SMHB vs. AMID ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Argent Mid Cap ETF (AMID)

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

$5.73

Average Daily Volume

33,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$34.74

Average Daily Volume

7,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	AMID
30 Days	-4.90%	-1.11%
60 Days	0.46%	-0.43%
90 Days	-1.37%	5.40%
12 Months	22.79%	36.76%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in AMID	Overlap

SMHB Overweight 90 Positions Relative to AMID

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

SMHB Underweight 37 Positions Relative to AMID

Symbol	Grade	Weight
FICO	B	-6.35%
CTAS	B	-3.69%
CDW	F	-3.59%
BLDR	F	-3.54%
CPRT	D	-3.33%
DHI	D	-3.28%
HCA	D	-3.08%
HLI	A	-3.02%
FTNT	B	-2.96%
IT	C	-2.86%
MEDP	F	-2.76%
VCTR	A	-2.72%
BAH	A	-2.7%
CBZ	B	-2.59%
BLD	F	-2.59%
MUSA	C	-2.46%
URI	B	-2.41%
ADUS	D	-2.31%
A	D	-2.26%
ICFI	B	-2.21%
AFG	D	-2.21%
CG	B	-2.06%
LPLA	A	-1.91%
TPX	F	-1.82%
OMF	A	-1.79%
AME	A	-1.78%
SCI	A	-1.68%
TTEK	B	-1.64%
ENTG	D	-1.61%
CHDN	B	-1.56%
GDDY	A	-1.54%
LNG	A	-1.53%
PATK	F	-1.44%
ABG	C	-1.42%
MOH	D	-1.35%
EXPO	D	-1.12%
AX	B	-0.95%

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