SMHB vs. KONG ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Formidable Fortress ETF (KONG)

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

$6.26

Average Daily Volume

38,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KONG

Formidable Fortress ETF

KONG Description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.

Grade (RS Rating)

Last Trade

$26.38

Average Daily Volume

2,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	KONG
30 Days	-0.23%	-3.72%
60 Days	6.23%	-2.61%
90 Days	6.83%	0.50%
12 Months	66.47%	8.57%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in KONG	Overlap

SMHB Overweight 91 Positions Relative to KONG

Symbol	Grade	Weight
SLG	A	4.87%
XRX	F	4.09%
DTM	B	3.81%
BXMT	F	3.43%
DSS	F	2.87%
TWO	A	2.87%
CIM	C	2.62%
ETRN	A	2.49%
BDN	A	2.41%
BGS	B	2.41%
SBRA	B	2.38%
EPR	C	2.34%
ABR	B	2.21%
APAM	C	2.02%
PAGP	B	1.88%
UNIT	B	1.86%
UWMC	B	1.84%
ARR	C	1.65%
NHI	A	1.64%
ORC	B	1.51%
CCOI	F	1.51%
PSEC	F	1.47%
IVR	B	1.43%
DEA	B	1.35%
PMT	A	1.35%
MFA	B	1.27%
RWT	C	1.24%
CTRE	A	1.16%
PETS	F	1.13%
MAIN	A	1.09%
HTGC	A	1.03%
ARI	F	1.02%
GNL	C	1.01%
FCPT	B	1.0%
EFC	B	1.0%
PDM	A	0.99%
GSBD	B	0.94%
NEWT	D	0.94%
NYMT	F	0.93%
LTC	A	0.91%
DX	B	0.89%
KREF	D	0.8%
VGR	F	0.79%
NWBI	D	0.77%
GBDC	A	0.73%
CODI	D	0.72%
VNOM	B	0.65%
SCS	C	0.65%
RC	D	0.65%
ACRE	D	0.64%
LADR	A	0.62%
TSLX	B	0.62%
HESM	D	0.59%
UVV	B	0.54%
OCSL	B	0.54%
AROC	A	0.53%
GMRE	D	0.5%
ILPT	B	0.49%
BRSP	F	0.49%
WSR	B	0.46%
ALX	B	0.45%
GTY	B	0.44%
OPI	D	0.4%
RMR	A	0.38%
NMFC	B	0.38%
UHT	C	0.36%
GPMT	F	0.34%
CSWC	A	0.34%
GOOD	A	0.33%
FSP	F	0.29%
TRTX	A	0.29%
TCPC	C	0.27%
AHH	B	0.27%
CGBD	A	0.25%
BCSF	A	0.24%
TPVG	F	0.23%
PFLT	B	0.23%
SLRC	A	0.23%
UVE	B	0.22%
BBDC	A	0.22%
KRO	A	0.2%
EBF	C	0.18%
GAIN	A	0.17%
PNNT	B	0.16%
OLP	A	0.16%
FDUS	A	0.16%
GLAD	B	0.15%
BFS	B	0.14%
TRIN	B	0.12%
CCAP	A	0.1%
REPX	F	0.07%

SMHB Underweight 30 Positions Relative to KONG

Symbol	Grade	Weight
EME	A	-4.17%
ADM	C	-3.98%
TPL	B	-3.96%
GNTX	D	-3.83%
CHE	F	-3.58%
CPT	A	-3.51%
NDSN	C	-3.42%
GGG	F	-3.42%
SPGI	C	-3.31%
CSCO	F	-3.3%
CTRA	B	-3.29%
JKHY	D	-3.27%
IBKR	A	-3.21%
ADP	D	-3.18%
JNJ	D	-3.17%
UTHR	A	-3.16%
RS	D	-3.14%
DOX	F	-3.01%
WST	F	-2.99%
MNST	F	-2.97%
PSA	D	-2.96%
CTSH	F	-2.91%
RHI	F	-2.91%
GLPI	F	-2.84%
VRTX	C	-2.69%
REGN	C	-2.64%
MKTX	D	-2.58%
FAST	C	-2.39%
SNA	D	-2.31%
ERIE	C	-2.05%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential 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