LVHD vs. DIVP ETF Comparison

Comparison of Legg Mason Low Volatility High Dividend ETF (LVHD) to Cullen Enhanced Equity Income ETF (DIVP)

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.81

Average Daily Volume

44,376

Number of Holdings ^*

118

* 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

$27.05

Average Daily Volume

1,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LVHD	DIVP
30 Days	0.60%	1.33%
60 Days	1.38%	1.78%
90 Days	3.98%	3.75%
12 Months	21.09%

9 Overlapping Holdings

Symbol	Grade	Weight in LVHD	Weight in DIVP	Overlap
CSCO	B	2.57%	4.46%	2.57%
CVX	A	2.69%	3.51%	2.69%
DOC	C	0.26%	2.86%	0.26%
DUK	C	2.33%	3.6%	2.33%
IBM	C	2.47%	2.62%	2.47%
MO	A	2.78%	2.73%	2.73%
PM	B	2.44%	3.47%	2.44%
SYY	D	1.81%	2.92%	1.81%
VICI	C	1.4%	3.83%	1.4%

LVHD Overweight 109 Positions Relative to DIVP

Symbol	Grade	Weight
MCD	D	2.71%
HD	B	2.66%
USB	A	2.58%
LMT	D	2.54%
SO	C	2.41%
PEP	F	2.39%
MDLZ	F	2.32%
KO	D	2.3%
JNJ	C	2.29%
KDP	F	2.26%
OKE	A	2.18%
HSY	F	2.14%
KMB	C	2.1%
AEP	C	2.07%
PAYX	B	2.07%
PNC	B	2.01%
GIS	D	1.87%
XEL	A	1.84%
EXC	C	1.83%
K	A	1.76%
DRI	B	1.65%
ETR	B	1.65%
WEC	A	1.48%
ED	C	1.28%
OMC	C	1.17%
LYB	F	1.16%
FANG	C	1.14%
PKG	A	1.06%
AEE	A	1.04%
NI	A	1.04%
DTE	C	1.02%
HST	C	1.01%
EVRG	A	0.93%
IPG	D	0.9%
MAA	B	0.87%
KIM	A	0.84%
ESS	B	0.83%
EQR	C	0.8%
PNW	A	0.71%
LNT	A	0.67%
REG	A	0.63%
FNF	B	0.54%
WPC	C	0.53%
FRT	B	0.51%
ADC	A	0.5%
BRX	A	0.5%
CUBE	C	0.49%
GLPI	C	0.48%
DTM	A	0.42%
OGE	A	0.37%
ONB	C	0.35%
WTRG	B	0.34%
NNN	C	0.33%
CTRE	C	0.31%
EPRT	B	0.31%
AFG	A	0.31%
STAG	D	0.31%
POR	C	0.31%
VLY	B	0.29%
MSM	C	0.28%
IDA	A	0.28%
SON	F	0.27%
FNB	A	0.25%
NSA	C	0.25%
APLE	B	0.24%
OGS	A	0.23%
EPR	C	0.22%
BKH	A	0.22%
INSW	F	0.22%
HIW	C	0.2%
SR	A	0.19%
ALE	A	0.19%
FHI	B	0.17%
FIBK	B	0.17%
NJR	A	0.17%
FULT	A	0.17%
BOH	B	0.16%
UBSI	B	0.16%
BNL	D	0.15%
CBU	B	0.14%
FHB	B	0.14%
AVA	A	0.14%
AUB	B	0.13%
NWE	B	0.13%
ROIC	A	0.13%
NHI	D	0.13%
CNA	C	0.12%
LXP	D	0.12%
CVBF	A	0.12%
NTST	C	0.11%
FCPT	C	0.11%
PFS	B	0.1%
FRME	B	0.08%
DEA	D	0.08%
LTC	B	0.08%
NWN	A	0.08%
TOWN	B	0.07%
NBTB	B	0.07%
HOPE	C	0.07%
UVV	B	0.07%
FFBC	B	0.07%
UNIT	B	0.07%
GTY	A	0.07%
NWBI	B	0.07%
PINC	B	0.06%
AAT	B	0.06%
PFBC	B	0.06%
LADR	B	0.06%
FCF	B	0.06%

LVHD Underweight 23 Positions Relative to DIVP

Symbol	Grade	Weight
EOG	A	-4.39%
BMY	B	-4.1%
MDT	D	-3.88%
PPL	A	-3.6%
C	A	-3.35%
TFC	A	-3.34%
BAC	A	-3.33%
KVUE	A	-3.28%
CAG	F	-3.25%
VZ	C	-3.24%
CMCSA	B	-3.23%
XOM	B	-3.22%
MRK	D	-3.12%
RTX	D	-2.89%
BAX	F	-2.67%
JCI	B	-2.55%
JPM	A	-2.41%
TRV	B	-2.21%
DOW	F	-2.1%
GD	D	-2.03%
RIO	D	-1.81%
GPC	D	-1.81%
UPS	C	-1.75%