HDLB vs. RDIV ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to RevenueShares Ultra Dividend Fund (RDIV)

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

RDIV

RevenueShares Ultra Dividend Fund

RDIV Description

The investment seeks to outperform the total return performance of the S&P 900Â® Index, the fund's benchmark index (the "benchmark index"). The fund will invest at least 80% of its net assets in the securities of companies included in the benchmark index. The index is constructed by identifying the top 60 securities from the benchmark index with the highest average of the 1-year trailing dividend yields for the current quarter and each of the past three quarters, which are then re-weighted according to the revenue earned by the companies, subject to certain asset diversification requirements and a maximum 5% per company weighting. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.20

Average Daily Volume

40,037

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	RDIV
30 Days	-6.33%	-2.75%
60 Days	3.08%	3.98%
90 Days	0.73%	3.45%
12 Months	5.41%	14.66%

12 Overlapping Holdings

Symbol	Grade	Weight in HDLB	Weight in RDIV	Overlap
D	A	2.76%	2.85%	2.76%
DUK	A	3.27%	4.47%	3.27%
EIX	A	1.34%	2.66%	1.34%
ETR	A	1.73%	2.07%	1.73%
IP	F	1.22%	2.75%	1.22%
KHC	A	1.93%	4.15%	1.93%
O	A	2.51%	0.56%	0.56%
OGE	A	0.43%	0.44%	0.43%
PFE	F	13.4%	4.47%	4.47%
PM	A	3.83%	5.0%	3.83%
PNW	A	0.78%	0.76%	0.76%
VICI	D	1.93%	0.47%	0.47%

HDLB Overweight 25 Positions Relative to RDIV

Symbol	Grade	Weight
ABBV	D	9.8%
VZ	D	9.25%
T	C	8.79%
GILD	F	5.14%
IBM	D	5.12%
MO	A	3.18%
SO	A	2.94%
AEP	A	2.58%
ED	A	1.85%
SRE	B	1.71%
PPL	A	1.48%
K	A	1.47%
NLY	B	1.43%
FE	A	1.42%
MPW	C	1.04%
AGNC	C	1.03%
NI	A	0.91%
WPC	F	0.76%
WU	B	0.73%
ARCC	A	0.46%
GLPI	F	0.44%
STAG	D	0.4%
FSK	A	0.25%
KD	D	0.14%
ONL	D	0.07%

HDLB Underweight 47 Positions Relative to RDIV

Symbol	Grade	Weight
F	B	-5.64%
C	A	-5.52%
LYB	B	-5.2%
DOW	B	-5.18%
BBY	D	-4.94%
PNC	A	-4.87%
USB	C	-4.66%
WHR	F	-2.72%
ALLY	A	-2.56%
VTRS	C	-2.18%
JWN	B	-2.14%
AMCR	D	-2.06%
FITB	A	-1.94%
CFG	A	-1.85%
UGI	A	-1.71%
HBAN	A	-1.64%
RF	B	-1.34%
BEN	D	-1.11%
TROW	C	-0.95%
CCI	F	-0.94%
HAS	A	-0.92%
EVRG	A	-0.87%
IVZ	F	-0.85%
FHN	B	-0.7%
SMG	B	-0.62%
TNL	B	-0.62%
ZION	B	-0.61%
SNV	C	-0.46%
BKH	A	-0.4%
SR	A	-0.4%
VLY	F	-0.34%
JHG	B	-0.33%
LAMR	B	-0.33%
EXR	D	-0.3%
ALE	A	-0.29%
ASB	B	-0.29%
KIM	D	-0.24%
NWE	A	-0.23%
UBSI	D	-0.2%
BRX	C	-0.18%
FRT	A	-0.17%
DTM	A	-0.16%
CUBE	D	-0.15%
AIRC	A	-0.14%
CUZ	B	-0.12%
NNN	C	-0.12%
ADC	B	-0.07%