PY vs. DFND ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to Realty Shares DIVCON Dividend Defender ETF (DFND)

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$51.93

Average Daily Volume

5,520

Number of Holdings ^*

105

* 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	PY	DFND
30 Days	4.03%	-1.19%
60 Days	5.45%	2.16%
90 Days	7.68%	12.82%
12 Months	30.80%	12.95%

18 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in DFND	Overlap
AAPL	C	3.82%	0.95%	0.95%
ACN	C	1.18%	0.34%	0.34%
ALLE	D	0.73%	1.51%	0.73%
AOS	F	0.66%	1.09%	0.66%
AVGO	D	2.35%	0.86%	0.86%
BR	A	0.79%	0.75%	0.75%
CB	C	0.91%	1.39%	0.91%
CMCSA	B	1.09%	1.15%	1.09%
HSY	F	0.66%	1.36%	0.66%
ITW	B	0.9%	1.71%	0.9%
LMT	D	0.88%	2.05%	0.88%
MMC	B	0.88%	1.21%	0.88%
MPC	D	0.75%	2.11%	0.75%
MSFT	F	3.5%	1.0%	1.0%
NDSN	B	0.74%	2.22%	0.74%
PPG	F	0.73%	1.77%	0.73%
ROK	B	0.82%	1.65%	0.82%
SNA	A	0.93%	2.66%	0.93%

PY Overweight 87 Positions Relative to DFND

Symbol	Grade	Weight
NVDA	C	3.38%
XOM	B	1.82%
HD	A	1.58%
WFC	A	1.43%
CVX	A	1.35%
MS	A	1.26%
CAT	B	1.18%
AXP	A	1.13%
QCOM	F	1.07%
LOW	D	1.06%
BMY	B	1.05%
ADP	B	1.01%
DFS	B	1.0%
TT	A	1.0%
RTX	C	1.0%
AMP	A	0.99%
TJX	A	0.98%
TRGP	B	0.97%
SYF	B	0.97%
PNC	B	0.96%
EQT	B	0.94%
BKR	B	0.94%
DE	A	0.91%
BK	A	0.91%
MO	A	0.89%
HPE	B	0.88%
STLD	B	0.88%
PNR	A	0.87%
TRV	B	0.86%
CSX	B	0.86%
SLB	C	0.85%
RF	A	0.85%
SPG	B	0.85%
FITB	A	0.85%
MET	A	0.85%
PAYX	C	0.85%
PRU	A	0.84%
RL	B	0.84%
KR	B	0.84%
FOXA	B	0.83%
FDX	B	0.83%
OTIS	C	0.82%
NKE	D	0.82%
PLD	D	0.82%
CI	F	0.81%
AIG	B	0.81%
VLO	C	0.8%
NDAQ	A	0.8%
CTSH	B	0.8%
HPQ	B	0.79%
CINF	A	0.79%
PSX	C	0.79%
WTW	B	0.79%
AIZ	A	0.78%
DD	D	0.78%
TAP	C	0.78%
CVS	D	0.78%
MDLZ	F	0.77%
CF	B	0.77%
EBAY	D	0.77%
BEN	C	0.77%
MRO	B	0.76%
DRI	B	0.76%
HAL	C	0.76%
FANG	D	0.75%
AVB	B	0.75%
BBWI	D	0.75%
HIG	B	0.75%
SYY	B	0.72%
EMN	D	0.72%
ESS	B	0.72%
OXY	D	0.72%
VICI	C	0.7%
MAA	B	0.7%
CPT	B	0.69%
KMB	D	0.69%
EG	C	0.68%
INVH	D	0.67%
GPC	D	0.66%
ARE	D	0.66%
SBAC	D	0.66%
HRL	D	0.65%
MKC	D	0.65%
ADM	D	0.65%
GIS	D	0.65%
LYB	F	0.64%
SWKS	F	0.6%

PY Underweight 52 Positions Relative to DFND

Symbol	Grade	Weight
V	A	-2.68%
CTAS	B	-2.6%
VRSK	A	-2.44%
KLAC	D	-2.42%
PG	A	-2.27%
GWW	B	-2.25%
SHW	A	-2.25%
FDS	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
CMI	A	-2.09%
PHM	D	-2.0%
MSI	B	-1.86%
MCO	B	-1.85%
MA	C	-1.75%
ETN	A	-1.74%
AMAT	F	-1.59%
AON	A	-1.52%
CSCO	B	-1.5%
DHI	D	-1.47%
HON	B	-1.45%
J	F	-1.42%
ADI	D	-1.37%
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%
FAST	B	-1.13%
LW	C	-1.13%
ALB	C	-1.01%
GL	B	-0.93%
ODFL	B	-0.88%
MLM	B	-0.8%
INTU	C	-0.78%
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%