CRED vs. SMHB ETF Comparison

Comparison of Columbia Research Enhanced Real Estate ETF (CRED) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$23.63

Average Daily Volume

686

Number of Holdings ^*

* 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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	CRED	SMHB
30 Days	-1.32%	-2.85%
60 Days	-1.75%	-7.38%
90 Days	3.00%	0.84%
12 Months	25.86%	17.62%

12 Overlapping Holdings

Symbol	Grade	Weight in CRED	Weight in SMHB	Overlap
AHH	D	0.17%	0.27%	0.17%
BDN	C	0.16%	2.41%	0.16%
CTRE	D	0.73%	1.16%	0.73%
EPR	D	0.77%	2.34%	0.77%
GMRE	F	0.11%	0.5%	0.11%
GNL	F	0.31%	1.01%	0.31%
ILPT	D	0.02%	0.49%	0.02%
OPI	F	0.01%	0.4%	0.01%
PDM	D	0.27%	0.99%	0.27%
SBRA	C	0.76%	2.38%	0.76%
UNIT	B	0.22%	1.86%	0.22%
WSR	A	0.12%	0.46%	0.12%

CRED Overweight 58 Positions Relative to SMHB

Symbol	Grade	Weight
AMT	D	10.98%
SPG	B	7.67%
EQIX	A	7.18%
CCI	D	6.96%
DLR	B	6.22%
O	D	5.9%
IRM	D	3.91%
AVB	B	3.32%
MAA	B	3.18%
DOC	D	2.75%
SBAC	D	2.68%
INVH	D	2.5%
WY	D	2.39%
LAMR	D	1.93%
GLPI	C	1.81%
AMH	D	1.7%
BXP	D	1.51%
BRX	A	1.45%
OHI	C	1.36%
SUI	D	1.31%
HST	C	1.27%
CUBE	D	1.2%
KRG	B	1.01%
STAG	F	0.96%
FR	C	0.92%
KRC	C	0.87%
NNN	D	0.85%
RHP	B	0.85%
CUZ	B	0.83%
HIW	D	0.78%
VNO	B	0.64%
APLE	B	0.64%
NSA	D	0.63%
PECO	A	0.61%
EPRT	B	0.54%
RYN	D	0.51%
OUT	A	0.51%
LXP	D	0.49%
MPW	F	0.47%
BNL	D	0.43%
MAC	B	0.43%
PK	B	0.4%
CDP	C	0.39%
SKT	B	0.39%
PCH	D	0.36%
DEI	B	0.33%
UE	C	0.28%
XHR	B	0.2%
RLJ	C	0.19%
DRH	B	0.19%
JBGS	D	0.18%
SHO	C	0.17%
UMH	C	0.14%
ESRT	C	0.13%
PEB	D	0.12%
INN	D	0.09%
PGRE	F	0.08%
HPP	F	0.07%

CRED Underweight 78 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%
BGS	F	-2.41%
ABR	C	-2.21%
APAM	B	-2.02%
PAGP	A	-1.88%
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%
PETS	C	-1.13%
MAIN	A	-1.09%
HTGC	D	-1.03%
ARI	C	-1.02%
FCPT	C	-1.0%
EFC	C	-1.0%
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%
BRSP	B	-0.49%
ALX	D	-0.45%
GTY	B	-0.44%
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%
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%

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