IYLD vs. CMDT ETF Comparison

Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$19.85

Average Daily Volume

20,301

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$27.17

Average Daily Volume

47,726

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	IYLD	CMDT
30 Days	0.42%	-1.72%
60 Days	0.60%	3.97%
90 Days	2.31%	4.57%
12 Months	9.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in IYLD	Weight in CMDT	Overlap

IYLD Overweight 9 Positions Relative to CMDT

	Symbol	Grade	Weight
	HYG	A	19.8%
	FLOT	A	14.86%
	IGSB	A	14.86%
	PFF	C	14.65%
	DVYE	A	10.41%
	IDV	A	10.27%
	REM	B	5.15%
	LEMB	C	4.98%
	SHY	A	4.94%

IYLD Underweight 1 Positions Relative to CMDT

	Symbol	Grade	Weight
	MINT	A	-7.88%

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Corporate Bond Dividend Yield Index Fund Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Collateralized Debt Obligation Credit Default Swap Index Currency Dividend Dow Jones Industrial Average Index Dynamic Basic Material Sector Intellidex Index Exchange Traded Funds Government Bonds High Yield Debt High Yield Stocks Ishares

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO