CEFD vs. BLV ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Vanguard Long-Term Bond ETF (BLV)

CEFD

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.

Grade (RS Rating)

Last Trade

$20.10

Average Daily Volume

1,979

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$70.23

Average Daily Volume

641,994

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	BLV
30 Days	-0.56%	-1.41%
60 Days	0.87%	-6.48%
90 Days	3.80%	-5.20%
12 Months	28.80%	6.65%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in BLV	Overlap

CEFD Overweight 99 Positions Relative to BLV

Symbol	Grade	Weight
EVV	D	2.63%
BDJ	B	2.39%
HYT	A	2.19%
BTZ	D	2.16%
NXDT	F	1.9%
AWF	C	1.83%
DSL	C	1.77%
JQC	A	1.66%
BXMX	A	1.65%
EMD	C	1.5%
WIW	D	1.37%
BHK	C	1.3%
QQQX	B	1.26%
BOE	A	1.23%
BCX	C	1.2%
HIO	B	1.19%
JPC	A	1.18%
RA	C	1.17%
GHY	B	1.16%
BGY	C	1.09%
CII	B	1.07%
HIX	A	1.01%
BIT	D	1.01%
EOS	A	1.0%
IGD	A	0.98%
EFT	A	0.95%
HTD	A	0.94%
BST	B	0.92%
BLW	C	0.92%
EAD	C	0.9%
ISD	C	0.88%
LDP	D	0.84%
FFC	D	0.83%
EFR	A	0.82%
FRA	B	0.82%
TEI	D	0.75%
PHK	C	0.75%
EOI	A	0.73%
MIN	D	0.71%
EHI	C	0.71%
NBB	D	0.71%
MCR	C	0.7%
PDT	C	0.69%
DIAX	A	0.69%
PPT	D	0.67%
WIA	D	0.66%
MMT	C	0.64%
GOF	A	0.64%
JPI	D	0.63%
BKT	D	0.62%
PFN	A	0.59%
JGH	B	0.59%
FCT	A	0.58%
ERC	C	0.57%
HPS	D	0.55%
HYI	B	0.55%
DFP	D	0.55%
BME	D	0.54%
BGT	B	0.49%
HPI	D	0.47%
PHD	A	0.44%
BGH	B	0.44%
FTF	C	0.43%
GBAB	F	0.42%
HYB	B	0.39%
EVG	D	0.38%
IDE	A	0.38%
DHF	A	0.38%
PHT	C	0.38%
TSI	D	0.37%
ETB	A	0.37%
FT	A	0.37%
STK	A	0.37%
DHY	B	0.36%
HPF	D	0.36%
MSD	C	0.34%
INSI	D	0.34%
FFA	A	0.32%
DBL	D	0.31%
GDO	D	0.31%
PSF	D	0.31%
VBF	D	0.3%
BGR	A	0.3%
PIM	D	0.3%
PFL	C	0.29%
IGA	A	0.29%
OPP	D	0.29%
SPXX	B	0.27%
FLC	D	0.24%
MCN	D	0.24%
CIK	C	0.24%
WEA	B	0.22%
FAM	B	0.21%
VLT	C	0.19%
MGF	D	0.19%
VGI	D	0.18%
HEQ	C	0.18%
GNT	C	0.14%
JLS	C	0.14%

