HDLB vs. CANE ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to Teucrium Sugar Fund ETV (CANE)

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$11.30

Average Daily Volume

1,694

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CANE

Teucrium Sugar Fund ETV

CANE Description

The investment seeks to replicate, net of expenses, the performance of ICE Sugar Futures Contracts. The fund seeks to have the daily changes in percentage terms of the shares' net asset value (NAV) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for sugar that are traded on ICE Futures US, specifically: (1) the second-to-expire Sugar No. 11 Futures Contract, weighted 35%, (2) the third-to-expire Sugar No. 11 Futures Contract, weighted 30%, and (3) the Sugar No. 11 Futures Contract expiring in the March following the expiration month of the third-to-expire contract, weighted 35%.

Grade (RS Rating)

Last Trade

$11.76

Average Daily Volume

23,888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	CANE
30 Days	-6.33%	-11.78%
60 Days	3.08%	-12.37%
90 Days	0.73%	-15.08%
12 Months	5.41%	-15.09%

1 Overlapping Holdings

	Symbol	Grade	Weight in HDLB	Weight in CANE	Overlap
	T	C	8.79%	10.96%	8.79%

HDLB Overweight 36 Positions Relative to CANE

Symbol	Grade	Weight
PFE	F	13.4%
ABBV	D	9.8%
VZ	D	9.25%
GILD	F	5.14%
IBM	D	5.12%
PM	A	3.83%
DUK	A	3.27%
MO	A	3.18%
SO	A	2.94%
D	A	2.76%
AEP	A	2.58%
O	A	2.51%
VICI	D	1.93%
KHC	A	1.93%
ED	A	1.85%
ETR	A	1.73%
SRE	B	1.71%
PPL	A	1.48%
K	A	1.47%
NLY	B	1.43%
FE	A	1.42%
EIX	A	1.34%
IP	F	1.22%
MPW	C	1.04%
AGNC	C	1.03%
NI	A	0.91%
PNW	A	0.78%
WPC	F	0.76%
WU	B	0.73%
ARCC	A	0.46%
GLPI	F	0.44%
OGE	A	0.43%
STAG	D	0.4%
FSK	A	0.25%
KD	D	0.14%
ONL	D	0.07%

HDLB Underweight 1 Positions Relative to CANE

	Symbol	Grade	Weight
	HUM	F	-10.96%