GAA vs. HFND ETF Comparison

Comparison of Cambria Global Asset Allocation ETF (GAA) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.23

Average Daily Volume

10,419

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.74

Average Daily Volume

6,994

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	GAA	HFND
30 Days	0.56%	1.11%
60 Days	-0.87%	2.41%
90 Days	1.83%	4.24%
12 Months	14.03%	11.19%

0 Overlapping Holdings

	Symbol	Grade	Weight in GAA	Weight in HFND	Overlap

GAA Overweight 19 Positions Relative to HFND

	Symbol	Grade	Weight
	EYLD	D	9.31%
	PDBC	D	5.72%
	GVAL	D	5.64%
	QMOM	A	5.61%
	VAMO	B	4.66%
	FYLD	D	4.56%
	SYLD	B	4.25%
	BAR	C	4.12%
	HYEM	A	4.01%
	VCIT	C	2.94%
	JPMB	C	2.94%
	SCHP	C	2.63%
	WIP	F	2.25%
	IMOM	D	2.02%
	IHY	C	1.97%
	VGIT	C	1.9%
	VGLT	D	1.82%
	GDX	C	1.08%
	BOXX	A	0.98%

GAA Underweight 9 Positions Relative to HFND

	Symbol	Grade	Weight
	BKLN	A	-4.79%
	ICVT	A	-4.42%
	CMBS	C	-3.41%
	IGHG	A	-2.51%
	VFMO	B	-2.11%
	VTWO	B	-1.59%
	PFF	C	-0.27%
	VMBS	C	--0.78%
	XLRE	C	--1.18%

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government

HFND: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Mortgage Backed Security Stock Market Index Structured Finance Active Management Barclays Bond Market Index Bond Market Indices Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Convertibles Corporate Bond Equity Derivative Index Fund Invesco Powershares