DFHY vs. BYLD ETF Comparison

Comparison of TrimTabs Donoghue Forlines Tactical High Yield ETF (DFHY) to iShares Yield Optimized Bond ETF (BYLD)

DFHY

TrimTabs Donoghue Forlines Tactical High Yield ETF

DFHY Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Tactical High Yield Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to exchange-traded funds (ETFs) that investment primarily in high yield debt instruments.

Grade (RS Rating)

Last Trade

$21.26

Average Daily Volume

2,744

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.43

Average Daily Volume

64,547

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	DFHY	BYLD
30 Days	-0.64%	0.27%
60 Days	-1.30%	-1.01%
90 Days	-0.07%	-0.07%
12 Months	9.24%	8.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in DFHY	Weight in BYLD	Overlap
	USHY	B	22.72%	20.23%	20.23%

DFHY Overweight 4 Positions Relative to BYLD

	Symbol	Grade	Weight
	HYLB	A	9.0%
	SJNK	A	6.6%
	FALN	B	6.49%
	ANGL	B	5.93%

DFHY Underweight 5 Positions Relative to BYLD

	Symbol	Grade	Weight
	IGLB	D	-25.4%
	SGOV	B	-24.01%
	EMHY	A	-10.2%
	FLOT	A	-10.11%
	CMBS	C	-9.95%

DFHY: Top Represented Industries & Keywords

Industries:

Keywords: Bond Exchange Traded Fund Corporate Bond ETF High Yield Debt Index Fund Barclays Bond Market Indices Exchange Traded Funds Futures Markets Ishares Money Market Fund SPDR Swaps

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance