CEFD vs. IAK ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to iShares U.S. Insurance ETF (IAK)

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

$19.02

Average Daily Volume

2,587

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$112.88

Average Daily Volume

81,988

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	IAK
30 Days	-1.20%	-2.96%
60 Days	-0.56%	2.35%
90 Days	2.56%	6.57%
12 Months	15.88%	35.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in IAK	Overlap

CEFD Overweight 100 Positions Relative to IAK

Symbol	Grade	Weight
EVV	A	2.63%
BDJ	A	2.39%
HYT	A	2.19%
BTZ	C	2.16%
NXDT	F	1.9%
AWF	A	1.83%
DSL	A	1.77%
JQC	A	1.66%
BXMX	C	1.65%
EMD	B	1.5%
WIW	A	1.37%
BHK	C	1.3%
QQQX	C	1.26%
BOE	B	1.23%
BCX	A	1.2%
HIO	C	1.19%
JPC	A	1.18%
RA	C	1.17%
GHY	A	1.16%
BGY	B	1.09%
CII	B	1.07%
HIX	C	1.01%
BIT	B	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	C	0.88%
LDP	A	0.84%
FFC	B	0.83%
EFR	A	0.82%
FRA	A	0.82%
TEI	A	0.75%
PHK	B	0.75%
EOI	B	0.73%
MIN	B	0.71%
EHI	B	0.71%
NBB	C	0.71%
MCR	B	0.7%
PDT	A	0.69%
DIAX	C	0.69%
PPT	B	0.67%
WIA	A	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	C	0.55%
DFP	B	0.55%
BME	C	0.54%
BGT	A	0.49%
HPI	A	0.47%
PHD	A	0.44%
BGH	A	0.44%
FTF	A	0.43%
GBAB	B	0.42%
HYB	A	0.39%
EVG	A	0.38%
IDE	C	0.38%
DHF	A	0.38%
PHT	B	0.38%
TSI	C	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	B	0.34%
FFA	B	0.32%
DBL	A	0.31%
GDO	C	0.31%
PSF	C	0.31%
VBF	C	0.3%
BGR	B	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	C	0.24%
WEA	A	0.22%
FAM	C	0.21%
VLT	A	0.19%
MGF	A	0.19%
VGI	B	0.18%
HEQ	B	0.18%
GNT	A	0.14%
JLS	A	0.14%

CEFD Underweight 55 Positions Relative to IAK

Symbol	Grade	Weight
PGR	B	-15.28%
CB	C	-12.63%
AIG	A	-6.63%
TRV	C	-6.07%
MET	D	-5.35%
ALL	B	-4.92%
AFL	B	-4.62%
ACGL	A	-4.58%
PRU	C	-4.57%
HIG	D	-3.83%
MKL	A	-2.53%
CINF	D	-2.41%
PFG	C	-2.31%
WRB	D	-2.07%
L	A	-1.82%
FNF	A	-1.61%
ERIE	C	-1.27%
AIZ	C	-1.2%
UNM	A	-1.15%
AFG	D	-1.12%
KNSL	F	-1.07%
ORI	A	-1.04%
PRI	D	-0.99%
GL	F	-0.87%
SIGI	F	-0.83%
RLI	D	-0.77%
FAF	F	-0.74%
AXS	B	-0.65%
THG	A	-0.62%
WTM	A	-0.61%
AGO	D	-0.57%
LNC	D	-0.48%
AEL	A	-0.48%
KMPR	B	-0.48%
BHF	C	-0.43%
CNO	A	-0.39%
OSCR	A	-0.34%
PLMR	B	-0.27%
GNW	C	-0.22%
STC	A	-0.21%
MCY	A	-0.2%
HMN	A	-0.19%
CNA	B	-0.17%
SKWD	B	-0.16%
LMND	B	-0.16%
NWLI	A	-0.15%
AMSF	F	-0.13%
TRUP	F	-0.12%
SAFT	C	-0.11%
AMBC	D	-0.1%
PRA	C	-0.09%
EIG	D	-0.09%
UFCS	B	-0.08%
JRVR	D	-0.05%
MBI	D	-0.05%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management