IFRA vs. AMND ETF Comparison

Comparison of iShares U.S. Infrastructure ETF (IFRA) to ETRACS Alerian Midstream Energy High Dividend Index ETN (AMND)

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.72

Average Daily Volume

250,648

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN

AMND Description

The investment seeks a return linked to the performance of the Alerian Midstream Energy Dividend Index (the ?index?). The index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The securities do not have a minimum payment at maturity, upon redemption or upon call and are fully exposed to any decline in the index. The payment investors receive on the securities at maturity, early redemption or upon exercise by UBS of its call right will depend on the performance of the index, as measured by the Current Principal Amount.

Grade (RS Rating)

Last Trade

$44.18

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IFRA	AMND
30 Days	5.50%	4.53%
60 Days	7.12%	5.00%
90 Days	13.23%	11.16%
12 Months	22.12%	26.86%

6 Overlapping Holdings

Symbol	Grade	Weight in IFRA	Weight in AMND	Overlap
AM	A	0.72%	1.54%	0.72%
ENLC	C	0.69%	0.65%	0.65%
ETRN	B	0.88%	0.93%	0.88%
KMI	A	0.73%	8.82%	0.73%
OKE	A	0.71%	6.54%	0.71%
WMB	A	0.73%	7.72%	0.73%

IFRA Overweight 148 Positions Relative to AMND

Symbol	Grade	Weight
VST	B	1.03%
NRG	B	0.93%
MGEE	B	0.87%
NEE	A	0.87%
AGR	A	0.81%
CENX	B	0.81%
CRS	B	0.8%
CEG	B	0.79%
D	B	0.79%
PEG	A	0.78%
SO	A	0.78%
ALE	B	0.78%
TPC	A	0.77%
OGS	D	0.76%
EVRG	B	0.76%
DUK	B	0.76%
IDA	B	0.76%
CWT	B	0.76%
AVA	B	0.76%
PNW	B	0.76%
EIX	A	0.75%
DTM	A	0.75%
POR	B	0.75%
NI	A	0.75%
XEL	C	0.75%
ED	A	0.75%
OGE	A	0.74%
CPK	C	0.74%
CNP	B	0.74%
PPL	A	0.74%
FE	A	0.74%
ETR	B	0.74%
AWK	C	0.74%
KNTK	A	0.74%
ARTNA	C	0.74%
WTRG	B	0.74%
BKH	B	0.74%
PCG	B	0.73%
ATO	C	0.73%
CMS	B	0.73%
WEC	B	0.73%
NWE	B	0.73%
LNT	B	0.73%
AEP	B	0.72%
DTE	B	0.72%
SRE	B	0.72%
NWN	C	0.72%
EXC	B	0.72%
ES	C	0.71%
SR	B	0.71%
YORW	C	0.71%
MSEX	C	0.71%
AEE	C	0.71%
UTL	B	0.7%
AWR	C	0.7%
PNM	C	0.7%
SJW	C	0.68%
SLCA	B	0.68%
USLM	A	0.68%
KALU	A	0.67%
AGX	A	0.66%
UNP	B	0.65%
NSC	D	0.63%
TRN	B	0.62%
PRIM	B	0.61%
CSX	D	0.61%
MTZ	C	0.61%
TTEK	B	0.6%
HE	D	0.6%
ATI	B	0.6%
LXFR	C	0.6%
NGVT	C	0.6%
OC	A	0.59%
MDU	C	0.59%
VMI	C	0.59%
LXU	C	0.59%
AESI	B	0.58%
EME	B	0.58%
GVA	A	0.58%
CSL	A	0.58%
APOG	A	0.57%
EMN	B	0.57%
NWPX	B	0.56%
HWKN	C	0.56%
MLI	A	0.56%
WLK	B	0.56%
ECVT	F	0.55%
SWX	C	0.55%
ROAD	C	0.54%
ACM	D	0.54%
KNF	D	0.54%
FLR	D	0.54%
PWR	C	0.54%
MATV	D	0.53%
CMC	B	0.53%
NFE	F	0.53%
STLD	D	0.52%
WMS	B	0.52%
EXP	B	0.52%
MTUS	C	0.52%
OSK	C	0.52%
TEX	C	0.52%
GBX	B	0.51%
HAYN	D	0.51%
LYB	C	0.51%
FIX	B	0.51%
MLM	C	0.51%
J	D	0.51%
ALTG	F	0.51%
TREX	D	0.5%
BLDR	D	0.5%
BLD	C	0.5%
MTRX	D	0.5%
OLN	C	0.5%
APG	D	0.5%
BCC	D	0.5%
VMC	B	0.5%
LPX	A	0.5%
AWI	D	0.49%
OFLX	F	0.49%
WOR	D	0.48%
BWMN	F	0.48%
URI	C	0.48%
AZEK	D	0.48%
SUM	D	0.47%
NVEE	F	0.47%
ROCK	D	0.47%
POOL	D	0.46%
RS	D	0.46%
STRL	B	0.46%
IIIN	D	0.46%
NUE	D	0.46%
LMB	B	0.45%
NVRI	C	0.45%
SSD	D	0.44%
MYRG	D	0.44%
CLF	F	0.43%
ZEUS	F	0.43%
KOP	F	0.42%
ASTE	F	0.41%
ASIX	F	0.41%
HEES	F	0.41%
BXC	D	0.4%
GLDD	B	0.39%
X	F	0.39%
RYI	F	0.36%
XPEL	F	0.31%
CMP	F	0.28%

IFRA Underweight 13 Positions Relative to AMND

Symbol	Grade	Weight
MPLX	C	-10.62%
TRP	C	-10.04%
ENB	B	-9.84%
EPD	B	-9.82%
ET	B	-5.58%
CQP	D	-5.45%
WES	A	-1.94%
PAA	C	-1.88%
KEY	B	-1.14%
NS	D	-0.6%
PAGP	B	-0.51%
TRGP	B	-0.36%
GEL	B	-0.27%

AMND: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Banks - Regional - US