SPDV vs. WOMN ETF Comparison

Comparison of AAM S&P 500 High Dividend Value ETF (SPDV) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

SPDV

AAM S&P 500 High Dividend Value ETF

SPDV Description

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Dividend and Free Cash Flow Yield Index. The index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P 500® Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure. At least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in equity securities that (i) are included in the S&P 500 Index and (ii) have had a positive indicated annual dividend yield within the past year.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

3,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	SPDV	WOMN
30 Days	4.09%	2.87%
60 Days	5.48%	2.73%
90 Days	8.23%	5.77%
12 Months	33.92%	26.34%

29 Overlapping Holdings

Symbol	Grade	Weight in SPDV	Weight in WOMN	Overlap
ABBV	D	1.6%	1.55%	1.55%
ADM	D	1.43%	0.15%	0.15%
BBY	D	1.67%	0.16%	0.16%
BMY	B	2.18%	0.43%	0.43%
CAG	D	1.52%	0.07%	0.07%
CMI	A	2.16%	0.2%	0.2%
CSCO	B	2.07%	1.92%	1.92%
CVX	A	1.74%	1.31%	1.31%
DOC	D	1.74%	0.07%	0.07%
DOW	F	1.38%	0.17%	0.17%
F	C	1.32%	0.46%	0.46%
GILD	C	2.03%	0.46%	0.46%
HBAN	A	1.96%	0.09%	0.09%
HPE	B	1.77%	0.19%	0.19%
HPQ	B	1.63%	0.36%	0.36%
HST	C	1.7%	0.06%	0.06%
IBM	C	1.96%	1.64%	1.64%
IPG	D	1.61%	0.06%	0.06%
KEY	B	2.03%	0.08%	0.08%
KHC	F	1.57%	0.16%	0.16%
MMM	D	2.08%	0.33%	0.33%
OMC	C	1.84%	0.09%	0.09%
SWK	D	1.66%	0.07%	0.07%
TAP	C	1.9%	0.05%	0.05%
UPS	C	1.72%	0.43%	0.43%
USB	A	1.9%	0.35%	0.35%
VST	B	3.59%	0.14%	0.14%
VZ	C	1.79%	0.82%	0.82%
WMB	A	2.33%	0.24%	0.24%

SPDV Overweight 25 Positions Relative to WOMN

Symbol	Grade	Weight
TPR	B	2.34%
KMI	A	2.24%
SNA	A	2.23%
NRG	B	2.15%
IP	B	2.14%
CF	B	2.12%
SPG	B	2.02%
T	A	2.01%
BXP	D	2.0%
WEC	A	2.0%
MO	A	1.91%
CMCSA	B	1.9%
VTRS	A	1.88%
TFC	A	1.78%
IVZ	B	1.76%
HAS	D	1.75%
AMCR	D	1.73%
NEE	D	1.71%
CVS	D	1.63%
VLO	C	1.59%
ARE	D	1.51%
LYB	F	1.45%
LKQ	D	1.41%
APA	D	1.23%
SWKS	F	1.23%

SPDV Underweight 169 Positions Relative to WOMN

Symbol	Grade	Weight
AAPL	C	-5.02%
META	D	-4.85%
AMZN	C	-4.47%
LLY	F	-3.49%
XOM	B	-2.53%
MSFT	F	-2.49%
UNH	C	-2.47%
CRM	B	-2.27%
ADBE	C	-2.23%
MCD	D	-2.04%
V	A	-1.94%
ACN	C	-1.9%
PG	A	-1.82%
JNJ	D	-1.82%
MA	C	-1.77%
INTU	C	-1.56%
NOW	A	-1.42%
MRK	F	-1.3%
KO	D	-1.25%
BAC	A	-1.25%
UBER	D	-1.22%
PEP	F	-1.17%
SBUX	A	-1.03%
WFC	A	-0.95%
GE	D	-0.88%
AMGN	D	-0.82%
INTC	D	-0.81%
WMT	A	-0.73%
NFLX	A	-0.72%
UNP	C	-0.71%
SPGI	C	-0.7%
AXP	A	-0.7%
PGR	A	-0.67%
COP	C	-0.65%
MSI	B	-0.63%
MS	A	-0.6%
BLK	C	-0.6%
ELV	F	-0.59%
ETN	A	-0.59%
C	A	-0.56%
REGN	F	-0.55%
VRTX	F	-0.54%
WDAY	B	-0.51%
CI	F	-0.5%
ADP	B	-0.5%
GM	B	-0.49%
AMT	D	-0.49%
MDLZ	F	-0.47%
ADSK	A	-0.45%
TEL	B	-0.43%
TT	A	-0.39%
EQIX	A	-0.39%
CL	D	-0.39%
WM	A	-0.37%
TGT	F	-0.36%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
PYPL	B	-0.34%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EBAY	D	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
ECL	D	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NEM	D	-0.26%
NSC	B	-0.25%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
AIG	B	-0.24%
COF	B	-0.24%
D	C	-0.23%
SRE	A	-0.23%
AEP	D	-0.23%
KMB	D	-0.22%
MET	A	-0.22%
JCI	C	-0.22%
BK	A	-0.22%
TYL	B	-0.22%
AMP	A	-0.21%
ALL	A	-0.21%
RSG	A	-0.19%
EXC	C	-0.19%
GIS	D	-0.19%
GWW	B	-0.19%
PRU	A	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PCG	A	-0.18%
PAYX	C	-0.18%
VRSK	A	-0.17%
KR	B	-0.17%
BKR	B	-0.17%
DASH	A	-0.17%
OXY	D	-0.17%
HIG	B	-0.16%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
CBRE	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
EXPE	B	-0.15%
WSM	B	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
CAH	B	-0.13%
HSY	F	-0.13%
A	D	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
PPG	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
DAL	C	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
STT	A	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
SYF	B	-0.09%
BAX	D	-0.09%
BAH	F	-0.09%
INVH	D	-0.09%
K	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
CLX	B	-0.08%
LNT	A	-0.07%
OC	A	-0.07%
LUV	C	-0.07%
SJM	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%