SMHB vs. LSAT ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

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

$6.16

Average Daily Volume

36,681

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$36.99

Average Daily Volume

12,905

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	LSAT
30 Days	2.98%	-2.84%
60 Days	6.20%	4.09%
90 Days	-2.87%	5.70%
12 Months	50.97%	21.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in LSAT	Overlap

SMHB Overweight 91 Positions Relative to LSAT

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

SMHB Underweight 30 Positions Relative to LSAT

Symbol	Grade	Weight
PPC	A	-3.63%
FOX	A	-3.54%
MPC	B	-3.43%
POST	A	-3.41%
SRE	B	-3.41%
DE	B	-3.4%
VLO	B	-3.37%
DD	A	-3.36%
EBAY	A	-3.34%
NXST	D	-3.34%
CNC	C	-3.34%
HRB	D	-3.33%
VST	A	-3.31%
DINO	C	-3.3%
JEF	B	-3.29%
ARW	A	-3.28%
EXPD	D	-3.28%
MAR	C	-3.26%
JNJ	F	-3.26%
CMCSA	F	-3.25%
TDC	D	-3.24%
LH	F	-3.23%
ADTN	F	-3.21%
HLT	C	-3.18%
NSA	D	-3.17%
BMY	F	-3.16%
TNL	B	-3.14%
SPB	C	-3.14%
MTG	C	-3.11%
DKS	A	-3.05%

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