CEFS vs. BNDX ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to Vanguard Total International Bond ETF (BNDX)

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$21.89

Average Daily Volume

49,454

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$49.69

Average Daily Volume

2,777,180

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	BNDX
30 Days	-2.15%	-1.02%
60 Days	0.96%	0.45%
90 Days	3.39%	0.21%
12 Months	35.02%	8.47%

1 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in BNDX	Overlap
	DSM	D	0.56%	0.01%	0.01%

CEFS Overweight 104 Positions Relative to BNDX

Symbol	Grade	Weight
BIGZ	A	12.12%
ASA	B	8.22%
BCAT	C	5.82%
ADX	A	5.52%
BFZ	D	5.03%
ASGI	A	4.03%
ENX	D	3.8%
PDX	C	3.35%
NQP	D	3.12%
GDV	C	3.0%
NXJ	D	3.0%
HQL	D	2.89%
EVM	D	2.23%
BSTZ	A	2.22%
BMEZ	A	2.16%
HQH	D	2.13%
GRX	D	1.86%
AFB	D	1.8%
VTN	C	1.76%
MHI	C	1.68%
TEAF	B	1.66%
LGI	D	1.56%
EDD	D	1.35%
VPV	C	1.25%
NFJ	D	1.2%
ECF	A	1.16%
FMN	D	1.1%
KSM	B	1.09%
NTG	A	1.07%
EMO	B	1.04%
LEO	D	1.03%
AOD	C	1.02%
VGM	C	1.0%
PGZ	D	0.85%
JRI	B	0.84%
MAV	D	0.84%
NPFD	A	0.83%
NBH	D	0.76%
DMF	C	0.66%
IHD	C	0.65%
CEV	D	0.64%
GAM	C	0.58%
CXE	D	0.47%
HYB	C	0.46%
VKQ	C	0.41%
BOE	B	0.39%
VCV	D	0.39%
IDE	A	0.32%
NDP	B	0.32%
DMB	D	0.3%
PCK	D	0.26%
VMO	C	0.23%
TWN	B	0.22%
PEO	B	0.22%
CPZ	A	0.22%
RA	A	0.21%
EOD	D	0.19%
GNT	C	0.18%
TTP	A	0.15%
FGB	A	0.13%
AGD	C	0.13%
MPA	D	0.11%
CMU	C	0.1%
CXH	B	0.09%
ERH	C	0.09%
MFD	C	0.08%
TYG	B	0.06%
GLO	C	0.05%
NML	B	0.05%
HEQ	C	0.03%
PNI	D	0.03%
IGA	B	0.03%
GLV	C	0.03%
MFM	C	0.02%
MUJ	D	0.02%
DIAX	B	0.02%
KYN	B	0.02%
SBI	C	0.02%
GLQ	C	0.01%
MVT	D	0.01%
GF	C	0.01%
MUC	D	0.01%
BTT	C	0.01%
MYN	D	0.01%
NAC	D	0.01%
MXE	F	0.01%
BCV	B	0.01%
PFO	C	0.01%
ETW	A	0.0%
NAN	C	0.0%
NMT	A	0.0%
MUE	C	0.0%
MIY	C	0.0%
BNY	D	0.0%
BHV	D	0.0%
NOM	D	0.0%
RMT	D	0.0%
VFL	D	0.0%
IIF	C	0.0%
NAZ	C	0.0%
BGY	D	0.0%
SWZ	D	0.0%
MHN	D	0.0%
PYN	D	0.0%

