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

$20.22

Average Daily Volume

1,947

Number of Holdings ^*

* 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

$29.49

Average Daily Volume

77,936

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	FRI
30 Days	1.25%	-0.27%
60 Days	1.17%	-1.21%
90 Days	4.45%	2.77%
12 Months	29.61%	27.21%

1 Overlapping Holdings

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

CEFD Overweight 98 Positions Relative to FRI

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

CEFD Underweight 127 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-8.93%
EQIX	A	-7.17%
WELL	A	-6.54%
DLR	B	-4.61%
SPG	B	-4.6%
PSA	D	-4.39%
O	D	-4.11%
EXR	D	-2.91%
IRM	D	-2.79%
VICI	C	-2.76%
AVB	B	-2.72%
VTR	C	-2.21%
EQR	B	-2.1%
ESS	B	-1.63%
INVH	D	-1.61%
MAA	B	-1.55%
ARE	D	-1.42%
KIM	A	-1.4%
DOC	D	-1.26%
SUI	D	-1.22%
GLPI	C	-1.12%
UDR	B	-1.12%
ELS	C	-1.12%
CPT	B	-1.08%
HST	C	-1.03%
WPC	D	-1.01%
REG	B	-1.01%
AMH	D	-0.99%
BXP	D	-0.97%
LAMR	D	-0.94%
CUBE	D	-0.91%
OHI	C	-0.86%
REXR	F	-0.77%
BRX	A	-0.73%
FRT	B	-0.72%
EGP	F	-0.7%
NNN	D	-0.65%
ADC	B	-0.64%
VNO	B	-0.58%
FR	D	-0.58%
RHP	B	-0.57%
STAG	F	-0.55%
KRG	B	-0.5%
TRNO	F	-0.5%
COLD	D	-0.48%
EPRT	B	-0.48%
CTRE	D	-0.42%
SLG	B	-0.41%
PECO	A	-0.4%
CUZ	B	-0.39%
IRT	A	-0.39%
SBRA	C	-0.36%
MAC	B	-0.35%
KRC	C	-0.35%
SKT	B	-0.33%
APLE	B	-0.29%
EPR	D	-0.28%
NHI	D	-0.28%
HIW	D	-0.28%
CDP	C	-0.28%
BNL	D	-0.27%
PK	B	-0.26%
DEI	B	-0.26%
IIPR	D	-0.25%
NSA	D	-0.25%
LXP	D	-0.23%
UE	C	-0.23%
MPW	F	-0.22%
OUT	A	-0.22%
AKR	B	-0.22%
FCPT	C	-0.22%
ROIC	A	-0.19%
IVT	B	-0.19%
EQC	B	-0.18%
SHO	C	-0.17%
DRH	B	-0.16%
LTC	B	-0.14%
XHR	B	-0.13%
GTY	B	-0.13%
ALEX	C	-0.12%
ESRT	C	-0.12%
GNL	F	-0.12%
ELME	D	-0.12%
VRE	B	-0.12%
PEB	D	-0.12%
RLJ	B	-0.12%
AAT	B	-0.11%
JBGS	D	-0.11%
UNIT	B	-0.11%
UMH	C	-0.11%
PDM	D	-0.1%
NTST	D	-0.1%
DEA	D	-0.1%
AIV	C	-0.09%
CSR	B	-0.09%
BDN	C	-0.08%
PGRE	F	-0.08%
NXRT	B	-0.08%
INN	D	-0.06%
GOOD	B	-0.06%
PLYM	F	-0.06%
AHH	D	-0.06%
HPP	F	-0.05%
WSR	A	-0.05%
OLP	B	-0.04%
CLDT	B	-0.04%
ALX	D	-0.04%
SVC	F	-0.04%
CHCT	C	-0.04%
PKST	D	-0.04%
BFS	C	-0.04%
FPI	B	-0.04%
UHT	D	-0.04%
GMRE	F	-0.04%
DHC	F	-0.04%
PSTL	D	-0.03%
CBL	A	-0.03%
CTO	B	-0.03%
LAND	F	-0.03%
CIO	D	-0.02%
PINE	C	-0.02%
BHR	B	-0.02%
BRT	B	-0.02%
ILPT	D	-0.02%
OPI	F	-0.01%
MDV	D	-0.01%
FSP	C	-0.01%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management