SMOG vs. DUSA ETF Comparison

Comparison of VanEck Vectors Low Carbon Energy ETF (SMOG) to Davis Select U.S. Equity ETF (DUSA)

SMOG

VanEck Vectors Low Carbon Energy ETF

SMOG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid). The fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. "Low carbon energy companies" refers to companies primarily engaged in alternative energy, including renewable energy, alternative fuels and related enabling technologies (such as advanced batteries). It is non-diversified.

Grade (RS Rating)

Last Trade

$99.84

Average Daily Volume

2,825

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DUSA

Davis Select U.S. Equity ETF

DUSA Description

The investment seeks long-term capital growth and capital preservation. Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio, generally, contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.25

Average Daily Volume

28,631

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMOG	DUSA
30 Days	3.77%	-2.19%
60 Days	4.08%	0.90%
90 Days	5.33%	4.44%
12 Months	-10.80%	38.83%

1 Overlapping Holdings

	Symbol	Grade	Weight in SMOG	Weight in DUSA	Overlap
	OC	A	2.95%	3.54%	2.95%

SMOG Overweight 28 Positions Relative to DUSA

Symbol	Grade	Weight
NEE	B	9.73%
TSLA	D	7.81%
LI	F	3.72%
FSLR	B	3.45%
ENPH	F	3.06%
RIVN	F	1.49%
NIO	D	1.4%
XPEV	D	1.34%
IBP	C	1.09%
EBR	D	1.08%
BMI	A	0.91%
ENS	D	0.73%
SEDG	F	0.72%
CIG	A	0.71%
ORA	C	0.64%
LCID	D	0.58%
HASI	C	0.48%
QS	F	0.47%
ELP	D	0.43%
TAC	C	0.4%
BE	C	0.39%
DQ	F	0.37%
AY	B	0.35%
RUN	D	0.34%
ARRY	D	0.34%
PLUG	F	0.32%
JKS	D	0.2%
CSIQ	F	0.16%

SMOG Underweight 20 Positions Relative to DUSA

Symbol	Grade	Weight
META	D	-11.45%
COF	B	-10.74%
BRK.A	D	-9.57%
AMZN	A	-8.05%
WFC	B	-6.04%
HUM	F	-4.75%
MKL	A	-4.59%
GOOG	A	-4.53%
VTRS	D	-4.37%
MGM	F	-4.27%
CI	C	-4.1%
USB	C	-4.03%
AMAT	C	-3.98%
BK	A	-3.55%
JPM	B	-3.24%
DGX	A	-2.77%
INTC	F	-1.48%
AXP	B	-1.34%
TXN	A	-0.95%
AGCO	F	-0.8%