SMHB vs. ECLN ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to First Trust EIP Carbon Impact ETF (ECLN)

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

39,542

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.91

Average Daily Volume

6,963

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	ECLN
30 Days	-2.85%	5.02%
60 Days	-7.38%	6.04%
90 Days	0.84%	11.17%
12 Months	17.62%	32.70%

1 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in ECLN	Overlap
	DTM	B	3.81%	4.65%	3.81%

SMHB Overweight 89 Positions Relative to ECLN

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

SMHB Underweight 40 Positions Relative to ECLN

Symbol	Grade	Weight
AEP	D	-5.39%
D	C	-3.71%
XEL	A	-3.71%
PPL	B	-3.53%
SRE	A	-3.46%
DTE	C	-3.39%
DUK	C	-3.37%
VST	B	-3.13%
PEG	A	-3.13%
CQP	B	-2.95%
NFG	A	-2.92%
ETR	B	-2.83%
CWEN	C	-2.78%
AEE	A	-2.74%
EVRG	A	-2.49%
AES	F	-2.31%
TRGP	B	-2.29%
WMB	A	-2.16%
OGS	A	-2.04%
ATO	A	-2.03%
WEC	A	-1.99%
PWR	A	-1.96%
FLR	B	-1.9%
IDA	A	-1.79%
J	F	-1.76%
CMS	C	-1.56%
LNT	A	-1.51%
LNG	B	-1.1%
SO	D	-0.93%
CEG	D	-0.93%
OGE	B	-0.64%
WTRG	B	-0.62%
NEP	F	-0.59%
GNRC	B	-0.55%
CPK	A	-0.46%
NEE	D	-0.45%
CNP	B	-0.43%
AWK	D	-0.35%
EIX	B	-0.18%
NJR	A	-0.18%

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