PWER vs. SMHB ETF Comparison

Comparison of Macquarie Energy Transition ETF (PWER) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

PWER

Macquarie Energy Transition ETF

PWER Description

The ETF seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of securities in the energy, materials, industrial, renewable energy, and utilities sectors that meet the fund"s investment criteria.

Grade (RS Rating)

Last Trade

$28.25

Average Daily Volume

616

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.68

Average Daily Volume

36,067

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PWER	SMHB
30 Days	-2.75%	-3.85%
60 Days	4.80%	-7.17%
90 Days	1.73%	4.86%
12 Months		16.77%

0 Overlapping Holdings

	Symbol	Grade	Weight in PWER	Weight in SMHB	Overlap

PWER Overweight 23 Positions Relative to SMHB

Symbol	Grade	Weight
CF	B	5.67%
FSLR	F	5.31%
AA	C	5.24%
MP	C	4.2%
GNRC	B	4.18%
RUN	F	4.05%
BKR	B	4.02%
APD	B	3.64%
COP	C	2.96%
SLB	C	2.85%
EQT	B	2.42%
CHRD	F	2.0%
PR	C	1.98%
MTUS	C	1.94%
ENPH	F	1.94%
VLO	D	1.73%
MPC	D	1.68%
STLD	B	1.05%
FLNC	D	1.05%
EOG	A	1.01%
DAR	B	1.0%
OXY	D	0.83%
LEU	C	0.69%

PWER Underweight 90 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	C	-4.87%
XRX	F	-4.09%
DTM	B	-3.81%
BXMT	D	-3.43%
DSS	F	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	D	-2.41%
BGS	F	-2.41%
SBRA	C	-2.38%
EPR	D	-2.34%
ABR	B	-2.21%
APAM	B	-2.02%
PAGP	D	-1.88%
UNIT	C	-1.86%
UWMC	F	-1.84%
ARR	C	-1.65%
NHI	D	-1.64%
ORC	C	-1.51%
CCOI	C	-1.51%
PSEC	F	-1.47%
IVR	D	-1.43%
DEA	D	-1.35%
PMT	D	-1.35%
MFA	D	-1.27%
RWT	D	-1.24%
CTRE	C	-1.16%
PETS	C	-1.13%
MAIN	A	-1.09%
HTGC	C	-1.03%
ARI	D	-1.02%
GNL	D	-1.01%
FCPT	C	-1.0%
EFC	C	-1.0%
PDM	D	-0.99%
GSBD	F	-0.94%
NEWT	B	-0.94%
NYMT	F	-0.93%
LTC	B	-0.91%
DX	C	-0.89%
KREF	D	-0.8%
VGR	B	-0.79%
NWBI	B	-0.77%
GBDC	B	-0.73%
CODI	B	-0.72%
VNOM	C	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	C	-0.64%
LADR	B	-0.62%
TSLX	C	-0.62%
HESM	D	-0.59%
UVV	B	-0.54%
OCSL	D	-0.54%
AROC	B	-0.53%
GMRE	D	-0.5%
ILPT	D	-0.49%
BRSP	B	-0.49%
WSR	A	-0.46%
ALX	D	-0.45%
GTY	B	-0.44%
OPI	F	-0.4%
RMR	F	-0.38%
NMFC	D	-0.38%
UHT	D	-0.36%
GPMT	C	-0.34%
CSWC	D	-0.34%
GOOD	B	-0.33%
FSP	C	-0.29%
TRTX	C	-0.29%
TCPC	C	-0.27%
AHH	D	-0.27%
CGBD	D	-0.25%
BCSF	A	-0.24%
TPVG	C	-0.23%
PFLT	D	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	B	-0.22%
KRO	D	-0.2%
EBF	D	-0.18%
GAIN	B	-0.17%
PNNT	B	-0.16%
OLP	B	-0.16%
FDUS	A	-0.16%
GLAD	A	-0.15%
BFS	C	-0.14%
TRIN	A	-0.12%
CCAP	C	-0.1%
REPX	B	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers