CEFD vs. IHAK ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to iShares Cybersecurity and Tech ETF (IHAK)

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

$19.29

Average Daily Volume

2,539

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

IHAK

iShares Cybersecurity and Tech ETF

IHAK Description

The investment seeks to track the investment results of the NYSEÂ® FactSetÂ® Global Cyber Security IndexTM. The fund generally will invest at least 90% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is composed of developed and emerging market companies that are involved in cyber security and technology, including cyber security hardware, software, products, and services. It is non-diversified.

Grade (RS Rating)

Last Trade

$45.80

Average Daily Volume

84,332

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	IHAK
30 Days	6.87%	5.57%
60 Days	1.91%	-2.02%
90 Days	3.61%	-5.19%
12 Months	17.63%	29.73%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in IHAK	Overlap

CEFD Overweight 100 Positions Relative to IHAK

Symbol	Grade	Weight
EVV	A	2.63%
BDJ	A	2.39%
HYT	C	2.19%
BTZ	B	2.16%
NXDT	F	1.9%
AWF	B	1.83%
DSL	B	1.77%
JQC	B	1.66%
BXMX	B	1.65%
EMD	B	1.5%
WIW	B	1.37%
BHK	B	1.3%
QQQX	B	1.26%
BOE	A	1.23%
BCX	A	1.2%
HIO	D	1.19%
JPC	B	1.18%
RA	C	1.17%
GHY	B	1.16%
BGY	B	1.09%
CII	B	1.07%
HIX	C	1.01%
BIT	D	1.01%
EOS	B	1.0%
IGD	B	0.98%
EFT	B	0.95%
FSD	A	0.95%
HTD	A	0.94%
BST	C	0.92%
BLW	B	0.92%
EAD	B	0.9%
ISD	B	0.88%
LDP	B	0.84%
FFC	B	0.83%
EFR	B	0.82%
FRA	A	0.82%
TEI	B	0.75%
PHK	D	0.75%
EOI	B	0.73%
MIN	C	0.71%
EHI	B	0.71%
NBB	C	0.71%
MCR	B	0.7%
PDT	B	0.69%
DIAX	B	0.69%
PPT	B	0.67%
WIA	A	0.66%
MMT	A	0.64%
GOF	B	0.64%
JPI	A	0.63%
BKT	B	0.62%
PFN	B	0.59%
JGH	C	0.59%
FCT	A	0.58%
ERC	D	0.57%
HPS	B	0.55%
HYI	D	0.55%
DFP	B	0.55%
BME	C	0.54%
BGT	B	0.49%
HPI	B	0.47%
PHD	A	0.44%
BGH	B	0.44%
FTF	A	0.43%
GBAB	C	0.42%
HYB	B	0.39%
EVG	B	0.38%
IDE	B	0.38%
DHF	A	0.38%
PHT	C	0.38%
TSI	D	0.37%
ETB	B	0.37%
FT	B	0.37%
STK	C	0.37%
DHY	A	0.36%
HPF	B	0.36%
MSD	B	0.34%
INSI	D	0.34%
FFA	B	0.32%
DBL	B	0.31%
GDO	B	0.31%
PSF	C	0.31%
VBF	B	0.3%
BGR	B	0.3%
PIM	B	0.3%
PFL	B	0.29%
IGA	B	0.29%
OPP	B	0.29%
SPXX	B	0.27%
FLC	B	0.24%
MCN	C	0.24%
CIK	D	0.24%
WEA	C	0.22%
FAM	B	0.21%
VLT	A	0.19%
MGF	B	0.19%
VGI	B	0.18%
HEQ	B	0.18%
GNT	A	0.14%
JLS	B	0.14%

CEFD Underweight 25 Positions Relative to IHAK

Symbol	Grade	Weight
CRWD	C	-5.1%
OKTA	D	-5.02%
CACI	B	-4.98%
JNPR	D	-4.55%
BAH	B	-4.54%
CYBR	D	-4.37%
SAIC	C	-4.27%
TENB	F	-4.19%
FTNT	D	-4.17%
S	D	-4.03%
ALRM	D	-3.99%
VRNS	D	-3.95%
CHKP	D	-3.94%
PANW	C	-3.76%
AKAM	F	-3.33%
ZS	F	-3.27%
QLYS	F	-3.04%
RPD	F	-2.55%
CALX	D	-2.14%
YOU	F	-1.84%
EVBG	C	-1.69%
ATEN	A	-1.31%
RDWR	B	-0.85%
OSPN	C	-0.55%
CHGX	B	-0.38%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management