CEFD vs. RDFI ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Rareview Dynamic Fixed Income ETF (RDFI)

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

$20.06

Average Daily Volume

1,992

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RDFI

Rareview Dynamic Fixed Income ETF

RDFI Description

The investment seeks total return with an emphasis on providing current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.03

Average Daily Volume

9,913

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	RDFI
30 Days	-1.62%	-3.91%
60 Days	1.60%	-1.88%
90 Days	7.27%	-0.31%
12 Months	33.63%	18.49%

12 Overlapping Holdings

Symbol	Grade	Weight in CEFD	Weight in RDFI	Overlap
BTZ	D	2.16%	2.96%	2.16%
EAD	D	0.9%	2.91%	0.9%
EHI	D	0.71%	1.5%	0.71%
EMD	D	1.5%	4.38%	1.5%
ERC	D	0.57%	1.3%	0.57%
EVV	A	2.63%	0.01%	0.01%
FTF	C	0.43%	2.2%	0.43%
GHY	A	1.16%	1.38%	1.16%
HIO	A	1.19%	4.79%	1.19%
HIX	A	1.01%	1.54%	1.01%
RA	A	1.17%	2.78%	1.17%
TEI	D	0.75%	4.14%	0.75%

CEFD Overweight 87 Positions Relative to RDFI

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

CEFD Underweight 20 Positions Relative to RDFI

Symbol	Grade	Weight
NPFD	A	-6.22%
EDD	D	-5.62%
PDX	C	-4.68%
ZROZ	F	-4.36%
NZF	D	-3.82%
FPF	D	-3.66%
CARY	C	-3.05%
NAD	C	-3.04%
NVG	D	-2.63%
FEMB	F	-2.43%
BLE	D	-2.4%
VMO	C	-2.24%
NEA	D	-2.19%
EMB	C	-2.13%
MMU	D	-2.07%
IQI	C	-1.86%
VKQ	C	-1.51%
MYD	D	-1.47%
MBB	D	-1.16%
IIM	D	-0.3%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management

RDFI: Top Represented Industries & Keywords

Industries: Asset Management