TBG vs. KCE ETF Comparison

Comparison of TBG Dividend Focus ETF (TBG) to SPDR S&P Capital Markets ETF (KCE)

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$33.47

Average Daily Volume

16,906

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$145.78

Average Daily Volume

69,998

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBG	KCE
30 Days	2.89%	9.10%
60 Days	5.46%	16.82%
90 Days	8.48%	21.23%
12 Months	33.63%	66.53%

4 Overlapping Holdings

Symbol	Grade	Weight in TBG	Weight in KCE	Overlap
BX	A	3.66%	1.74%	1.74%
MC	C	2.22%	1.62%	1.62%
MS	A	2.54%	1.96%	1.96%
OWL	A	3.07%	1.86%	1.86%

TBG Overweight 29 Positions Relative to KCE

Symbol	Grade	Weight
SPG	A	4.54%
CVX	A	4.33%
GILD	C	4.28%
IBM	C	4.27%
CSCO	B	4.13%
ET	A	4.0%
LYB	F	3.98%
VZ	C	3.89%
CMI	A	3.72%
EPD	A	3.69%
TFC	A	3.54%
MRK	D	3.23%
KVUE	A	3.08%
AEP	C	2.8%
PG	C	2.72%
GIS	D	2.52%
LAMR	C	2.51%
TXN	C	2.49%
LMT	D	2.47%
JPM	A	2.1%
APO	B	2.08%
CLX	A	2.01%
AMGN	F	2.0%
PEP	F	1.98%
XOM	B	1.96%
SBUX	A	1.73%
JNJ	C	1.54%
AVGO	D	1.41%
MCD	D	1.22%

TBG Underweight 56 Positions Relative to KCE

Symbol	Grade	Weight
COIN	C	-2.54%
LPLA	A	-2.22%
HOOD	B	-2.1%
IBKR	A	-2.03%
RJF	A	-1.98%
SF	B	-1.95%
PJT	A	-1.86%
CG	B	-1.86%
AMP	A	-1.85%
JEF	A	-1.85%
EVR	B	-1.84%
SCHW	B	-1.83%
PIPR	A	-1.82%
HLNE	B	-1.81%
STEP	C	-1.8%
KKR	A	-1.8%
GS	A	-1.8%
JHG	B	-1.79%
VCTR	B	-1.77%
NTRS	A	-1.76%
HLI	A	-1.75%
SEIC	B	-1.75%
FHI	B	-1.74%
TPG	A	-1.7%
BLK	B	-1.69%
APAM	B	-1.68%
STT	B	-1.66%
TROW	B	-1.65%
ARES	A	-1.65%
BK	A	-1.64%
MORN	B	-1.62%
WT	A	-1.62%
BGC	C	-1.61%
IVZ	B	-1.6%
FDS	B	-1.6%
AMG	B	-1.6%
NDAQ	A	-1.59%
CNS	B	-1.59%
MSCI	C	-1.58%
VIRT	A	-1.58%
BEN	C	-1.57%
TW	A	-1.57%
CME	B	-1.53%
MKTX	D	-1.51%
MCO	B	-1.46%
SPGI	C	-1.43%
SNEX	B	-1.4%
ICE	C	-1.4%
CBOE	C	-1.36%
DBRG	F	-1.29%
VRTS	B	-1.22%
DFIN	D	-0.87%
BSIG	A	-0.66%
PX	A	-0.63%
DHIL	B	-0.36%
LPRO	B	-0.35%