SMHB vs. PFF ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to iShares US Preferred Stock ETF (PFF)

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

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.54

Average Daily Volume

3,365,432

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	PFF
30 Days	-4.90%	-1.82%
60 Days	0.46%	2.09%
90 Days	-1.37%	4.44%
12 Months	22.79%	16.83%

25 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in PFF	Overlap
ABR	B	2.21%	0.07%	0.07%
AHH	D	0.27%	0.1%	0.1%
ARR	D	1.65%	0.09%	0.09%
BFS	D	0.14%	0.06%	0.06%
CIM	D	2.62%	0.09%	0.09%
CODI	D	0.72%	0.06%	0.06%
DX	C	0.89%	0.07%	0.07%
EFC	D	1.0%	0.06%	0.06%
EPR	D	2.34%	0.07%	0.07%
GAIN	B	0.17%	0.08%	0.08%
GNL	D	1.01%	0.06%	0.06%
GPMT	C	0.34%	0.09%	0.09%
IVR	F	1.43%	0.07%	0.07%
KREF	D	0.8%	0.17%	0.17%
MFA	D	1.27%	0.07%	0.07%
NEWT	B	0.94%	0.07%	0.07%
NMFC	F	0.38%	0.08%	0.08%
OPI	F	0.4%	0.06%	0.06%
PMT	D	1.35%	0.07%	0.07%
PSEC	D	1.47%	0.06%	0.06%
RC	F	0.65%	0.05%	0.05%
SLG	B	4.87%	0.12%	0.12%
TRIN	D	0.12%	0.07%	0.07%
TRTX	A	0.29%	0.1%	0.1%
TWO	F	2.87%	0.08%	0.08%

SMHB Overweight 65 Positions Relative to PFF

Symbol	Grade	Weight
XRX	F	4.09%
DTM	A	3.81%
BXMT	C	3.43%
DSS	D	2.87%
BDN	C	2.41%
BGS	C	2.41%
SBRA	B	2.38%
APAM	A	2.02%
PAGP	D	1.88%
UNIT	C	1.86%
UWMC	F	1.84%
NHI	C	1.64%
ORC	D	1.51%
CCOI	B	1.51%
DEA	C	1.35%
RWT	D	1.24%
CTRE	A	1.16%
PETS	C	1.13%
MAIN	B	1.09%
HTGC	C	1.03%
ARI	F	1.02%
FCPT	D	1.0%
PDM	C	0.99%
GSBD	F	0.94%
NYMT	D	0.93%
LTC	A	0.91%
VGR	B	0.79%
NWBI	C	0.77%
GBDC	C	0.73%
VNOM	A	0.65%
SCS	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%
RMR	D	0.38%
UHT	D	0.36%
CSWC	D	0.34%
GOOD	C	0.33%
FSP	A	0.29%
TCPC	F	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%
PNNT	C	0.16%
OLP	C	0.16%
FDUS	C	0.16%
GLAD	B	0.15%
CCAP	C	0.1%
REPX	F	0.07%

