DFND vs. NBCR ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to Neuberger Berman Core Equity ETF (NBCR)

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

$43.30

Average Daily Volume

849

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBCR

Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$27.34

Average Daily Volume

16,149

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

Performance

Period	DFND	NBCR
30 Days	6.81%	1.30%
60 Days	3.15%	3.91%
90 Days	13.91%	5.19%
12 Months	14.05%

27 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in NBCR	Overlap
AAPL	C	0.95%	6.48%	0.95%
ACN	B	0.34%	0.47%	0.34%
ADI	D	1.37%	0.5%	0.5%
AMAT	F	1.59%	0.52%	0.52%
AON	A	1.52%	1.41%	1.41%
CNP	A	-2.56%	0.09%	-2.56%
COST	A	1.2%	1.06%	1.06%
CSCO	B	1.5%	0.46%	0.46%
D	C	-2.96%	0.17%	-2.96%
ETN	A	1.74%	0.63%	0.63%
FCX	F	-1.86%	0.26%	-1.86%
GL	C	0.93%	0.26%	0.26%
INTU	B	0.78%	0.62%	0.62%
J	D	1.42%	0.19%	0.19%
LIN	C	1.2%	0.59%	0.59%
LMT	D	2.05%	0.26%	0.26%
MA	B	1.75%	1.1%	1.1%
MCD	D	2.2%	0.58%	0.58%
MCO	B	1.85%	0.28%	0.28%
MLM	C	0.8%	0.25%	0.25%
MSFT	D	1.0%	6.01%	1.0%
MSI	B	1.86%	0.35%	0.35%
PG	C	2.27%	0.87%	0.87%
SHW	B	2.25%	0.24%	0.24%
T	A	-2.19%	0.75%	-2.19%
V	A	2.68%	1.23%	1.23%
VRSK	A	2.44%	0.17%	0.17%

DFND Overweight 43 Positions Relative to NBCR

Symbol	Grade	Weight
SNA	A	2.66%
CTAS	B	2.6%
KLAC	F	2.42%
GWW	B	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%
PPG	F	1.77%
ITW	B	1.71%
ROK	C	1.65%
ALLE	C	1.51%
DHI	F	1.47%
HON	C	1.45%
CB	C	1.39%
HSY	F	1.36%
MSCI	C	1.33%
MPWR	F	1.31%
HUBB	B	1.27%
CBOE	C	1.26%
CME	B	1.24%
MMC	B	1.21%
CMCSA	B	1.15%
FAST	B	1.13%
LW	C	1.13%
AOS	F	1.09%
ALB	B	1.01%
ODFL	C	0.88%
AVGO	D	0.86%
BR	A	0.75%
MCHP	F	0.08%
PARA	C	-0.33%
APA	D	-0.82%
INTC	C	-1.08%
VFC	C	-1.1%
DVN	F	-1.12%
NWS	A	-1.96%
LUV	C	-2.05%
SW	A	-2.15%
IP	A	-2.32%
F	C	-2.41%

