VSDA vs. HDLB ETF Comparison

Comparison of VictoryShares Dividend Accelerator ETF (VSDA) to ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB)

VSDA

VictoryShares Dividend Accelerator ETF

VSDA Description

The VictoryShares Dividend Accelerator ETF offers exposure to large-cap U.S. stocks, that feature not only a history of increasing dividends, but which also possess the highest probability of future dividend growth. It seeks to provide exposure to dividend growth, rather than yielding, offering a potential diversification benefit to high dividend yielding alternatives, particularly in a rising rate environment.

Grade (RS Rating)

Last Trade

$54.41

Average Daily Volume

16,670

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$15.47

Average Daily Volume

2,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSDA	HDLB
30 Days	3.21%	4.78%
60 Days	3.32%	9.79%
90 Days	5.45%	17.43%
12 Months	22.71%	63.28%

3 Overlapping Holdings

Symbol	Grade	Weight in VSDA	Weight in HDLB	Overlap
DUK	C	2.02%	3.27%	2.02%
ED	D	1.88%	1.85%	1.85%
MO	A	4.0%	3.18%	3.18%

VSDA Overweight 70 Positions Relative to HDLB

Symbol	Grade	Weight
BEN	C	4.02%
TROW	B	3.08%
CVX	A	2.74%
HRL	D	2.62%
TRV	B	2.4%
EMR	A	2.24%
MDT	D	2.24%
KMB	D	2.23%
BMY	B	2.11%
XOM	B	1.85%
PEP	F	1.84%
CLX	B	1.79%
ORI	A	1.75%
JNJ	D	1.74%
ITW	B	1.72%
BBY	D	1.69%
TGT	F	1.68%
ADM	D	1.67%
SEIC	B	1.57%
CL	D	1.52%
CBSH	A	1.51%
MCD	D	1.51%
GPC	D	1.45%
ECL	D	1.41%
SYY	B	1.39%
UNP	C	1.39%
PPG	F	1.38%
CINF	A	1.37%
KO	D	1.37%
PG	A	1.36%
AMP	A	1.32%
SWK	D	1.29%
APD	A	1.25%
AFL	B	1.25%
MKC	D	1.2%
AFG	A	1.18%
WMT	A	1.16%
JBHT	C	1.1%
RPM	A	1.05%
AIZ	A	1.04%
DOV	A	0.99%
CSX	B	0.97%
CAH	B	0.95%
TPL	A	0.92%
V	A	0.9%
LOW	D	0.89%
NDSN	B	0.85%
BDX	F	0.8%
LSTR	D	0.79%
COST	B	0.78%
SHW	A	0.77%
ABT	B	0.76%
CB	C	0.76%
GWW	B	0.75%
NUE	C	0.73%
RLI	B	0.67%
OC	A	0.66%
LIN	D	0.66%
BRO	B	0.65%
CSL	C	0.64%
LRCX	F	0.62%
SPGI	C	0.61%
WSM	B	0.61%
AGCO	D	0.6%
MSFT	F	0.6%
COR	B	0.59%
DHR	F	0.59%
SSD	D	0.58%
FCNCA	A	0.56%
DHI	D	0.49%

VSDA Underweight 34 Positions Relative to HDLB

Symbol	Grade	Weight
PFE	D	-13.4%
ABBV	D	-9.8%
VZ	C	-9.25%
T	A	-8.79%
GILD	C	-5.14%
IBM	C	-5.12%
PM	B	-3.83%
SO	D	-2.94%
D	C	-2.76%
AEP	D	-2.58%
O	D	-2.51%
VICI	C	-1.93%
KHC	F	-1.93%
ETR	B	-1.73%
SRE	A	-1.71%
PPL	B	-1.48%
K	A	-1.47%
NLY	C	-1.43%
FE	C	-1.42%
EIX	B	-1.34%
IP	B	-1.22%
MPW	F	-1.04%
AGNC	D	-1.03%
NI	A	-0.91%
PNW	B	-0.78%
WPC	D	-0.76%
WU	D	-0.73%
ARCC	A	-0.46%
GLPI	C	-0.44%
OGE	B	-0.43%
STAG	F	-0.4%
FSK	A	-0.25%
KD	B	-0.14%
ONL	C	-0.07%