IPDP vs. DFND ETF Comparison

Comparison of Dividend Performers ETF (IPDP) to Realty Shares DIVCON Dividend Defender ETF (DFND)

IPDP

Dividend Performers ETF

IPDP Description

The investment seeks to provide income; the secondary objective is capital appreciation. The fund’s investment strategy is twofold: (1) investing in dividend paying U.S. equity securities, and (2) credit spread options on an S&P 500 ETF or Index. It may also invest in equity real estate investment trusts (“REITs”). A credit spread is an options strategy that involves the purchase of one option and a sale of another option in the same class and with the same expiration but different strike prices.

Grade (RS Rating)

Last Trade

$20.77

Average Daily Volume

1,324

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

$42.88

Average Daily Volume

851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPDP	DFND
30 Days	5.99%	-1.19%
60 Days	7.03%	2.16%
90 Days	8.82%	12.82%
12 Months	33.16%	12.95%

13 Overlapping Holdings

Symbol	Grade	Weight in IPDP	Weight in DFND	Overlap
AAPL	C	2.01%	0.95%	0.95%
ACN	C	1.97%	0.34%	0.34%
AOS	F	1.97%	1.09%	1.09%
BRO	B	2.0%	2.13%	2.0%
CSCO	B	1.99%	1.5%	1.5%
CTAS	B	2.02%	2.6%	2.02%
ETN	A	1.99%	1.74%	1.74%
FAST	B	1.99%	1.13%	1.13%
GWW	B	2.0%	2.25%	2.0%
KLAC	D	1.92%	2.42%	1.92%
MMC	B	2.01%	1.21%	1.21%
MSI	B	2.0%	1.86%	1.86%
SNA	A	2.0%	2.66%	2.0%

IPDP Overweight 37 Positions Relative to DFND

Symbol	Grade	Weight
MCK	B	2.04%
UNH	C	2.03%
HIG	B	2.03%
RTX	C	2.02%
ALL	A	2.02%
ABT	B	2.02%
JNJ	D	2.02%
ORI	A	2.02%
TRV	B	2.01%
TT	A	2.01%
SYK	C	2.01%
COR	B	2.0%
AMP	A	2.0%
CSGS	B	2.0%
ABM	B	2.0%
HNI	B	2.0%
THG	A	2.0%
CAH	B	1.99%
PRI	A	1.99%
A	D	1.98%
ADP	B	1.98%
ABBV	D	1.98%
RGA	A	1.98%
MRK	F	1.98%
APH	A	1.96%
DCI	B	1.96%
LECO	B	1.96%
APOG	B	1.96%
SEIC	B	1.96%
DOV	A	1.96%
AIT	A	1.96%
TROW	B	1.96%
IEX	B	1.95%
WTS	B	1.95%
ECL	D	1.95%
BRC	D	1.9%
QCOM	F	1.88%

IPDP Underweight 57 Positions Relative to DFND

Symbol	Grade	Weight
V	A	-2.68%
VRSK	A	-2.44%
PG	A	-2.27%
SHW	A	-2.25%
FDS	B	-2.22%
NDSN	B	-2.22%
MCD	D	-2.2%
MPC	D	-2.11%
CMI	A	-2.09%
LMT	D	-2.05%
PHM	D	-2.0%
MCO	B	-1.85%
PPG	F	-1.77%
MA	C	-1.75%
ITW	B	-1.71%
ROK	B	-1.65%
AMAT	F	-1.59%
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%
COST	B	-1.2%
LIN	D	-1.2%
CMCSA	B	-1.15%
LW	C	-1.13%
ALB	C	-1.01%
MSFT	F	-1.0%
GL	B	-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	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%