DFND Underweight 165 Positions Relative to NBCR

Symbol	Grade	Weight
NVDA	B	-6.7%
AMZN	C	-3.83%
GOOGL	C	-3.37%
GOOG	C	-1.94%
JPM	A	-1.4%
HD	B	-1.22%
LLY	F	-1.19%
XOM	B	-1.15%
ORCL	A	-0.99%
WFC	A	-0.99%
JNJ	C	-0.98%
UNM	A	-0.97%
GE	D	-0.94%
QCOM	F	-0.91%
TMUS	B	-0.88%
BSX	A	-0.87%
CRM	B	-0.87%
ABBV	F	-0.86%
NFLX	A	-0.81%
TDG	D	-0.77%
NOW	A	-0.77%
BAC	A	-0.76%
AIG	B	-0.76%
SPGI	C	-0.74%
UBER	F	-0.74%
MDT	D	-0.72%
TJX	A	-0.71%
FI	A	-0.66%
TXN	C	-0.63%
CCL	A	-0.62%
KKR	A	-0.61%
FYBR	C	-0.6%
GM	C	-0.59%
SNPS	B	-0.58%
AMD	F	-0.57%
IWB	A	-0.56%
ICE	C	-0.56%
TMO	F	-0.53%
DKNG	B	-0.52%
VRTX	D	-0.51%
CAT	B	-0.51%
CRWD	B	-0.51%
UL	D	-0.51%
ZBH	C	-0.5%
BKNG	A	-0.49%
PH	A	-0.48%
TT	A	-0.48%
ALL	A	-0.45%
APH	A	-0.45%
MMM	D	-0.44%
GS	A	-0.42%
KDP	F	-0.42%
ULTA	F	-0.4%
COP	C	-0.4%
NVT	B	-0.39%
C	A	-0.39%
PLD	F	-0.38%
CARR	C	-0.36%
CL	D	-0.36%
IR	B	-0.36%
MDLZ	F	-0.36%
BLK	B	-0.35%
LVS	B	-0.35%
NEE	C	-0.33%
CVS	D	-0.33%
DE	B	-0.33%
APO	B	-0.32%
URI	C	-0.32%
AMGN	F	-0.31%
GIS	D	-0.31%
EOG	A	-0.31%
PNC	B	-0.31%
REGN	F	-0.3%
TRU	D	-0.3%
NDAQ	A	-0.3%
AVY	F	-0.29%
NSC	B	-0.29%
BMY	B	-0.28%
CSX	C	-0.27%
ELV	F	-0.26%
ORLY	B	-0.26%
HCA	F	-0.26%
SLB	C	-0.26%
MCK	A	-0.25%
DAL	B	-0.25%
DLTR	F	-0.25%
AIZ	A	-0.25%
NKE	F	-0.25%
PSX	C	-0.24%
FANG	C	-0.24%
FITB	B	-0.24%
ASML	F	-0.23%
DUK	C	-0.23%
K	A	-0.22%
LEN	D	-0.22%
EHC	B	-0.22%
MET	A	-0.22%
FDX	B	-0.22%
SAIA	B	-0.21%
WCN	A	-0.21%
LRCX	F	-0.2%
HUM	C	-0.2%
SRE	A	-0.2%
VTR	B	-0.2%
CHKP	C	-0.2%
AEP	C	-0.19%
BA	F	-0.19%
DGX	A	-0.19%
EFX	F	-0.18%
DXCM	C	-0.18%
CNC	D	-0.18%
STZ	D	-0.17%
EA	A	-0.17%
MOH	F	-0.17%
ADSK	A	-0.17%
CEG	C	-0.17%
WMB	A	-0.16%
PEG	A	-0.16%
RSG	A	-0.16%
ELS	C	-0.16%
ECL	D	-0.16%
OKE	A	-0.16%
ETR	B	-0.16%
TKO	A	-0.15%
VST	A	-0.15%
FCPT	C	-0.14%
CFG	B	-0.14%
ESI	B	-0.14%
PCG	A	-0.14%
APTV	F	-0.14%
WRBY	A	-0.14%
APD	A	-0.14%
EQT	B	-0.13%
LNT	A	-0.13%
LNG	A	-0.13%
AVTR	F	-0.13%
CDW	F	-0.13%
ENTG	D	-0.13%
IQV	F	-0.13%
IT	C	-0.13%
BLDR	D	-0.12%
MTCH	D	-0.12%
TW	A	-0.12%
BK	A	-0.12%
NUE	C	-0.11%
FE	C	-0.11%
STWD	C	-0.11%
ON	D	-0.1%
INVH	D	-0.1%
STLD	B	-0.1%
EQR	C	-0.09%
TRGP	A	-0.09%
BMRN	F	-0.09%
UTZ	D	-0.08%
DTM	A	-0.08%
CCK	D	-0.08%
WIX	A	-0.08%
TOL	B	-0.07%
DTE	C	-0.07%
SMAR	B	-0.07%
GXO	B	-0.06%
WY	F	-0.06%
IONS	F	-0.05%
FBIN	D	-0.05%
BHP	F	-0.03%