CEFS Underweight 153 Positions Relative to BNDX

Symbol	Grade	Weight
SPG	C	-0.01%
SO	C	-0.01%
SLB	F	-0.01%
SCOR	F	-0.01%
RTX	C	-0.01%
ZBH	C	-0.01%
XYL	F	-0.01%
WM	A	-0.01%
WHR	B	-0.01%
WELL	A	-0.01%
WBA	C	-0.01%
VTRS	B	-0.01%
VTR	B	-0.01%
VFC	A	-0.01%
UPS	C	-0.01%
TEL	A	-0.01%
TAP	D	-0.01%
SYY	D	-0.01%
SYK	A	-0.01%
AL	B	-0.01%
AIG	B	-0.01%
CP	F	-0.01%
COF	A	-0.01%
EMR	B	-0.01%
EMN	C	-0.01%
NDAQ	B	-0.01%
MSFT	D	-0.01%
EEFT	F	-0.01%
MRK	F	-0.01%
MP	B	-0.01%
CL	F	-0.01%
EDC	C	-0.01%
ECL	C	-0.01%
DXC	D	-0.01%
MMM	D	-0.01%
MHK	D	-0.01%
CE	F	-0.01%
CCEP	D	-0.01%
DIS	C	-0.01%
MET	C	-0.01%
MCO	D	-0.01%
MCK	C	-0.01%
MAN	F	-0.01%
MA	B	-0.01%
LYB	F	-0.01%
LLY	F	-0.01%
BWA	D	-0.01%
BX	B	-0.01%
PEP	D	-0.01%
ORCL	B	-0.01%
BSX	C	-0.01%
IFF	D	-0.01%
PSA	D	-0.01%
KMI	B	-0.01%
KKR	B	-0.01%
K	A	-0.01%
BMY	A	-0.01%
HOG	F	-0.01%
JNJ	D	-0.01%
BLK	B	-0.01%
BIP	B	-0.01%
PPL	C	-0.01%
PPG	F	-0.01%
PM	A	-0.01%
BDX	C	-0.01%
PFE	D	-0.01%
GM	B	-0.01%
GLW	A	-0.01%
GIS	D	-0.01%
OMC	B	-0.01%
OBND	C	-0.01%
O	D	-0.01%
BACA	D	-0.01%
AZN	F	-0.01%
ASML	F	-0.01%
APTV	F	-0.01%
APD	B	-0.01%
FDX	C	-0.01%
ITW	A	-0.01%
INTC	C	-0.01%
AON	A	-0.01%
AMT	D	-0.01%
AMGN	C	-0.01%
AMCR	D	-0.01%
ETN	B	-0.01%
NEE	D	-0.01%
DE	B	-0.01%
SE	B	-0.01%
RY	B	-0.01%
TMO	D	-0.01%
XOM	C	-0.01%
WPC	F	-0.01%
VOD	D	-0.01%
USB	B	-0.01%
MUFG	A	-0.01%
CRH	A	-0.01%
ADM	F	-0.01%
TD	F	-0.01%
MO	A	-0.01%
ABBV	A	-0.01%
AAPL	C	-0.01%
DOV	B	-0.01%
DOW	F	-0.01%
CB	C	-0.01%
DHY	C	-0.01%
DHR	D	-0.01%
MDT	B	-0.01%
MDLZ	D	-0.01%
MCD	C	-0.01%
KO	D	-0.01%
LIN	C	-0.01%
CAF	A	-0.01%
BKNG	A	-0.01%
BHP	C	-0.01%
BG	F	-0.01%
HON	B	-0.01%
IBM	C	-0.01%
JCI	B	-0.01%
BAX	F	-0.01%
GE	D	-0.01%
PG	D	-0.01%
GSK	F	-0.01%
PLD	F	-0.01%
PH	A	-0.01%
EQNR	F	-0.01%
DB	B	-0.01%
FIS	B	-0.01%
BAC	B	-0.01%
GS	B	-0.01%
BMO	B	-0.01%
BNS	B	-0.01%
KSA	C	-0.01%
DLR	A	-0.01%
MS	B	-0.01%
ABT	A	-0.01%
T	A	-0.01%
UBS	B	-0.01%
WMT	A	-0.01%
WFC	B	-0.01%
VZ	D	-0.01%
SEB	F	-0.01%
STLA	F	-0.01%
C	A	-0.01%
EDF	B	-0.01%
DT	B	-0.01%
CMCSA	A	-0.01%
NWG	A	-0.01%
HSBC	A	-0.01%
CM	A	-0.01%
JPM	A	-0.01%
COE	A	-0.01%
CAN	B	-0.01%
BGB	A	-0.01%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other