HDLB vs. FXR ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to First Trust Industrials AlphaDEX (FXR)

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

$14.07

Average Daily Volume

2,031

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXR

First Trust Industrials AlphaDEX

FXR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Industrials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the industrials and producer durables sectors that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.96

Average Daily Volume

65,311

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	FXR
30 Days	6.47%	4.05%
60 Days	13.30%	4.85%
90 Days	22.14%	9.28%
12 Months	50.90%	31.83%

1 Overlapping Holdings

	Symbol	Grade	Weight in HDLB	Weight in FXR	Overlap
	WU	F	0.73%	0.66%	0.66%

HDLB Overweight 36 Positions Relative to FXR

Symbol	Grade	Weight
PFE	D	13.4%
ABBV	C	9.8%
VZ	B	9.25%
T	C	8.79%
GILD	B	5.14%
IBM	A	5.12%
PM	C	3.83%
DUK	B	3.27%
MO	D	3.18%
SO	A	2.94%
D	B	2.76%
AEP	C	2.58%
O	C	2.51%
VICI	C	1.93%
KHC	C	1.93%
ED	C	1.85%
ETR	A	1.73%
SRE	B	1.71%
PPL	B	1.48%
K	A	1.47%
NLY	B	1.43%
FE	C	1.42%
EIX	C	1.34%
IP	C	1.22%
MPW	C	1.04%
AGNC	B	1.03%
NI	B	0.91%
PNW	B	0.78%
WPC	C	0.76%
ARCC	B	0.46%
GLPI	C	0.44%
OGE	B	0.43%
STAG	D	0.4%
FSK	A	0.25%
KD	D	0.14%
ONL	C	0.07%

HDLB Underweight 133 Positions Relative to FXR

Symbol	Grade	Weight
BLDR	C	-1.46%
HWM	B	-1.44%
G	C	-1.42%
ALSN	B	-1.35%
HEI	A	-1.35%
TTEK	C	-1.35%
GPN	D	-1.34%
SNDR	C	-1.32%
GPK	B	-1.31%
AXP	B	-1.3%
FIX	A	-1.3%
TT	A	-1.28%
SON	D	-1.26%
EME	A	-1.25%
GTES	C	-1.25%
SNA	C	-1.25%
BC	C	-1.24%
PWR	B	-1.23%
CNH	D	-1.19%
MDU	B	-1.18%
BAH	B	-1.17%
FICO	B	-1.17%
SYF	C	-1.15%
SLGN	B	-1.11%
EXP	B	-1.1%
PCAR	D	-1.09%
OC	C	-1.09%
AGCO	D	-1.08%
OSK	D	-1.07%
AL	D	-1.06%
BERY	C	-1.06%
URI	B	-1.04%
TDY	C	-1.04%
R	B	-1.02%
LII	B	-1.01%
AAON	A	-1.0%
MIDD	D	-1.0%
FOUR	C	-1.0%
TDG	B	-0.99%
DE	B	-0.99%
HII	D	-0.99%
GE	A	-0.99%
SPR	D	-0.97%
AYI	A	-0.97%
DOV	B	-0.96%
KNX	D	-0.95%
TXT	D	-0.95%
CSL	B	-0.94%
WCC	D	-0.93%
MSM	D	-0.93%
COF	A	-0.93%
FDX	F	-0.9%
MLM	D	-0.89%
ADTN	D	-0.86%
AXON	A	-0.84%
PYPL	B	-0.82%
CTAS	C	-0.8%
LPX	B	-0.79%
PNR	B	-0.79%
PKG	B	-0.77%
ATI	C	-0.76%
AWI	B	-0.74%
JBHT	D	-0.73%
BWXT	C	-0.7%
SSD	C	-0.7%
CAT	B	-0.69%
VRSK	D	-0.69%
CSX	D	-0.68%
RHI	D	-0.67%
DCI	D	-0.67%
DOW	D	-0.66%
KEX	C	-0.66%
AOS	D	-0.66%
XPO	D	-0.66%
BLD	D	-0.65%
CACC	F	-0.63%
MKSI	F	-0.59%
LMT	B	-0.58%
NVT	D	-0.57%
CCK	A	-0.57%
VNT	F	-0.57%
PH	A	-0.55%
ALLE	C	-0.55%
MAS	B	-0.55%
CNM	F	-0.54%
AMCR	C	-0.53%
ATR	B	-0.51%
BALL	C	-0.51%
JKHY	C	-0.5%
CMI	C	-0.5%
ESAB	C	-0.49%
GGG	C	-0.49%
FCN	C	-0.48%
WSC	D	-0.48%
ITT	B	-0.48%
AZEK	C	-0.47%
PPG	D	-0.47%
LFUS	C	-0.46%
GXO	D	-0.46%
FTV	C	-0.46%
IEX	D	-0.46%
UPS	F	-0.45%
EEFT	D	-0.45%
LECO	F	-0.44%
WMS	D	-0.42%
RTX	C	-0.27%
HAYW	C	-0.26%
ACN	C	-0.26%
HUBB	A	-0.25%
KEYS	C	-0.25%
UNP	C	-0.25%
GWW	A	-0.25%
RPM	B	-0.25%
RRX	C	-0.25%
CW	A	-0.25%
GD	B	-0.24%
ITW	C	-0.24%
WAB	A	-0.24%
JCI	B	-0.24%
NDSN	C	-0.24%
EXPD	C	-0.23%
AME	C	-0.23%
DD	B	-0.23%
LHX	C	-0.23%
J	C	-0.23%
WWD	C	-0.22%
SEE	D	-0.22%
FLS	D	-0.22%
HON	D	-0.22%
LSTR	F	-0.22%
EMR	D	-0.21%
MSA	D	-0.21%
SAIA	D	-0.2%