CEFD vs. AVDS ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Avantis International Small Cap Equity ETF (AVDS)

CEFD

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.

Grade (RS Rating)

Last Trade

$20.06

Average Daily Volume

1,992

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVDS

Avantis International Small Cap Equity ETF

AVDS Description

The fund invests primarily in a diverse group of non-U.S. small cap companies across market sectors, industry groups, and countries. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of small capitalization companies. The fund may invest in securities that are denominated in foreign currencies and may also invest in foreign securities that are represented in the U.S. and other securities markets by American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other similar depositary arrangements.

Grade (RS Rating)

Last Trade

$53.17

Average Daily Volume

2,295

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	AVDS
30 Days	-1.62%	-4.49%
60 Days	1.60%	-3.62%
90 Days	7.27%	2.93%
12 Months	33.63%	15.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in AVDS	Overlap

CEFD Overweight 99 Positions Relative to AVDS

Symbol	Grade	Weight
EVV	A	2.63%
BDJ	A	2.39%
HYT	A	2.19%
BTZ	D	2.16%
NXDT	D	1.9%
AWF	C	1.83%
DSL	C	1.77%
JQC	A	1.66%
BXMX	A	1.65%
EMD	D	1.5%
WIW	A	1.37%
BHK	C	1.3%
QQQX	A	1.26%
BOE	B	1.23%
BCX	B	1.2%
HIO	A	1.19%
JPC	A	1.18%
RA	A	1.17%
GHY	A	1.16%
BGY	D	1.09%
CII	C	1.07%
HIX	A	1.01%
BIT	B	1.01%
EOS	A	1.0%
IGD	C	0.98%
EFT	A	0.95%
HTD	C	0.94%
BST	B	0.92%
BLW	A	0.92%
EAD	D	0.9%
ISD	A	0.88%
LDP	C	0.84%
FFC	D	0.83%
EFR	A	0.82%
FRA	A	0.82%
TEI	D	0.75%
PHK	A	0.75%
EOI	A	0.73%
MIN	A	0.71%
EHI	D	0.71%
NBB	C	0.71%
MCR	C	0.7%
PDT	D	0.69%
DIAX	B	0.69%
PPT	C	0.67%
WIA	C	0.66%
MMT	A	0.64%
GOF	A	0.64%
JPI	A	0.63%
BKT	D	0.62%
PFN	A	0.59%
JGH	D	0.59%
FCT	A	0.58%
ERC	D	0.57%
HPS	D	0.55%
HYI	A	0.55%
DFP	D	0.55%
BME	D	0.54%
BGT	A	0.49%
HPI	C	0.47%
PHD	A	0.44%
BGH	A	0.44%
FTF	C	0.43%
GBAB	D	0.42%
HYB	C	0.39%
EVG	A	0.38%
IDE	A	0.38%
DHF	C	0.38%
PHT	C	0.38%
TSI	B	0.37%
ETB	A	0.37%
FT	A	0.37%
STK	C	0.37%
DHY	C	0.36%
HPF	C	0.36%
MSD	D	0.34%
INSI	B	0.34%
FFA	C	0.32%
DBL	D	0.31%
GDO	D	0.31%
PSF	D	0.31%
VBF	D	0.3%
BGR	B	0.3%
PIM	C	0.3%
PFL	A	0.29%
IGA	B	0.29%
OPP	D	0.29%
SPXX	A	0.27%
FLC	C	0.24%
MCN	D	0.24%
CIK	D	0.24%
WEA	C	0.22%
FAM	B	0.21%
VLT	A	0.19%
MGF	D	0.19%
VGI	A	0.18%
HEQ	C	0.18%
GNT	C	0.14%
JLS	A	0.14%

CEFD Underweight 53 Positions Relative to AVDS

Symbol	Grade	Weight
BUR	C	-0.2%
GLNG	B	-0.19%
PRMW	B	-0.15%
TAC	A	-0.12%
CHRD	F	-0.1%
GLPG	F	-0.1%
ZIM	A	-0.09%
LSPD	B	-0.08%
DOOO	F	-0.08%
TRMD	F	-0.08%
KRNT	C	-0.05%
PIXY	F	-0.05%
PDS	D	-0.05%
SPNS	B	-0.05%
CSTM	F	-0.05%
ASTL	A	-0.04%
MNTX	C	-0.04%
FLNG	F	-0.03%
ELBM	D	-0.03%
LXFR	A	-0.02%
ITRN	C	-0.02%
CGNT	F	-0.02%
VMAR	F	-0.02%
INMD	C	-0.02%
RDWR	C	-0.02%
ORLA	B	-0.02%
SSBI	F	-0.02%
NNDM	D	-0.02%
NEWP	B	-0.01%
IMMP	F	-0.01%
RNR	C	-0.01%
IAUX	D	-0.01%
PTMN	A	-0.01%
NNOX	F	-0.01%
CRNT	F	-0.01%
SMWB	C	-0.01%
CTS	A	-0.01%
IONR	B	-0.01%
VGR	B	-0.01%
GCBC	F	-0.01%
EU	D	-0.01%
MGIC	C	-0.01%
RSKD	F	-0.01%
CHGX	B	-0.01%
PHVS	A	-0.01%
NX	C	-0.0%
LEV	F	-0.0%
QIPT	F	-0.0%
CSTE	F	-0.0%
KFS	B	-0.0%
PRQR	A	-0.0%
UBCP	A	-0.0%
RENB	F	-0.0%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management