IYLD vs. HFND ETF Comparison

Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

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

$20.16

Average Daily Volume

15,274

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.79

Average Daily Volume

7,183

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	IYLD	HFND
30 Days	-0.65%	1.65%
60 Days	-1.63%	2.50%
90 Days	-0.36%	3.86%
12 Months	10.24%	11.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in IYLD	Weight in HFND	Overlap
	PFF	C	15.38%	0.38%	0.38%

IYLD Overweight 10 Positions Relative to HFND

	Symbol	Grade	Weight
	FLOT	A	15.24%
	USHY	B	15.21%
	ISTB	C	15.08%
	ILF	F	10.04%
	EFV	D	8.97%
	CEMB	C	5.03%
	AGZ	C	5.01%
	LEMB	F	4.91%
	USRT	B	3.34%
	REET	C	1.7%

IYLD Underweight 8 Positions Relative to HFND

	Symbol	Grade	Weight
	BKLN	A	-5.13%
	ICVT	A	-4.02%
	VFMO	A	-3.58%
	CMBS	C	-3.43%
	IGHG	B	-2.71%
	VTWO	B	-1.62%
	VMBS	C	--0.42%
	XLRE	C	--1.1%

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Real Estate Investment Trust U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Epra Index European Public Real Estate Association Futures Markets Investment Trust

HFND: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Mortgage Backed Security Stock Market Index Structured Finance Active Management Barclays Bond Market Index Bond Market Indices Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Convertibles Corporate Bond Equity Derivative Index Fund Invesco Powershares