SMHB Underweight 198 Positions Relative to PFF

Symbol	Grade	Weight
C	A	-1.7%
ALB	C	-1.27%
NEE	D	-1.14%
HPE	A	-1.07%
T	A	-0.91%
TBB	C	-0.79%
T	A	-0.66%
DUK	C	-0.62%
SOJD	D	-0.57%
TBC	D	-0.52%
SREA	A	-0.47%
RZC	A	-0.46%
NEE	D	-0.43%
APO	B	-0.41%
JPM	A	-0.41%
CMSD	C	-0.39%
SO	C	-0.39%
F	D	-0.38%
MET	C	-0.37%
JXN	B	-0.37%
CHSCO	A	-0.36%
WCC	A	-0.35%
PRS	C	-0.35%
LNC	A	-0.35%
CHSCL	A	-0.34%
SCHW	B	-0.32%
SYF	B	-0.32%
AXS	C	-0.31%
QRTEP	F	-0.31%
BPYPM	B	-0.31%
BANC	B	-0.31%
CHSCM	B	-0.31%
STT	A	-0.31%
DUKB	C	-0.31%
WFC	B	-0.3%
FITBI	A	-0.29%
BTSG	A	-0.29%
UZE	B	-0.28%
USM	B	-0.28%
CTDD	C	-0.28%
CHSCN	A	-0.27%
SOJC	D	-0.27%
TPG	B	-0.26%
NLY	D	-0.26%
CFG	A	-0.25%
KKR	B	-0.25%
GTLS	B	-0.25%
RZB	C	-0.25%
CG	B	-0.25%
MS	B	-0.25%
PFH	D	-0.25%
CHSCP	D	-0.24%
DTW	D	-0.24%
KEY	B	-0.24%
NTRS	B	-0.23%
PBI	A	-0.23%
FG	F	-0.23%
TDS	B	-0.23%
EAI	D	-0.23%
HIG	D	-0.22%
USB	B	-0.22%
ESGRP	B	-0.21%
PRU	B	-0.2%
FCNCA	C	-0.2%
RLJ	F	-0.2%
AGNCN	A	-0.2%
MGR	C	-0.19%
UNMA	D	-0.19%
VOYA	B	-0.19%
ATHS	A	-0.19%
RF	B	-0.19%
ACGLO	C	-0.19%
UMH	D	-0.18%
WTFCP	A	-0.18%
NGL	F	-0.18%
OZKAP	C	-0.17%
ALL	C	-0.17%
CMSC	C	-0.17%
MTB	B	-0.16%
NRUC	C	-0.16%
BHF	B	-0.16%
SR	D	-0.16%
TCBI	B	-0.16%
GPJA	D	-0.16%
FBRT	B	-0.15%
GL	C	-0.15%
EMP	D	-0.15%
TVC	C	-0.15%
RNR	C	-0.15%
HPP	F	-0.15%
NAVI	F	-0.15%
ELC	D	-0.15%
WAL	C	-0.15%
AIZN	C	-0.14%
WAFD	D	-0.14%
EQH	B	-0.14%
PNFP	A	-0.14%
AGNC	D	-0.14%
CMSA	C	-0.13%
SNV	B	-0.13%
VNO	B	-0.13%
SFB	D	-0.13%
FITB	B	-0.13%
DBRG	D	-0.13%
DDT	A	-0.13%
NSA	D	-0.13%
KMI	B	-0.13%
EIX	D	-0.12%
CMS	C	-0.12%
DTE	C	-0.12%
TVE	C	-0.12%
KIM	B	-0.12%
FCNCO	C	-0.12%
GS	B	-0.12%
LBRDP	A	-0.11%
HBAN	B	-0.11%
AUB	C	-0.11%
HWC	A	-0.11%
NYMTM	A	-0.11%
AFGC	C	-0.11%
DLR	A	-0.11%
SLMBP	D	-0.11%
WRB	C	-0.11%
SPLP	F	-0.1%
WSBC	A	-0.1%
FULT	B	-0.1%
RITM	D	-0.1%
SIGI	C	-0.1%
CADE	B	-0.1%
VLY	A	-0.1%
SITC	F	-0.1%
AFGE	C	-0.1%
SF	A	-0.1%
TFC	C	-0.1%
DHC	D	-0.1%
KMPR	B	-0.09%
AMG	A	-0.09%
ADC	C	-0.09%
AFGD	C	-0.09%
SNCR	D	-0.09%
ZIONO	A	-0.09%
BNRE.A	A	-0.09%
AGNCL	A	-0.09%
HTLF	A	-0.08%
FHN	B	-0.08%
NYMTL	A	-0.08%
CFR	B	-0.08%
AFGB	C	-0.08%
LANDO	D	-0.08%
BC	C	-0.08%
QVCD	C	-0.08%
BOH	A	-0.08%
WTFCM	A	-0.08%
MBIN	F	-0.08%
ARGD	D	-0.08%
CTVA	A	-0.08%
FRT	D	-0.08%
CNO	A	-0.08%
NYMTN	A	-0.08%
WBS	B	-0.08%
ACR	C	-0.07%
AMH	F	-0.07%
BPOPM	A	-0.07%
PCG	B	-0.07%
DCOMP	A	-0.07%
SAR	C	-0.07%
PSA	D	-0.07%
FTAI	A	-0.07%
CTO	B	-0.07%
RILY	D	-0.07%
ENO	C	-0.07%
MHNC	A	-0.07%
ONB	A	-0.07%
FCRX	A	-0.07%
MSBI	A	-0.07%
BW	B	-0.07%
DRH	D	-0.07%
REG	D	-0.07%
ATLC	A	-0.07%
VLYPP	B	-0.07%
EQC	C	-0.07%
ASB	A	-0.06%
RILYN	B	-0.06%
LXP	D	-0.06%
PEB	F	-0.06%
COF	A	-0.06%
BAC	B	-0.06%
CNOB	D	-0.06%
CLDT	F	-0.06%
VLYPO	C	-0.06%
MHLA	A	-0.05%
FATBP	F	-0.05%
CIO	D	-0.05%
INN	F	-0.05%
SHO	D	-0.05%
FOSL	A	-0.05%
BHR	D	-0.03%
XELAP	F	-0.0%

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