DFND vs. MPAY ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to Akros Monthly Payout ETF (MPAY)

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

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.89

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFND	MPAY
30 Days	-1.19%	1.35%
60 Days	2.16%	0.61%
90 Days	12.82%	2.24%
12 Months	12.95%	24.38%

13 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in MPAY	Overlap
AAPL	C	0.95%	5.94%	0.95%
ACN	C	0.34%	1.34%	0.34%
AMAT	F	1.59%	1.45%	1.45%
COST	B	1.2%	1.77%	1.2%
CSCO	B	1.5%	1.28%	1.28%
INTU	C	0.78%	1.3%	0.78%
KLAC	D	2.42%	1.32%	1.32%
LIN	D	1.2%	1.27%	1.2%
LMT	D	2.05%	1.23%	1.23%
MA	C	1.75%	1.76%	1.75%
MCD	D	2.2%	1.31%	1.31%
MSFT	F	1.0%	5.7%	1.0%
V	A	2.68%	1.77%	1.77%

DFND Overweight 57 Positions Relative to MPAY

Symbol	Grade	Weight
SNA	A	2.66%
CTAS	B	2.6%
VRSK	A	2.44%
PG	A	2.27%
GWW	B	2.25%
SHW	A	2.25%
FDS	B	2.22%
NDSN	B	2.22%
BRO	B	2.13%
MPC	D	2.11%
CMI	A	2.09%
PHM	D	2.0%
MSI	B	1.86%
MCO	B	1.85%
PPG	F	1.77%
ETN	A	1.74%
ITW	B	1.71%
ROK	B	1.65%
AON	A	1.52%
ALLE	D	1.51%
DHI	D	1.47%
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%
CBOE	B	1.26%
CME	A	1.24%
MMC	B	1.21%
CMCSA	B	1.15%
FAST	B	1.13%
LW	C	1.13%
AOS	F	1.09%
ALB	C	1.01%
GL	B	0.93%
ODFL	B	0.88%
AVGO	D	0.86%
MLM	B	0.8%
BR	A	0.75%
MCHP	D	0.08%
PARA	C	-0.33%
APA	D	-0.82%
INTC	D	-1.08%
VFC	C	-1.1%
DVN	F	-1.12%
FCX	D	-1.86%
NWS	B	-1.96%
LUV	C	-2.05%
SW	A	-2.15%
T	A	-2.19%
IP	B	-2.32%
F	C	-2.41%
CNP	B	-2.56%
D	C	-2.96%

DFND Underweight 38 Positions Relative to MPAY

Symbol	Grade	Weight
NVDA	C	-6.38%
AMZN	C	-4.97%
GOOGL	C	-4.73%
GLDM	C	-3.6%
IAUM	C	-3.36%
LLY	F	-3.04%
WMT	A	-2.21%
TSLA	B	-1.83%
ORCL	B	-1.78%
UNH	C	-1.74%
HD	A	-1.74%
ADBE	C	-1.57%
XOM	B	-1.55%
MRK	F	-1.53%
NOW	A	-1.46%
JNJ	D	-1.46%
ABBV	D	-1.45%
NFLX	A	-1.44%
CRM	B	-1.43%
LOW	D	-1.37%
QCOM	F	-1.36%
CVX	A	-1.32%
CAT	B	-1.28%
HCA	F	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
PM	B	-1.27%
BKNG	A	-1.26%
PEP	F	-1.25%
NKE	D	-1.25%
ADP	B	-1.24%
AZO	C	-1.24%
ABNB	C	-1.23%
TXN	C	-1.23%
ABT	B	-1.23%
UPS	C	-1.22%
RTX	C	-1.19%
DELL	C	-1.02%