DIVZ vs. DIVP ETF Comparison

Comparison of TrueShares Low Volatility Equity Income ETF (DIVZ) to Cullen Enhanced Equity Income ETF (DIVP)

DIVZ

TrueShares Low Volatility Equity Income ETF

DIVZ Description

The investment seeks to provide capital appreciation with lower volatility and a higher dividend yield compared to the S&P 500 Index. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing 25-35 stocks of companies that pay dividends and expect to grow the dividends over time and are trading at attractive valuations at the time of the investment. Under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, will be invested in equity securities, including common stocks and American Depositary Receipts (ADRs). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.51

Average Daily Volume

17,347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$26.18

Average Daily Volume

1,460

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DIVZ	DIVP
30 Days	-1.20%	-1.28%
60 Days	1.60%	0.40%
90 Days	6.46%	6.08%
12 Months	22.33%

10 Overlapping Holdings

Symbol	Grade	Weight in DIVZ	Weight in DIVP	Overlap
C	B	3.27%	3.17%	3.17%
CVX	A	2.68%	3.25%	2.68%
EOG	D	1.74%	3.98%	1.74%
GPC	F	1.86%	1.69%	1.69%
KVUE	A	3.14%	3.21%	3.14%
MDT	C	3.58%	4.05%	3.58%
PM	B	4.73%	3.61%	3.61%
UPS	C	3.6%	1.78%	1.78%
VZ	D	4.3%	3.36%	3.36%
XOM	A	3.89%	3.14%	3.14%

DIVZ Overweight 20 Positions Relative to DIVP

Symbol	Grade	Weight
NEE	D	5.71%
BTI	C	4.61%
KMI	B	4.06%
SBUX	B	3.69%
APD	B	3.31%
KO	D	3.2%
D	C	3.09%
JNJ	D	2.98%
UNH	D	2.95%
AEP	D	2.94%
HSY	F	2.88%
OWL	B	2.86%
PFE	F	2.78%
PEP	D	2.59%
ORCL	B	2.33%
MS	B	2.2%
GS	B	2.19%
AVGO	C	2.08%
LMT	D	1.36%
QCOM	D	0.89%

DIVZ Underweight 22 Positions Relative to DIVP

Symbol	Grade	Weight
CSCO	A	-4.24%
BMY	A	-3.93%
VICI	D	-3.91%
DUK	C	-3.77%
PPL	C	-3.55%
CAG	F	-3.45%
CMCSA	A	-3.26%
MRK	F	-3.26%
TFC	C	-3.13%
BAC	B	-3.05%
DOC	C	-3.04%
BAX	F	-3.03%
RTX	C	-2.96%
SYY	C	-2.94%
MO	A	-2.7%
IBM	D	-2.6%
DOW	F	-2.34%
JCI	C	-2.28%
JPM	B	-2.22%
TRV	B	-2.13%
GD	C	-2.04%
RIO	C	-1.95%