SMHB vs. MDIV ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV)

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

$6.52

Average Daily Volume

40,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$15.94

Average Daily Volume

92,042

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	MDIV
30 Days	19.42%	4.96%
60 Days	10.67%	3.03%
90 Days	14.27%	4.43%
12 Months	73.22%	18.36%

12 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in MDIV	Overlap
CTRE	C	1.16%	0.77%	0.77%
EPR	C	2.34%	0.98%	0.98%
FCPT	C	1.0%	0.75%	0.75%
GBDC	C	0.73%	0.93%	0.73%
GTY	C	0.44%	0.87%	0.44%
LADR	B	0.62%	1.12%	0.62%
LTC	B	0.91%	1.02%	0.91%
NHI	B	1.64%	1.0%	1.0%
PAGP	D	1.88%	0.73%	0.73%
PMT	A	1.35%	1.5%	1.35%
RC	D	0.65%	1.41%	0.65%
UVV	C	0.54%	0.51%	0.51%

SMHB Overweight 79 Positions Relative to MDIV

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

SMHB Underweight 93 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	B	-19.74%
ARLP	B	-1.55%
IEP	C	-1.48%
BSM	C	-1.25%
KRP	B	-1.19%
NSS	B	-1.18%
DMLP	D	-1.15%
AGNCN	A	-1.06%
DKL	D	-1.04%
CQP	D	-1.04%
ET	B	-0.95%
WES	B	-0.94%
CAPL	F	-0.91%
MPLX	D	-0.9%
GLPI	C	-0.87%
MO	A	-0.86%
USAC	D	-0.84%
GEL	C	-0.78%
PAA	D	-0.77%
CHSCO	B	-0.77%
EPD	B	-0.76%
APLE	F	-0.75%
NRP	C	-0.74%
NNN	B	-0.74%
CHSCL	B	-0.74%
GLP	D	-0.73%
WTFCP	A	-0.72%
ESGRP	B	-0.71%
SPG	C	-0.7%
CHSCN	B	-0.7%
CHSCM	B	-0.69%
VICI	C	-0.68%
LAMR	B	-0.66%
EPRT	B	-0.66%
KIM	C	-0.63%
CHSCP	D	-0.63%
MAA	C	-0.62%
WU	D	-0.62%
BRX	C	-0.6%
CMSD	C	-0.6%
ENLC	B	-0.59%
CUBE	C	-0.57%
T	B	-0.53%
SUN	D	-0.52%
PSA	C	-0.52%
VZ	C	-0.51%
REG	D	-0.51%
OKE	A	-0.49%
NWE	C	-0.47%
PNW	C	-0.47%
NWN	C	-0.46%
EVRG	C	-0.45%
LYB	D	-0.45%
ES	C	-0.44%
EXR	C	-0.44%
BKH	C	-0.44%
SR	C	-0.44%
ALE	B	-0.43%
VCTR	B	-0.43%
PRU	A	-0.43%
CAG	C	-0.43%
CTRA	B	-0.42%
NFG	B	-0.4%
K	B	-0.4%
ETR	A	-0.4%
EIX	A	-0.4%
SO	A	-0.39%
AEP	A	-0.39%
SWX	A	-0.39%
FE	B	-0.39%
DUK	A	-0.39%
UPS	D	-0.38%
PEG	B	-0.38%
OGS	C	-0.38%
BBY	D	-0.38%
EXC	C	-0.37%
TROW	C	-0.37%
CVX	C	-0.37%
FLO	B	-0.37%
NI	B	-0.36%
EMN	C	-0.36%
KMB	C	-0.36%
KHC	D	-0.36%
NJR	C	-0.35%
C	A	-0.35%
MS	B	-0.35%
WEC	B	-0.35%
LNT	B	-0.34%
BMY	F	-0.34%
BEN	F	-0.32%
VTRS	D	-0.32%
GILD	F	-0.29%
NMM	B	-0.12%

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