0.57%
K	A	-0.56%
APH	B	-0.55%
ORCL	B	-0.55%
ABBV	D	-0.51%
FI	A	-0.5%
LLY	D	-0.49%
CHD	B	-0.47%
GILD	B	-0.46%
KEYS	B	-0.45%
MKL	A	-0.44%
WRB	A	-0.42%
L	A	-0.41%
ELV	F	-0.41%
WCN	A	-0.4%
UTHR	B	-0.38%
FFIV	A	-0.37%
TJX	A	-0.37%
BAH	F	-0.36%
CL	D	-0.36%
CHT	C	-0.36%
KDP	D	-0.35%
INCY	B	-0.35%
AMGN	F	-0.34%
AJG	A	-0.34%
VRSN	C	-0.34%
HUM	C	-0.33%
KMB	C	-0.32%
NBIX	C	-0.32%
TRV	B	-0.32%
KHC	D	-0.32%
TSN	B	-0.31%
GEN	A	-0.3%
JNPR	F	-0.29%
ERIE	D	-0.28%
AKAM	D	-0.28%
SJM	C	-0.27%
CF	B	-0.26%
BMY	B	-0.25%
FCNCA	B	-0.25%
CI	D	-0.24%
MDLZ	F	-0.24%
MFG	B	-0.23%
YUM	B	-0.23%
HRL	D	-0.23%
FWONK	A	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
PTC	A	-0.22%
CTSH	A	-0.21%
ROL	A	-0.21%
DPZ	B	-0.2%
BMRN	D	-0.19%
JKHY	D	-0.19%
GD	F	-0.18%
CAH	B	-0.18%
CMS	B	-0.17%
LNG	A	-0.16%
DGX	B	-0.15%
ULTA	F	-0.14%
CTVA	A	-0.13%
TPL	B	-0.13%
AIZ	A	-0.13%
WIT	A	-0.12%
MNST	B	-0.12%
FICO	A	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
MOH	D	-0.11%
XEL	A	-0.11%
NEM	F	-0.1%
WTW	A	-0.1%
WDAY	C	-0.1%
XOM	C	-0.1%
PCG	A	-0.1%
EG	C	-0.1%
ABT	B	-0.1%
TRGP	B	-0.08%
AEP	C	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	F	-0.06%
CHRW	C	-0.06%
HSIC	B	-0.06%
FANG	F	-0.06%
CAG	D	-0.05%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%