CEFD vs. BNDX ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Vanguard Total International Bond ETF (BNDX)

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

$18.82

Average Daily Volume

2,640

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.51

Average Daily Volume

3,292,625

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	BNDX
30 Days	-2.42%	-0.49%
60 Days	-1.94%	-0.06%
90 Days	1.47%	-0.17%
12 Months	13.71%	3.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in BNDX	Overlap
	DHY	A	0.36%	0.01%	0.01%

CEFD Overweight 99 Positions Relative to BNDX

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

CEFD Underweight 156 Positions Relative to BNDX

Symbol	Grade	Weight
SPG	D	-0.01%
SO	A	-0.01%
SLB	F	-0.01%
SCOR	F	-0.01%
RTX	A	-0.01%
ZBH	F	-0.01%
XYL	A	-0.01%
WM	B	-0.01%
WHR	F	-0.01%
WELL	A	-0.01%
WBA	F	-0.01%
VTRS	C	-0.01%
VTR	A	-0.01%
VFC	F	-0.01%
UPS	D	-0.01%
TEL	D	-0.01%
TCN	A	-0.01%
TAP	F	-0.01%
SYY	D	-0.01%
SYK	D	-0.01%
AL	A	-0.01%
AIG	A	-0.01%
CP	D	-0.01%
COF	B	-0.01%
EMR	D	-0.01%
EMN	B	-0.01%
NDAQ	B	-0.01%
MSFT	D	-0.01%
EEFT	C	-0.01%
MRK	B	-0.01%
MP	C	-0.01%
CL	A	-0.01%
EDC	B	-0.01%
ECL	B	-0.01%
DXC	F	-0.01%
DSM	C	-0.01%
MMM	A	-0.01%
MHK	C	-0.01%
CE	C	-0.01%
CCEP	A	-0.01%
DIS	C	-0.01%
MET	D	-0.01%
MCO	C	-0.01%
MCK	B	-0.01%
MAN	A	-0.01%
MA	D	-0.01%
LYB	D	-0.01%
LLY	C	-0.01%
BWA	B	-0.01%
BX	D	-0.01%
PEP	A	-0.01%
ORCL	D	-0.01%
BSX	A	-0.01%
IFF	A	-0.01%
PSA	D	-0.01%
KMI	A	-0.01%
KKR	C	-0.01%
K	A	-0.01%
BMY	F	-0.01%
HOG	D	-0.01%
JNJ	D	-0.01%
BLK	D	-0.01%
BIP	D	-0.01%
PPL	A	-0.01%
PPG	D	-0.01%
PM	A	-0.01%
BDX	C	-0.01%
PFE	C	-0.01%
GM	B	-0.01%
GLW	B	-0.01%
GIS	B	-0.01%
OMC	B	-0.01%
OBND	A	-0.01%
O	A	-0.01%
BACA	B	-0.01%
AZN	A	-0.01%
NS	D	-0.01%
ASML	D	-0.01%
APTV	D	-0.01%
APD	C	-0.01%
FDX	B	-0.01%
ITW	D	-0.01%
INTC	F	-0.01%
AON	F	-0.01%
AMT	D	-0.01%
AMGN	B	-0.01%
AMCR	A	-0.01%
ETN	B	-0.01%
NEE	A	-0.01%
DE	A	-0.01%
SE	B	-0.01%
RY	B	-0.01%
TMO	C	-0.01%
XOM	B	-0.01%
WPC	B	-0.01%
VOD	F	-0.01%
USB	D	-0.01%
MUFG	C	-0.01%
CNHI	D	-0.01%
CRH	C	-0.01%
ADM	C	-0.01%
TD	D	-0.01%
MO	A	-0.01%
ABBV	D	-0.01%
AAPL	C	-0.01%
DOV	A	-0.01%
DOW	D	-0.01%
CB	C	-0.01%
DHR	C	-0.01%
MDT	C	-0.01%
MDLZ	B	-0.01%
MCD	D	-0.01%
KO	A	-0.01%
LIN	D	-0.01%
CAF	B	-0.01%
BKNG	D	-0.01%
BHP	F	-0.01%
BG	B	-0.01%
HON	D	-0.01%
IBM	D	-0.01%
JCI	B	-0.01%
BAX	F	-0.01%
GE	A	-0.01%
PG	A	-0.01%
GSK	A	-0.01%
PLD	D	-0.01%
PH	B	-0.01%
EQNR	B	-0.01%
DB	B	-0.01%
FIS	D	-0.01%
BAC	B	-0.01%
GS	A	-0.01%
BMO	D	-0.01%
BNS	D	-0.01%
KSA	C	-0.01%
DLR	C	-0.01%
MS	A	-0.01%
ABT	D	-0.01%
T	B	-0.01%
UBS	D	-0.01%
WMT	D	-0.01%
WFC	B	-0.01%
VZ	D	-0.01%
SEB	B	-0.01%
STLA	D	-0.01%
C	B	-0.01%
EDF	A	-0.01%
DT	F	-0.01%
CMCSA	F	-0.01%
NWG	A	-0.01%
HSBC	A	-0.01%
CM	D	-0.01%
JPM	A	-0.01%
COE	B	-0.01%
CAN	F	-0.01%
BGB	A	-0.01%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management