THY vs. BYLD ETF Comparison

Comparison of Agility Shares Dynamic Tactical Income ETF (THY) to iShares Yield Optimized Bond ETF (BYLD)

THY

Agility Shares Dynamic Tactical Income ETF

THY Description

The investment seeks to provide income; a secondary objective of the fund is to limit risk during unfavorable market conditions. The adviser seeks to achieve the fund's investment objectives by investing primarily in exchange traded funds (ETFs); options on ETFs, equities and indices; futures and options that invest in or are otherwise exposed to domestic and foreign high-yield debt instruments (also known as junk bonds), and U.S. or foreign cash equivalents. It may hedge long positions using futures and/or ETFs.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

5,636

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.43

Average Daily Volume

64,798

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	THY	BYLD
30 Days	-0.30%	0.06%
60 Days	-1.43%	-1.25%
90 Days	0.67%	0.51%
12 Months	6.27%	8.88%

1 Overlapping Holdings

	Symbol	Grade	Weight in THY	Weight in BYLD	Overlap
	USHY	A	23.24%	20.23%	20.23%

THY Overweight 2 Positions Relative to BYLD

	Symbol	Grade	Weight
	FALN	A	23.26%
	HYLB	A	23.23%

THY Underweight 5 Positions Relative to BYLD

	Symbol	Grade	Weight
	IGLB	D	-25.45%
	SGOV	A	-24.01%
	EMHY	A	-10.17%
	FLOT	A	-10.11%
	CMBS	C	-9.93%

THY: Top Represented Industries & Keywords

Industries:

Keywords: Bond Corporate Bond Exchange Traded Fund ETF High Yield Debt Exchange Traded Funds Futures Markets Index Fund Ishares Money Market Fund SPDR Swaps

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance