BYLD vs. NDOW ETF Comparison

Comparison of iShares Yield Optimized Bond ETF (BYLD) to Anydrus Advantage ETF (NDOW)

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

$22.91

Average Daily Volume

64,452

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

NDOW

Anydrus Advantage ETF

NDOW Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

Grade (RS Rating)

Last Trade

$25.32

Average Daily Volume

7,218

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BYLD	NDOW
30 Days	1.30%	0.73%
60 Days	3.67%	0.75%
90 Days	4.39%	1.68%
12 Months	12.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in BYLD	Weight in NDOW	Overlap

BYLD Overweight 6 Positions Relative to NDOW

	Symbol	Grade	Weight
	IGLB	B	26.53%
	SGOV	B	23.52%
	USHY	A	19.93%
	CMBS	B	10.04%
	EMHY	A	9.99%
	FLOT	A	9.9%

BYLD Underweight 10 Positions Relative to NDOW

	Symbol	Grade	Weight
	FLIA	B	-9.17%
	IBTH	A	-8.54%
	VGIT	B	-8.52%
	IEI	B	-7.02%
	XEMD	A	-6.17%
	IDMO	B	-5.09%
	SCHI	A	-5.01%
	BSJS	B	-4.53%
	SCHD	B	-4.12%
	USMV	A	-4.11%

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

NDOW: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Bond ETF Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Market U.S. Government U.S. Treasury Bond Fund Bond Market Indices Convertibles Corporate Bond Dividend Dividend Yield Dow Jones Industrial Average Index Exchange Traded Funds Fixed Income Ftse 100 Index Ftse Group Ftse Italy Index Banks