CEFD Underweight 342 Positions Relative to BLV

Symbol	Grade	Weight
WIT	B	-1.44%
MDT	D	-0.05%
COST	A	-0.04%
FITB	B	-0.04%
HPE	B	-0.04%
WY	F	-0.04%
EQH	C	-0.04%
ALLY	C	-0.04%
CARR	C	-0.04%
DD	C	-0.04%
DELL	B	-0.04%
HPQ	B	-0.03%
NUE	C	-0.03%
SCCO	F	-0.03%
TAP	C	-0.03%
CRM	B	-0.03%
HAL	C	-0.03%
BHP	F	-0.03%
AVGO	D	-0.03%
CSCO	B	-0.03%
AMZN	C	-0.03%
PYPL	B	-0.02%
TEL	B	-0.02%
CF	A	-0.02%
AXP	A	-0.02%
CME	B	-0.02%
OHI	C	-0.02%
LEA	F	-0.02%
MDLZ	F	-0.02%
VMC	B	-0.02%
BHF	C	-0.02%
FANG	C	-0.02%
AJG	A	-0.02%
EBAY	D	-0.02%
GPN	B	-0.02%
WU	F	-0.02%
WHR	B	-0.02%
MAR	A	-0.02%
ADI	D	-0.02%
ICE	C	-0.02%
VLO	C	-0.02%
CAG	F	-0.02%
GOOGL	C	-0.02%
GM	C	-0.02%
BIIB	F	-0.02%
BABA	D	-0.02%
FOXA	A	-0.02%
NVDA	B	-0.02%
PSX	C	-0.02%
VTRS	A	-0.02%
GSK	F	-0.02%
AAPL	C	-0.02%
MS	A	-0.02%
AMGN	F	-0.02%
ABBV	F	-0.02%
CPT	B	-0.01%
VTR	B	-0.01%
STLD	B	-0.01%
WPC	C	-0.01%
RPM	A	-0.01%
PECO	A	-0.01%
DOC	C	-0.01%
SCHW	B	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
AGO	B	-0.01%
AES	F	-0.01%
CHD	A	-0.01%
ADC	A	-0.01%
AAT	B	-0.01%
BEN	C	-0.01%
CACC	D	-0.01%
HIW	C	-0.01%
JD	D	-0.01%
FRT	B	-0.01%
FNF	B	-0.01%
REG	A	-0.01%
AVA	A	-0.01%
CHI	A	-0.01%
UDR	B	-0.01%
SWX	B	-0.01%
TJX	A	-0.01%
SIGI	C	-0.01%
DT	D	-0.01%
EXR	C	-0.01%
DRI	B	-0.01%
XYL	D	-0.01%
MKC	C	-0.01%
OPI	F	-0.01%
PDM	D	-0.01%
K	A	-0.01%
JNPR	D	-0.01%
IDA	A	-0.01%
DGX	A	-0.01%
MAA	B	-0.01%
LXP	D	-0.01%
KRC	B	-0.01%
KSS	F	-0.01%
WELL	A	-0.01%
WTRG	B	-0.01%
WEST	C	-0.01%
ORI	A	-0.01%
OC	A	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
MSI	B	-0.01%
KIM	A	-0.01%
HON	C	-0.01%
INGR	C	-0.01%
EQIX	A	-0.01%
EOG	A	-0.01%
FTV	C	-0.01%
DOV	A	-0.01%
CAH	B	-0.01%
ALB	B	-0.01%
BWA	D	-0.01%
AFL	B	-0.01%
AFG	A	-0.01%
CFG	B	-0.01%
APTV	F	-0.01%
CPB	D	-0.01%
COO	D	-0.01%
UAL	A	-0.01%
VOYA	B	-0.01%
VMI	B	-0.01%
STE	D	-0.01%
SNA	A	-0.01%
ROK	C	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
ZBH	C	-0.01%
NOV	C	-0.01%
NNN	C	-0.01%
NDAQ	A	-0.01%
OGE	A	-0.01%
LHX	C	-0.01%
LH	B	-0.01%
NXPI	D	-0.01%
IVZ	B	-0.01%
HRL	D	-0.01%
HOG	D	-0.01%
JEF	A	-0.01%
HAS	D	-0.01%
L	A	-0.01%
ESS	B	-0.01%
DG	F	-0.01%
FE	C	-0.01%
EE	A	-0.01%
EA	A	-0.01%
FMC	D	-0.01%
CMI	A	-0.01%
AVB	B	-0.01%
CL	D	-0.01%
CINF	A	-0.01%
UNM	A	-0.01%
PKG	A	-0.01%
PFG	D	-0.01%
REGN	F	-0.01%
SPGI	C	-0.01%
EG	C	-0.01%
SYK	B	-0.01%
SWK	D	-0.01%
VRSK	A	-0.01%
STZ	D	-0.01%
PEG	A	-0.01%
AON	A	-0.01%
WEC	A	-0.01%
ATO	A	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
