REM vs. ADFI ETF Comparison

Comparison of iShares Mortgage Real Estate Capped ETF (REM) to Anfield Dynamic Fixed Income ETF (ADFI)

REM

iShares Mortgage Real Estate Capped ETF

REM Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs") that hold U.S. residential and commercial mortgages. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.87

Average Daily Volume

426,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ADFI

Anfield Dynamic Fixed Income ETF

ADFI Description

The investment seeks to provide total return with capital preservation as a secondary objective. The fund is an actively managed ETF that is a fund of funds, meaning that it primarily invests its assets in securities of other ETFs. It normally invests at least 80% of its net assets, including any borrowings for investment purposes, in other unaffiliated ETFs that invest in any facet of the global debt markets, including corporate bonds, U.S. government and agency securities, private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments.

Grade (RS Rating)

Last Trade

$8.48

Average Daily Volume

14,991

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REM	ADFI
30 Days	-1.74%	-1.02%
60 Days	-5.62%	-3.15%
90 Days	-0.59%	-1.76%
12 Months	11.22%	4.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in REM	Weight in ADFI	Overlap

REM Overweight 33 Positions Relative to ADFI

Symbol	Grade	Weight
NLY	D	15.54%
AGNC	C	11.23%
STWD	C	9.72%
RITM	D	8.6%
ABR	C	5.06%
BXMT	C	4.71%
LADR	B	3.13%
ARI	C	3.09%
TWO	D	2.86%
CIM	D	2.81%
RC	D	2.76%
PMT	D	2.71%
MFA	D	2.67%
FBRT	C	2.51%
EFC	D	2.42%
RWT	D	2.22%
DX	B	2.2%
ARR	D	2.18%
BRSP	C	1.9%
KREF	D	1.59%
CMTG	D	1.34%
ORC	C	1.33%
NYMT	D	1.28%
TRTX	B	1.25%
IVR	D	0.95%
ACRE	B	0.9%
REFI	A	0.64%
GPMT	B	0.41%
AFCG	D	0.39%
SEVN	C	0.39%
NREF	A	0.33%
AOMR	F	0.26%
SUNS	B	0.2%

REM Underweight 4 Positions Relative to ADFI

Symbol	Grade	Weight
GOVT	D	-24.25%
PHB	B	-20.3%
MBB	D	-16.77%
IEF	F	-13.5%