CEFD vs. FRI ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to First Trust S&P REIT Index Fund (FRI)

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

$19.28

Average Daily Volume

2,732

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.18

Average Daily Volume

25,920

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	FRI
30 Days	0.02%	-2.69%
60 Days	0.07%	-3.53%
90 Days	2.41%	-0.09%
12 Months	16.66%	5.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in FRI	Overlap
	NXDT	F	1.9%	0.02%	0.02%

CEFD Overweight 99 Positions Relative to FRI

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

CEFD Underweight 125 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-9.7%
EQIX	D	-6.82%
WELL	A	-5.01%
SPG	C	-4.61%
O	B	-4.52%
DLR	C	-4.31%
PSA	C	-4.16%
VICI	B	-3.01%
EXR	C	-2.9%
AVB	A	-2.71%
IRM	C	-2.28%
EQR	A	-2.25%
INVH	B	-1.99%
ARE	D	-1.88%
VTR	B	-1.8%
ESS	A	-1.59%
MAA	B	-1.53%
SUI	D	-1.5%
HST	D	-1.35%
DOC	A	-1.34%
KIM	C	-1.25%
WPC	C	-1.22%
UDR	B	-1.16%
AMH	B	-1.15%
GLPI	D	-1.15%
ELS	D	-1.13%
CPT	B	-1.07%
REG	D	-0.97%
CUBE	D	-0.93%
BXP	D	-0.91%
REXR	D	-0.91%
OHI	C	-0.76%
FRT	C	-0.76%
EGP	D	-0.75%
NNN	A	-0.74%
BRX	B	-0.67%
RHP	D	-0.64%
STAG	D	-0.63%
FR	D	-0.62%
COLD	F	-0.6%
ADC	B	-0.58%
AIRC	A	-0.55%
TRNO	D	-0.51%
KRG	C	-0.48%
VNO	F	-0.43%
EPRT	A	-0.41%
PECO	D	-0.4%
KRC	D	-0.37%
IRT	B	-0.36%
MAC	D	-0.35%
PK	D	-0.35%
CUZ	B	-0.35%
SBRA	B	-0.33%
SLG	B	-0.33%
APLE	D	-0.32%
CTRE	C	-0.32%
SKT	D	-0.31%
EPR	C	-0.31%
MPW	D	-0.29%
IIPR	C	-0.28%
HIW	B	-0.28%
NHI	A	-0.27%
NSA	C	-0.27%
BNL	B	-0.27%
SITC	C	-0.25%
LXP	D	-0.25%
DEI	B	-0.23%
SHO	D	-0.21%
FCPT	B	-0.21%
UE	B	-0.2%
EQC	B	-0.2%
DRH	F	-0.19%
AKR	C	-0.18%
PEB	F	-0.18%
RLJ	F	-0.17%
IVT	C	-0.17%
ROIC	D	-0.16%
XHR	C	-0.15%
UNIT	F	-0.14%
GNL	C	-0.14%
GTY	B	-0.13%
LTC	A	-0.13%
JBGS	F	-0.13%
NTST	C	-0.12%
ALEX	B	-0.12%
ESRT	C	-0.12%
AAT	B	-0.11%
AIV	B	-0.11%
DEA	B	-0.11%
CSR	A	-0.1%
UMH	B	-0.1%
SVC	F	-0.1%
PDM	B	-0.09%
HPP	F	-0.08%
NXRT	B	-0.08%
PLYM	D	-0.08%
PGRE	B	-0.08%
BDN	B	-0.08%
INN	F	-0.07%
AHH	B	-0.07%
CHCT	F	-0.06%
CLDT	F	-0.05%
UHT	C	-0.05%
BFS	C	-0.05%
FPI	B	-0.05%
GMRE	D	-0.05%
DHC	F	-0.05%
PKST	D	-0.05%
GOOD	A	-0.05%
WSR	B	-0.05%
CBL	C	-0.05%
CTO	B	-0.04%
OLP	A	-0.04%
LAND	C	-0.04%
ALX	A	-0.04%
PSTL	C	-0.03%
BHR	C	-0.02%
FSP	F	-0.02%
CIO	B	-0.02%
PINE	D	-0.02%
ILPT	B	-0.02%
BRT	C	-0.02%
CLPR	F	-0.01%
OPI	D	-0.01%
AHT	F	-0.0%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management