CEFD vs. FFIU ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF (FFIU)

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

$18.54

Average Daily Volume

2,427

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

FFIU

Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF

FFIU Description

The investment seeks current income with limited risk to principal. The fund seeks to achieve its investment objective of current income by investing principally in fixed income securities of any kind with a dollar-weighted average effective duration of between three and seven years. Under normal market conditions, Sub-Adviser intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in such securities. Fixed income securities include bonds, debt securities, and income-producing instruments of any kind issued by governmental or private-sector entities.

Grade (RS Rating)

Last Trade

$21.19

Average Daily Volume

1,192

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	FFIU
30 Days	-4.98%	-3.33%
60 Days	-1.67%	-1.91%
90 Days	1.01%	-2.65%
12 Months	10.91%	0.14%

2 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in FFIU	Overlap
	EVV	C	2.63%	0.56%	0.56%
	GBAB	D	0.42%	0.92%	0.42%

CEFD Overweight 98 Positions Relative to FFIU

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

CEFD Underweight 1 Positions Relative to FFIU

	Symbol	Grade	Weight
	BBN	D	-1.02%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Bond Bond Market Fixed Income Stock Fund High Yield Debt Income Trust Blackrock Debt Securities Structured Finance U.S. Government Western Asset Management Company Bond Fund Eaton Vance Financial Management Mortgage Backed Security Credit Suisse Exchange Traded Funds

FFIU: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Bond Exchange Traded Funds Mutual Fund Banking Black Rock Blackrock Bond Market Build America Bonds Closed End Fund Eaton Vance Fixed Income High Yield Debt Municipal Bond State Street Global Advisors Structured Finance