CEFS vs. SIXS ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to 6 Meridian Small Cap Equity ETF (SIXS)

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

SIXS

6 Meridian Small Cap Equity ETF

SIXS Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in small-capitalization equity securities. The Sub-Adviser considers small-capitalization companies to be the smallest 75% of stocks included in the Russell 3000 Index by market capitalization. Although it invests primarily in small-capitalization securities, the fund may invest in equity securities of companies of any capitalization. The equity securities in which it invests are mainly common stocks.

Grade (RS Rating)

Last Trade

$47.64

Average Daily Volume

2,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	SIXS
30 Days	-2.15%	-1.27%
60 Days	0.96%	-3.48%
90 Days	3.39%	-1.23%
12 Months	35.02%	12.98%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in SIXS	Overlap

CEFS Overweight 105 Positions Relative to SIXS

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%
DSM	D	0.56%
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 81 Positions Relative to SIXS

Symbol	Grade	Weight
CALM	B	-2.95%
HCI	B	-2.73%
AGO	B	-2.43%
INVA	C	-2.29%
PRDO	B	-2.2%
COLL	F	-2.05%
CEIX	A	-1.28%
AMSF	A	-1.28%
LRN	A	-1.27%
PRGS	B	-1.26%
WKC	D	-1.25%
HCC	A	-1.25%
HP	C	-1.24%
ENVA	A	-1.22%
AMBC	D	-1.2%
MCY	B	-1.2%
PFBC	B	-1.19%
REX	F	-1.19%
MSGS	A	-1.19%
ATEN	A	-1.19%
CVI	F	-1.18%
MGEE	C	-1.18%
VRTS	B	-1.18%
HSII	A	-1.18%
HMN	A	-1.18%
AWR	C	-1.15%
MHO	D	-1.15%
GTY	C	-1.15%
PUMP	F	-1.15%
SM	F	-1.15%
RES	F	-1.14%
FIZZ	B	-1.14%
BRC	D	-1.14%
BKE	C	-1.14%
ATGE	A	-1.13%
EIG	C	-1.13%
AX	B	-1.13%
PLAB	F	-1.13%
AMR	F	-1.12%
WRLD	D	-1.12%
GIII	C	-1.12%
NABL	F	-1.11%
SMPL	C	-1.11%
JJSF	C	-1.11%
PMT	D	-1.11%
DVAX	A	-1.11%
NPK	F	-1.11%
JBSS	F	-1.1%
ENSG	A	-1.1%
VIRT	A	-1.1%
BOX	D	-1.1%
RGR	F	-1.1%
MMSI	B	-1.1%
PBH	A	-1.09%
PINC	A	-1.09%
FDP	A	-1.09%
RDN	F	-1.09%
ZEUS	F	-1.09%
LTC	A	-1.09%
DNOW	F	-1.09%
EZPW	B	-1.08%
TR	F	-1.08%
SPTN	D	-1.08%
HSTM	A	-1.08%
SAFT	D	-1.07%
MOV	F	-1.07%
DXC	D	-1.06%
SCSC	F	-1.06%
ANDE	F	-1.06%
GDEN	F	-1.05%
SPNT	D	-1.05%
RAMP	D	-1.04%
CUBI	D	-1.04%
LBRT	F	-1.03%
MTUS	F	-1.03%
CLW	F	-1.02%
WNC	F	-1.0%
THS	F	-1.0%
BFH	C	-0.99%
LPG	F	-0.95%
OGN	D	-0.9%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other