TGLR vs. USMC ETF Comparison

Comparison of LAFFER TENGLER Equity Income ETF (TGLR) to Principal U.S. Mega-Cap ETF (USMC)

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

$30.88

Average Daily Volume

2,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMC

Principal U.S. Mega-Cap ETF

USMC Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.

Grade (RS Rating)

Last Trade

$59.43

Average Daily Volume

57,211

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TGLR	USMC
30 Days	3.29%	3.90%
60 Days	4.83%	4.90%
90 Days	7.46%	6.95%
12 Months	30.96%	32.27%

9 Overlapping Holdings

Symbol	Grade	Weight in TGLR	Weight in USMC	Overlap
AAPL	C	2.41%	6.61%	2.41%
ABBV	D	3.64%	2.7%	2.7%
AVGO	D	4.51%	3.55%	3.55%
GOOGL	C	2.56%	4.08%	2.56%
HD	A	4.15%	3.23%	3.23%
JNJ	D	2.82%	2.77%	2.77%
JPM	A	4.48%	4.78%	4.48%
MSFT	F	4.27%	6.37%	4.27%
WMT	A	4.46%	3.21%	3.21%

TGLR Overweight 20 Positions Relative to USMC

Symbol	Grade	Weight
ORCL	B	6.11%
AXP	A	4.89%
CARR	D	4.14%
GS	A	3.92%
MCD	D	3.87%
RTX	C	3.65%
TXN	C	3.26%
CVX	A	3.15%
EMR	A	3.14%
LHX	C	3.04%
SBUX	A	2.89%
STLD	B	2.8%
EOG	A	2.77%
DELL	C	2.52%
NXPI	D	2.51%
LRCX	F	2.33%
PLD	D	2.27%
PEP	F	2.16%
MDT	D	2.05%
NEE	D	1.71%

TGLR Underweight 16 Positions Relative to USMC

Symbol	Grade	Weight
NFLX	A	-5.21%
BRK.A	B	-5.04%
NVDA	C	-4.89%
V	A	-4.89%
MA	C	-4.78%
META	D	-4.74%
XOM	B	-4.63%
PG	A	-4.49%
UNH	C	-4.25%
AMZN	C	-3.76%
TSLA	B	-3.3%
BAC	A	-3.03%
COST	B	-2.79%
LLY	F	-2.32%
AMD	F	-2.18%
MRK	F	-2.11%