CEFD vs. HYIN ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to WisdomTree Alternative Income Fund (HYIN)

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

HYIN

WisdomTree Alternative Income Fund

HYIN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the ?Index?). Under normal circumstances, at least 80% of the fund?s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of registered closed-end investment companies and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.65

Average Daily Volume

26,559

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	HYIN
30 Days	1.25%	0.93%
60 Days	1.17%	-2.15%
90 Days	4.45%	-1.20%
12 Months	29.61%	8.39%

4 Overlapping Holdings

Symbol	Grade	Weight in CEFD	Weight in HYIN	Overlap
EVV	C	2.63%	2.86%	2.63%
GOF	A	0.64%	3.01%	0.64%
HYT	A	2.19%	2.94%	2.19%
JQC	A	1.66%	3.01%	1.66%

CEFD Overweight 95 Positions Relative to HYIN

Symbol	Grade	Weight
BDJ	C	2.39%
BTZ	C	2.16%
NXDT	D	1.9%
AWF	C	1.83%
DSL	B	1.77%
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%
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	C	0.18%
HEQ	B	0.18%
GNT	C	0.14%
JLS	C	0.14%

CEFD Underweight 23 Positions Relative to HYIN

Symbol	Grade	Weight
FSK	A	-3.17%
MAIN	A	-3.11%
OXLC	C	-3.08%
ARCC	A	-3.08%
GBDC	C	-3.04%
JFR	A	-3.03%
BXSL	A	-3.02%
PTY	A	-3.0%
ABR	C	-2.99%
PDI	C	-2.91%
HTGC	D	-2.9%
LADR	B	-2.87%
ECC	D	-2.86%
AOMR	D	-2.86%
ARI	C	-2.81%
VVR	D	-2.81%
EFC	C	-2.77%
STWD	C	-2.76%
AGNC	D	-2.73%
BXMT	C	-2.7%
RWT	D	-2.7%
RC	D	-2.65%
CMTG	F	-2.62%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management