CEFS vs. IYF ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to iShares U.S. Financial ETF (IYF)

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

$21.74

Average Daily Volume

46,056

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial 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. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$115.32

Average Daily Volume

281,577

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	IYF
30 Days	-1.54%	5.66%
60 Days	0.31%	12.57%
90 Days	3.99%	15.02%
12 Months	28.77%	49.47%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in IYF	Overlap

CEFS Overweight 105 Positions Relative to IYF

Symbol	Grade	Weight
BIGZ	B	12.12%
ASA	D	8.22%
BCAT	A	5.82%
ADX	B	5.52%
BFZ	D	5.03%
ASGI	C	4.03%
ENX	C	3.8%
PDX	A	3.35%
NQP	D	3.12%
GDV	B	3.0%
NXJ	D	3.0%
HQL	D	2.89%
EVM	C	2.23%
BSTZ	B	2.22%
BMEZ	C	2.16%
HQH	D	2.13%
GRX	D	1.86%
AFB	C	1.8%
VTN	C	1.76%
MHI	C	1.68%
TEAF	D	1.66%
LGI	D	1.56%
EDD	D	1.35%
VPV	C	1.25%
NFJ	B	1.2%
ECF	B	1.16%
FMN	D	1.1%
KSM	F	1.09%
NTG	A	1.07%
EMO	A	1.04%
LEO	D	1.03%
AOD	C	1.02%
VGM	C	1.0%
PGZ	D	0.85%
JRI	B	0.84%
MAV	C	0.84%
NPFD	C	0.83%
NBH	D	0.76%
DMF	C	0.66%
IHD	D	0.65%
CEV	D	0.64%
GAM	B	0.58%
DSM	C	0.56%
CXE	D	0.47%
HYB	C	0.46%
VKQ	C	0.41%
BOE	A	0.39%
VCV	C	0.39%
IDE	B	0.32%
NDP	A	0.32%
DMB	C	0.3%
PCK	C	0.26%
VMO	C	0.23%
TWN	C	0.22%
PEO	A	0.22%
CPZ	C	0.22%
RA	C	0.21%
EOD	C	0.19%
GNT	D	0.18%
TTP	A	0.15%
FGB	A	0.13%
AGD	D	0.13%
MPA	C	0.11%
CMU	C	0.1%
CXH	C	0.09%
ERH	C	0.09%
MFD	C	0.08%
TYG	A	0.06%
GLO	C	0.05%
NML	A	0.05%
HEQ	C	0.03%
PNI	C	0.03%
IGA	A	0.03%
GLV	C	0.03%
MFM	C	0.02%
MUJ	C	0.02%
DIAX	A	0.02%
KYN	A	0.02%
SBI	C	0.02%
GLQ	C	0.01%
MVT	C	0.01%
GF	F	0.01%
MUC	C	0.01%
BTT	C	0.01%
MYN	C	0.01%
NAC	C	0.01%
MXE	F	0.01%
BCV	A	0.01%
PFO	D	0.01%
ETW	B	0.0%
NAN	A	0.0%
NMT	B	0.0%
MUE	C	0.0%
MIY	C	0.0%
BNY	C	0.0%
BHV	C	0.0%
NOM	C	0.0%
RMT	B	0.0%
VFL	C	0.0%
IIF	D	0.0%
NAZ	A	0.0%
BGY	D	0.0%
SWZ	D	0.0%
MHN	C	0.0%
PYN	C	0.0%

CEFS Underweight 135 Positions Relative to IYF

Symbol	Grade	Weight
BRK.A	A	-11.71%
JPM	A	-9.68%
BAC	A	-4.6%
WFC	A	-4.19%
GS	A	-3.14%
SPGI	C	-2.66%
BLK	A	-2.62%
MS	A	-2.55%
PGR	B	-2.55%
C	A	-2.23%
BX	A	-2.13%
CB	C	-1.93%
MMC	C	-1.89%
SCHW	A	-1.87%
KKR	A	-1.74%
ICE	D	-1.52%
APO	A	-1.43%
PNC	A	-1.38%
CME	A	-1.37%
USB	B	-1.33%
AON	A	-1.28%
MCO	C	-1.26%
AJG	A	-1.08%
TFC	A	-1.06%
AFL	C	-1.03%
TRV	A	-0.99%
BK	A	-0.98%
AMP	A	-0.94%
COIN	A	-0.87%
ALL	A	-0.86%
AIG	B	-0.85%
MET	A	-0.82%
PRU	A	-0.77%
DFS	A	-0.76%
MSCI	A	-0.76%
ACGL	C	-0.62%
MTB	A	-0.59%
HIG	C	-0.58%
NDAQ	A	-0.55%
WTW	B	-0.55%
FITB	A	-0.54%
ARES	B	-0.53%
RJF	A	-0.51%
STT	A	-0.49%
BRO	B	-0.45%
FCNCA	A	-0.45%
TROW	A	-0.45%
BR	A	-0.44%
HBAN	A	-0.43%
RF	A	-0.4%
CINF	A	-0.39%
LPLA	A	-0.39%
CFG	A	-0.36%
NTRS	A	-0.36%
CBOE	D	-0.36%
MKL	A	-0.36%
HOOD	A	-0.34%
PFG	C	-0.34%
FDS	A	-0.31%
WRB	A	-0.3%
KEY	A	-0.3%
IBKR	A	-0.3%
EG	D	-0.27%
L	A	-0.26%
FNF	C	-0.26%
TW	B	-0.26%
EWBC	A	-0.25%
RGA	A	-0.25%
RNR	D	-0.23%
JEF	A	-0.22%
EQH	B	-0.22%
UNM	A	-0.21%
SOFI	A	-0.21%
SF	A	-0.2%
OWL	A	-0.2%
CG	B	-0.2%
AIZ	A	-0.19%
FHN	A	-0.19%
EVR	A	-0.19%
PRI	A	-0.18%
ALLY	C	-0.18%
WAL	A	-0.17%
AFG	A	-0.17%
GL	B	-0.17%
NLY	C	-0.17%
KNSL	C	-0.17%
MKTX	C	-0.17%
WBS	A	-0.17%
PNFP	A	-0.16%
MORN	B	-0.16%
ORI	A	-0.16%
HLI	A	-0.16%
WTFC	A	-0.15%
CMA	A	-0.15%
CBSH	A	-0.14%
CFR	A	-0.14%
VOYA	A	-0.14%
ZION	A	-0.14%
SNV	A	-0.14%
RYAN	A	-0.13%
SEIC	A	-0.13%
RLI	A	-0.12%
IVZ	B	-0.12%
AGNC	C	-0.12%
PB	A	-0.12%
BPOP	C	-0.12%
MTG	C	-0.11%
BEN	C	-0.11%
FAF	C	-0.11%
COLB	A	-0.11%
OMF	A	-0.11%
LAZ	B	-0.11%
AXS	A	-0.11%
RITM	C	-0.1%
TPG	B	-0.1%
AMG	A	-0.1%
FNB	A	-0.1%
JHG	A	-0.1%
STWD	D	-0.1%
WTM	A	-0.09%
OZK	A	-0.09%
SLM	A	-0.09%
THG	A	-0.09%
LNC	A	-0.08%
AGO	A	-0.08%
KMPR	A	-0.07%
FHB	A	-0.06%
BHF	A	-0.06%
BOKF	A	-0.05%
VIRT	A	-0.05%
CACC	D	-0.05%
RKT	F	-0.04%
CNA	C	-0.02%
TFSL	A	-0.01%
UWMC	F	-0.01%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other