PAVE vs. TGLR ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to LAFFER TENGLER Equity Income ETF (TGLR)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$46.04

Average Daily Volume

1,110,201

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.90

Average Daily Volume

2,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	TGLR
30 Days	9.35%	3.29%
60 Days	11.83%	4.83%
90 Days	15.65%	7.46%
12 Months	45.99%	30.96%

2 Overlapping Holdings

	Symbol	Grade	Weight in PAVE	Weight in TGLR	Overlap
	EMR	A	3.13%	3.16%	3.13%
	STLD	B	1.55%	2.95%	1.55%

PAVE Overweight 96 Positions Relative to TGLR

Symbol	Grade	Weight
TT	A	3.76%
PH	A	3.45%
ETN	A	3.45%
URI	B	3.41%
PWR	A	3.28%
HWM	A	3.25%
SRE	A	2.93%
FAST	B	2.74%
MLM	B	2.73%
VMC	B	2.62%
NSC	B	2.54%
CSX	B	2.37%
DE	A	2.36%
UNP	C	2.25%
ROK	B	2.19%
NUE	C	1.98%
FTV	C	1.85%
HUBB	B	1.64%
EME	C	1.63%
BLDR	D	1.56%
CSL	C	1.53%
J	F	1.24%
RS	B	1.24%
PNR	A	1.22%
RPM	A	1.22%
TRMB	B	1.22%
IEX	B	1.21%
WLK	D	1.13%
GGG	B	1.05%
ACM	A	1.02%
POWL	C	0.89%
LECO	B	0.83%
RRX	B	0.8%
BLD	D	0.8%
AGX	B	0.79%
TTEK	F	0.76%
TPC	C	0.75%
MTZ	B	0.75%
WCC	B	0.74%
EXP	A	0.74%
WWD	B	0.72%
AYI	B	0.71%
WMS	D	0.71%
MLI	C	0.71%
USLM	A	0.71%
CR	A	0.69%
RBC	A	0.64%
STRL	B	0.59%
CRS	A	0.59%
PRIM	A	0.56%
LPX	B	0.56%
X	C	0.56%
AA	B	0.51%
ATI	D	0.5%
DXPE	B	0.5%
GVA	A	0.49%
ROAD	A	0.49%
VMI	B	0.49%
CMC	B	0.48%
ZWS	B	0.47%
BMI	B	0.45%
CSWI	A	0.44%
HRI	B	0.43%
NWPX	A	0.43%
CENX	B	0.43%
MWA	B	0.4%
CLF	F	0.4%
SUM	B	0.4%
DY	D	0.38%
KNF	A	0.37%
EXPO	D	0.35%
ACA	A	0.35%
GBX	A	0.34%
TRN	C	0.34%
DNOW	B	0.34%
MRC	B	0.3%
MTX	B	0.29%
GRC	A	0.29%
HAYN	C	0.27%
HEES	B	0.27%
TEX	D	0.25%
ASTE	B	0.25%
MYRG	B	0.25%
MDU	D	0.25%
MTRN	C	0.23%
CMCO	B	0.23%
ATKR	C	0.23%
CXT	B	0.22%
IIIN	C	0.21%
ROCK	C	0.21%
WNC	C	0.18%
CTOS	C	0.18%
RYI	C	0.17%
MTUS	C	0.17%
CALX	D	0.16%
TITN	C	0.13%

PAVE Underweight 27 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	B	-6.28%
AXP	A	-4.92%
WMT	A	-4.63%
JPM	A	-4.49%
AVGO	D	-4.35%
MSFT	F	-4.18%
CARR	D	-4.14%
HD	A	-4.12%
GS	A	-3.91%
MCD	D	-3.79%
RTX	C	-3.68%
ABBV	D	-3.62%
TXN	C	-3.16%
CVX	A	-3.16%
LHX	C	-3.01%
SBUX	A	-2.89%
JNJ	D	-2.86%
EOG	A	-2.81%
GOOGL	C	-2.58%
DELL	C	-2.53%
NXPI	D	-2.49%
AAPL	C	-2.44%
PLD	D	-2.28%
LRCX	F	-2.2%
PEP	F	-2.09%
MDT	D	-2.02%
NEE	D	-1.76%