RMIF vs. HYBL ETF Comparison

Comparison of ETF Series Solutions LHA Risk-Managed Income ETF (RMIF) to SPDR Blackstone High Income ETF (HYBL)

RMIF

ETF Series Solutions LHA Risk-Managed Income ETF

RMIF Description

The fund is an actively-managed "fund of funds" and seeks to achieve its investment objective by investing primarily in other investment companies, including other actively managed exchange-traded funds ("ETFs") and index-based ETFs (collectively, "Underlying Investments"), that provide exposure to a broad range of fixed income asset classes. The fund may also invest in cash, cash equivalents, or money market funds.

Grade (RS Rating)

Last Trade

$25.13

Average Daily Volume

2,420

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

HYBL

SPDR Blackstone High Income ETF

HYBL Description

SPDR Blackstone High Income ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is co-managed by SSGA Funds Management, Inc. and Blackstone Liquid Credit Strategies LLC. The fund invests in fixed income markets of the United States. The fund invests in high yield corporate bonds, senior loans and debt tranches of U.S. collateralized loan obligations that are rated BB+ or lower by Standard & Poor's Financial Services, LLC or Fitch Inc., Ba1 or lower by Moody's Investors Service, Inc. or equivalent ratings by another nationally recognized statistical rating organization. The fund employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against a composite index comprising of 50% of the ICE BofA US High Yield Constrained Index and 50% of the S&P/LSTA Leveraged Loan Index. The fund employs proprietary research to create its portfolio. SPDR Blackstone High Income ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$28.19

Average Daily Volume

41,970

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	RMIF	HYBL
30 Days	0.72%	0.88%
60 Days	0.78%	2.04%
90 Days	1.74%	2.59%
12 Months		10.55%

1 Overlapping Holdings

	Symbol	Grade	Weight in RMIF	Weight in HYBL	Overlap
	SRLN	A	20.36%	3.41%	3.41%

RMIF Overweight 4 Positions Relative to HYBL

	Symbol	Grade	Weight
	BKLN	A	20.39%
	SJNK	A	20.09%
	FTSL	A	19.47%
	SHYG	A	18.86%

RMIF Underweight 0 Positions Relative to HYBL

	Symbol	Grade	Weight

RMIF: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Indices High Yield Debt iBoxx Asset Backed Security Bank Loans Barclays Blackstone Bond Fund Bond Market Index Corporate Bond Debt Securities Exchange Traded Funds Index Fund Invesco Powershares Loan Mortgage Backed Security Rate Bank Loans

HYBL: Top Represented Industries & Keywords

Industries:

Keywords: Blackstone Bond Market Index Bond Market Indices ETF Exchange Traded Fund State Street Global Advisors iBoxx