CGBL vs. SMHB ETF Comparison

Comparison of Capital Group Core Balanced ETF (CGBL) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

CGBL

Capital Group Core Balanced ETF

CGBL Description

In seeking to pursue its investment objective, the fund varies its mix of direct or indirect exposure to equity securities, debt securities and money market instruments and cash. Under normal market conditions, the fund"s investment adviser will maintain the following investment mix: 50%-75% in equity securities, at least 25% in debt securities, and the remainder of the fund"s assets (if any) in money market instruments and cash. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.62

Average Daily Volume

356,646

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.73

Average Daily Volume

39,542

Number of Holdings ^*

90

* may have additional holdings in another (foreign) market

Performance

Period	CGBL	SMHB
30 Days	1.05%	-2.85%
60 Days	1.48%	-7.38%
90 Days	3.06%	0.84%
12 Months	22.06%	17.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in CGBL	Weight in SMHB	Overlap

CGBL Overweight 59 Positions Relative to SMHB

	Symbol	Grade	Weight
	CGCP	D	26.19%
	AVGO	D	5.19%
	MSFT	F	3.26%
	META	D	3.01%
	TSM	B	2.46%
	PM	B	2.11%
	BKNG	A	2.08%
	VRTX	F	2.05%
	LLY	F	1.94%
	GOOG	C	1.87%
	APO	B	1.66%
	HD	A	1.65%
	GILD	C	1.58%
	UNH	C	1.45%
	AON	A	1.26%
	LHX	C	1.2%
	CMCSA	B	1.14%
	AAPL	C	1.13%
	RCL	A	1.11%
	NVDA	C	1.05%
	RGLD	C	0.93%
	BX	A	0.92%
	MA	C	0.9%
	AJG	B	0.88%
	DE	A	0.84%
	GM	B	0.8%
	BA	F	0.8%
	DFS	B	0.78%
	STZ	D	0.78%
	VICI	C	0.76%
	MO	A	0.75%
	COF	B	0.73%
	JPM	A	0.72%
	CAT	B	0.69%
	ORCL	B	0.69%
	EXR	D	0.68%
	ARES	A	0.68%
	ATI	D	0.68%
	AMZN	C	0.67%
	REGN	F	0.64%
	IR	B	0.61%
	SBUX	A	0.58%
	ICE	C	0.53%
	DHI	D	0.52%
	GE	D	0.52%
	TDG	D	0.51%
	COP	C	0.51%
	ASML	F	0.5%
	DRI	B	0.49%
	OWL	A	0.48%
	CME	A	0.48%
	WFC	A	0.48%
	KKR	A	0.45%
	MSTR	C	0.42%
	NKE	D	0.42%
	NUE	C	0.39%
	LUV	C	0.38%
	TMO	F	0.38%
	AMAT	F	0.32%

CGBL Underweight 90 Positions Relative to SMHB

	Symbol	Grade	Weight
	SLG	B	-4.87%
	XRX	F	-4.09%
	DTM	B	-3.81%
	BXMT	C	-3.43%
	DSS	F	-2.87%
	TWO	D	-2.87%
	CIM	D	-2.62%
	BDN	C	-2.41%
	BGS	F	-2.41%
	SBRA	C	-2.38%
	EPR	D	-2.34%
	ABR	C	-2.21%
	APAM	B	-2.02%
	PAGP	A	-1.88%
	UNIT	B	-1.86%
	UWMC	D	-1.84%
	ARR	D	-1.65%
	NHI	D	-1.64%
	ORC	B	-1.51%
	CCOI	B	-1.51%
	PSEC	D	-1.47%
	IVR	F	-1.43%
	DEA	D	-1.35%
	PMT	D	-1.35%
	MFA	D	-1.27%
	RWT	D	-1.24%
	CTRE	D	-1.16%
	PETS	C	-1.13%
	MAIN	A	-1.09%
	HTGC	D	-1.03%
	ARI	C	-1.02%
	GNL	F	-1.01%
	FCPT	C	-1.0%
	EFC	C	-1.0%
	PDM	D	-0.99%
	GSBD	F	-0.94%
	NEWT	B	-0.94%
	NYMT	C	-0.93%
	LTC	B	-0.91%
	DX	B	-0.89%
	KREF	D	-0.8%
	VGR	D	-0.79%
	NWBI	B	-0.77%
	GBDC	C	-0.73%
	CODI	B	-0.72%
	VNOM	A	-0.65%
	SCS	C	-0.65%
	RC	D	-0.65%
	ACRE	C	-0.64%
	LADR	B	-0.62%
	TSLX	C	-0.62%
	HESM	B	-0.59%
	UVV	B	-0.54%
	OCSL	F	-0.54%
	AROC	B	-0.53%
	GMRE	F	-0.5%
	ILPT	D	-0.49%
	BRSP	B	-0.49%
	WSR	A	-0.46%
	ALX	D	-0.45%
	GTY	B	-0.44%
	OPI	F	-0.4%
	RMR	F	-0.38%
	NMFC	D	-0.38%
	UHT	D	-0.36%
	GPMT	C	-0.34%
	CSWC	D	-0.34%
	GOOD	B	-0.33%
	FSP	C	-0.29%
	TRTX	B	-0.29%
	TCPC	C	-0.27%
	AHH	D	-0.27%
	CGBD	D	-0.25%
	BCSF	C	-0.24%
	TPVG	C	-0.23%
	PFLT	D	-0.23%
	SLRC	A	-0.23%
	UVE	B	-0.22%
	BBDC	A	-0.22%
	KRO	D	-0.2%
	EBF	F	-0.18%
	GAIN	C	-0.17%
	PNNT	B	-0.16%
	OLP	B	-0.16%
	FDUS	A	-0.16%
	GLAD	B	-0.15%
	BFS	C	-0.14%
	TRIN	A	-0.12%
	CCAP	A	-0.1%
	REPX	A	-0.07%

CGBL: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Semiconductors Aerospace & Defense Banks - Global Biotechnology Drug Manufacturers - Major Farm & Construction Equipment Financial Data & Stock Exchanges Insurance Brokers Internet Content & Information Restaurants Semiconductor Equipment & Materials Software - Infrastructure Tobacco Airlines Auto Manufacturers Beverages - Wineries & Distilleries Communication Equipment Consumer Electronics

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Smartphones Work From Home Bank Hyperscale Private Equity Software Advertising Services Commercial Bank Electronics Insurance Broker Insurance Brokerage Integrated Circuits Mining Natural Gas Operating System Payment Processing

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers

Keywords: Real Estate Investment Trust Private Equity Mortgage Loan Structured Finance Business Development Mortgage Backed Security Loan Mezzanine Capital Debt Real Estate Properties Residential Mortgage Backed Security Senior Debt Venture Capital Credit Real Estate Finance Real Estate Mortgage Investment Conduit Refinancing Subordinated Debt Banking Business Development Company