ADM	D	-0.01%
ACGL	C	-0.01%
ARE	F	-0.01%
CTS	C	-0.01%
DTE	C	-0.01%
EVRG	A	-0.01%
FIS	C	-0.01%
ETN	A	-0.01%
ALL	A	-0.01%
AWK	C	-0.01%
HIG	B	-0.01%
IFF	D	-0.01%
JCI	B	-0.01%
KMB	C	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EL	F	-0.01%
KDP	F	-0.01%
HUM	C	-0.01%
MLM	C	-0.01%
OTIS	C	-0.01%
NEE	C	-0.01%
LNC	C	-0.01%
OKE	A	-0.01%
LIN	C	-0.01%
OGS	A	-0.01%
O	C	-0.01%
MCO	B	-0.01%
PPL	A	-0.01%
XEL	A	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
TRV	B	-0.01%
PNW	A	-0.01%
PLD	F	-0.01%
SJM	D	-0.01%
RSG	A	-0.01%
RPRX	D	-0.01%
SHW	B	-0.01%
PG	C	-0.01%
TT	A	-0.01%
CMS	C	-0.01%
BKH	A	-0.01%
APD	A	-0.01%
CCI	C	-0.01%
AMAT	F	-0.01%
CP	F	-0.01%
TGT	F	-0.01%
GD	D	-0.01%
CNP	A	-0.01%
EMN	C	-0.01%
DE	B	-0.01%
IPG	D	-0.01%
IP	A	-0.01%
JBLU	F	-0.01%
GWW	B	-0.01%
NI	A	-0.01%
PAA	B	-0.01%
MKL	A	-0.01%
MRO	B	-0.01%
ITW	B	-0.01%
HSY	F	-0.01%
WRB	A	-0.01%
WM	B	-0.01%
WLK	D	-0.01%
LNT	A	-0.01%
KR	B	-0.01%
EQNR	C	-0.01%
EIX	B	-0.01%
ED	C	-0.01%
ECL	D	-0.01%
D	C	-0.01%
CVX	A	-0.01%
GIS	D	-0.01%
KOF	F	-0.01%
KLAC	F	-0.01%
NKE	F	-0.01%
MMC	B	-0.01%
NEM	D	-0.01%
NSC	B	-0.01%
WBA	F	-0.01%
LRCX	F	-0.01%
LLY	F	-0.01%
MCD	D	-0.01%
ZTS	D	-0.01%
LYB	F	-0.01%
TMO	F	-0.01%
PM	B	-0.01%
PH	A	-0.01%
RJF	A	-0.01%
AMT	C	-0.01%
UPS	C	-0.01%
DVN	F	-0.01%
CSX	C	-0.01%
EXC	C	-0.01%
DOW	F	-0.01%
BSX	A	-0.01%
ETR	B	-0.01%
HES	B	-0.01%
DHR	F	-0.01%
MPC	D	-0.01%
GLW	B	-0.01%
MMM	D	-0.01%
MUFG	B	-0.01%
PEP	F	-0.01%
SBUX	A	-0.01%
SPG	A	-0.01%
SRE	A	-0.01%
PHM	D	-0.01%
PGR	A	-0.01%
MET	A	-0.01%
AIG	B	-0.01%
ET	A	-0.01%
FDX	B	-0.01%
MRK	D	-0.01%
WMB	A	-0.01%
LMT	D	-0.01%
SYY	D	-0.01%
PRU	A	-0.01%
CAT	B	-0.01%
TXN	C	-0.01%
TSN	B	-0.01%
KO	D	-0.01%
EPD	A	-0.01%
MPLX	A	-0.01%
WMT	A	-0.01%
BDX	F	-0.01%
C	A	-0.01%
GILD	C	-0.01%
INTC	C	-0.01%
LOW	C	-0.01%
SO	C	-0.01%
MA	B	-0.01%
UNH	B	-0.01%
CB	C	-0.01%
DUK	C	-0.01%
JNJ	C	-0.01%
HCA	F	-0.01%
KMI	A	-0.01%
ABT	B	-0.01%
DIS	B	-0.01%
MO	A	-0.01%
QCOM	F	-0.01%
UNP	C	-0.01%
CI	D	-0.01%
COP	C	-0.01%
NOC	D	-0.01%
IBM	C	-0.01%
RTX	D	-0.01%
V	A	-0.01%
AZN	F	-0.01%
XOM	B	-0.01%
VOD	F	-0.01%
BMY	B	-0.01%
JPM	A	-0.01%
TMUS	B	-0.01%
HSBC	A	-0.01%
HD	B	-0.01%
ORCL	A	-0.01%
PCG	A	-0.01%
CMCSA	B	-0.01%
CHTR	C	-0.01%
PFE	F	-0.01%
VZ	C	-0.01%
WFC	A	-0.01%
BAC	A	-0.01%
BA	F	-0.01%
MSFT	D	-0.01%
T	A	-0.01%
GS	A	-0.01%
CVS	D	-0.01%
GE	D	-0.01%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management