EMLP vs. SMHB ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.66

Average Daily Volume

158,878

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

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	SMHB
30 Days	9.70%	-9.80%
60 Days	12.94%	-10.51%
90 Days	16.05%	-1.80%
12 Months	41.78%	14.54%

4 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in SMHB	Overlap
AROC	A	0.57%	0.53%	0.53%
DTM	A	4.56%	3.81%	3.81%
HESM	B	0.62%	0.59%	0.59%
PAGP	A	4.53%	1.88%	1.88%

EMLP Overweight 47 Positions Relative to SMHB

Symbol	Grade	Weight
EPD	A	8.77%
ET	A	7.17%
OKE	A	5.41%
KMI	A	4.87%
SRE	A	4.15%
MPLX	A	3.98%
TRGP	A	3.47%
NFG	A	2.89%
WMB	A	2.46%
PPL	A	2.43%
PEG	A	2.29%
AEP	C	2.27%
PWR	A	2.24%
ATO	A	1.61%
LNG	A	1.6%
AES	F	1.46%
LNT	A	1.43%
VST	A	1.34%
ETR	B	1.28%
SUN	B	1.24%
DTE	C	1.22%
XEL	A	1.15%
FLR	B	1.14%
CQP	B	1.05%
OGS	A	1.02%
WEC	A	1.01%
CMS	C	0.97%
EVRG	A	0.82%
CNP	A	0.81%
D	C	0.76%
WLKP	A	0.76%
DUK	C	0.69%
NEP	F	0.58%
IDA	A	0.52%
CWEN	C	0.52%
WTRG	B	0.51%
NEE	C	0.46%
SO	C	0.45%
NJR	A	0.44%
AEE	A	0.28%
CEG	C	0.26%
CPK	A	0.24%
USAC	B	0.11%
EXC	C	0.09%
UGI	C	0.08%
AWK	C	0.05%
ENLC	A	0.0%

EMLP Underweight 86 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
BXMT	C	-3.43%
DSS	F	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	C	-2.41%
BGS	F	-2.41%
SBRA	C	-2.38%
EPR	C	-2.34%
ABR	C	-2.21%
APAM	B	-2.02%
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	C	-1.35%
MFA	D	-1.27%
RWT	D	-1.24%
CTRE	C	-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	C	-0.94%
NYMT	C	-0.93%
LTC	B	-0.91%
DX	B	-0.89%
KREF	C	-0.8%
VGR	B	-0.79%
NWBI	B	-0.77%
GBDC	D	-0.73%
CODI	B	-0.72%
VNOM	A	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	B	-0.64%
LADR	B	-0.62%
TSLX	C	-0.62%
UVV	B	-0.54%
OCSL	F	-0.54%
GMRE	F	-0.5%
ILPT	F	-0.49%
BRSP	C	-0.49%
WSR	A	-0.46%
ALX	D	-0.45%
GTY	A	-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	B	-0.29%
TRTX	C	-0.29%
TCPC	C	-0.27%
AHH	D	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	B	-0.23%
PFLT	D	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	C	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
PNNT	C	-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