VFMV vs. COWS ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to Amplify Cash Flow Dividend Leaders ETF (COWS)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$126.54

Average Daily Volume

6,907

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

6,514

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	COWS
30 Days	3.75%	8.32%
60 Days	4.37%	7.64%
90 Days	5.38%	8.17%
12 Months	27.52%	29.39%

4 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in COWS	Overlap
CSCO	B	1.25%	1.34%	1.25%
MCK	B	1.52%	1.48%	1.48%
T	A	1.41%	1.6%	1.41%
TMUS	B	1.43%	1.43%	1.43%

VFMV Overweight 161 Positions Relative to COWS

Symbol	Grade	Weight
IBM	C	1.52%
ADI	D	1.5%
DOX	D	1.5%
EQC	B	1.49%
JNJ	D	1.49%
ABT	B	1.49%
PGR	A	1.48%
PG	A	1.48%
TXN	C	1.48%
COR	B	1.48%
LMT	D	1.47%
MRK	F	1.46%
ED	D	1.44%
CHD	B	1.44%
DUK	C	1.42%
KO	D	1.4%
SO	D	1.38%
CVLT	B	1.38%
NTAP	C	1.37%
ROP	B	1.33%
MSFT	F	1.3%
TJX	A	1.27%
XOM	B	1.23%
RSG	A	1.2%
NOC	D	1.17%
EA	A	1.16%
GD	F	1.14%
CME	A	1.14%
MUSA	A	1.13%
REGN	F	1.12%
ORLY	B	1.11%
IDT	B	1.1%
WMT	A	1.08%
RTX	C	1.06%
IDCC	A	1.06%
WM	A	1.06%
KEX	C	1.05%
CL	D	1.05%
CBOE	B	1.04%
GIS	D	1.0%
VZ	C	1.0%
FCN	D	0.98%
LRN	A	0.97%
HPQ	B	0.96%
WTW	B	0.93%
CVX	A	0.9%
MGEE	C	0.89%
HSTM	B	0.84%
GILD	C	0.83%
MCD	D	0.79%
VECO	F	0.78%
DLB	B	0.78%
FE	C	0.77%
BSX	B	0.75%
UNH	C	0.75%
TYL	B	0.74%
ABBV	D	0.74%
TKO	B	0.73%
CHE	D	0.69%
SPOT	B	0.68%
SAFT	C	0.67%
BLKB	B	0.66%
CTRE	D	0.65%
CRUS	D	0.64%
AVGO	D	0.64%
GOOGL	C	0.64%
CAH	B	0.64%
NSIT	F	0.56%
WTM	A	0.54%
AAPL	C	0.54%
YELP	C	0.52%
NABL	F	0.51%
GOOG	C	0.48%
META	D	0.47%
GDDY	A	0.46%
WEC	A	0.45%
MATX	C	0.45%
PBH	A	0.42%
NEU	C	0.4%
FLO	D	0.38%
TRV	B	0.38%
INSW	F	0.37%
WMB	A	0.37%
HOLX	D	0.36%
HSY	F	0.36%
V	A	0.35%
DTM	B	0.35%
AJG	B	0.35%
PPC	C	0.34%
AZO	C	0.34%
LAUR	A	0.34%
NVEC	C	0.33%
THFF	B	0.33%
PFE	D	0.32%
LLY	F	0.32%
BRK.A	B	0.31%
VERX	B	0.3%
FANG	D	0.3%
RLI	B	0.3%
MDLZ	F	0.28%
QRVO	F	0.28%
OLLI	D	0.26%
ATR	B	0.25%
QCOM	F	0.25%
LIN	D	0.24%
JBSS	D	0.24%
MO	A	0.24%
ROL	B	0.23%
MCS	B	0.22%
EXEL	B	0.21%
AMSF	B	0.21%
LOPE	B	0.2%
MTSI	B	0.2%
DECK	A	0.2%
IMMR	C	0.2%
KMI	A	0.2%
ACN	C	0.2%
EBF	F	0.2%
JJSF	B	0.19%
CASS	B	0.19%
AEE	A	0.19%
QNST	B	0.18%
HQY	B	0.18%
SPOK	C	0.15%
FDP	B	0.15%
AMGN	D	0.14%
OLED	D	0.14%
HCKT	B	0.14%
SPNS	F	0.14%
TW	A	0.13%
PI	D	0.12%
CI	F	0.11%
PSX	C	0.1%
DGICA	A	0.1%
TNK	F	0.09%
DJCO	B	0.09%
AMAT	F	0.08%
KLAC	D	0.07%
CNXN	C	0.07%
CB	C	0.07%
UNM	A	0.06%
CTSH	B	0.06%
OSIS	B	0.06%
JPM	A	0.05%
AKAM	D	0.04%
CNA	B	0.04%
PEBK	B	0.04%
LANC	C	0.04%
CLBK	B	0.04%
GLRE	B	0.04%
PEP	F	0.04%
CMS	C	0.03%
NBIX	C	0.03%
MSI	B	0.03%
BCAL	B	0.03%
EIG	B	0.03%
VRTX	F	0.03%
DTE	C	0.03%
MRAM	D	0.02%
FFNW	C	0.02%
MU	D	0.02%

VFMV Underweight 49 Positions Relative to COWS

Symbol	Grade	Weight
VST	B	-4.0%
SNA	A	-2.95%
OC	A	-2.76%
G	B	-2.68%
CMCSA	B	-2.56%
MRO	B	-2.49%
CF	B	-2.48%
SLB	C	-2.48%
HAL	C	-2.43%
BC	C	-2.42%
FNF	B	-2.35%
FDX	B	-2.31%
EBAY	D	-2.3%
TPR	B	-2.21%
WSM	B	-2.17%
TKR	D	-2.13%
BMY	B	-2.07%
ALSN	B	-2.03%
PARA	C	-2.02%
SM	B	-2.02%
PVH	C	-1.95%
PTEN	C	-1.93%
VLO	C	-1.89%
NXST	C	-1.86%
SWKS	F	-1.84%
BEN	C	-1.8%
BBWI	D	-1.75%
NOV	C	-1.74%
PR	B	-1.74%
MGY	A	-1.73%
MUR	D	-1.72%
MTDR	B	-1.67%
GAP	C	-1.67%
ASO	F	-1.63%
DVN	F	-1.48%
VNT	B	-1.46%
OLN	D	-1.45%
DNB	B	-1.43%
AYI	B	-1.4%
BWA	D	-1.37%
AEO	F	-1.33%
LEA	D	-1.33%
RL	B	-1.29%
OGN	D	-1.29%
OSK	B	-1.27%
INGR	B	-1.25%
IPG	D	-1.23%
SAIC	F	-1.19%
ENS	D	-1.12%

VFMV: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Semiconductors Drug Manufacturers - Major Internet Content & Information Utilities - Regulated Electric Packaged Foods Software - Application Telecom Services Information Technology Services Aerospace & Defense Banks - Regional - US Biotechnology Business Services Medical Distribution Semiconductor Equipment & Materials Shipping & Ports Education & Training Services Household & Personal Products Media - Diversified Oil & Gas Midstream