CEFD vs. FMCX ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to FMC Excelsior Focus Equity ETF (FMCX)

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

$20.22

Average Daily Volume

1,947

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.39

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	FMCX
30 Days	1.25%	3.30%
60 Days	1.17%	4.89%
90 Days	4.45%	8.18%
12 Months	29.61%	26.68%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in FMCX	Overlap

CEFD Overweight 99 Positions Relative to FMCX

Symbol	Grade	Weight
EVV	C	2.63%
BDJ	C	2.39%
HYT	A	2.19%
BTZ	C	2.16%
NXDT	D	1.9%
AWF	C	1.83%
DSL	B	1.77%
JQC	A	1.66%
BXMX	A	1.65%
EMD	C	1.5%
WIW	D	1.37%
BHK	D	1.3%
QQQX	B	1.26%
BOE	B	1.23%
BCX	C	1.2%
HIO	B	1.19%
JPC	A	1.18%
RA	B	1.17%
GHY	A	1.16%
BGY	B	1.09%
CII	B	1.07%
HIX	B	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	B	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	B	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	C	0.67%
WIA	C	0.66%
MMT	C	0.64%
GOF	A	0.64%
JPI	D	0.63%
BKT	D	0.62%
PFN	B	0.59%
JGH	A	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	B	0.43%
GBAB	F	0.42%
HYB	A	0.39%
EVG	C	0.38%
IDE	C	0.38%
DHF	A	0.38%
PHT	B	0.38%
TSI	D	0.37%
ETB	A	0.37%
FT	A	0.37%
STK	A	0.37%
DHY	A	0.36%
HPF	D	0.36%
MSD	C	0.34%
INSI	D	0.34%
FFA	A	0.32%
DBL	C	0.31%
GDO	F	0.31%
PSF	D	0.31%
VBF	D	0.3%
BGR	A	0.3%
PIM	C	0.3%
PFL	C	0.29%
IGA	A	0.29%
OPP	C	0.29%
SPXX	A	0.27%
FLC	D	0.24%
MCN	C	0.24%
CIK	C	0.24%
WEA	B	0.22%
FAM	B	0.21%
VLT	B	0.19%
MGF	D	0.19%
VGI	C	0.18%
HEQ	B	0.18%
GNT	C	0.14%
JLS	C	0.14%

CEFD Underweight 52 Positions Relative to FMCX

Symbol	Grade	Weight
AAPL	C	-6.93%
UNH	C	-6.84%
KKR	A	-6.14%
IAC	D	-5.35%
AMZN	C	-5.01%
GDDY	A	-4.98%
MSFT	F	-4.79%
LBRDK	C	-4.24%
LSXMK	D	-4.22%
GGG	B	-3.98%
PYPL	B	-3.9%
MTCH	D	-3.18%
LSXMA	D	-1.79%
GOOGL	C	-1.77%
LBRDA	C	-1.74%
PG	A	-1.3%
PM	B	-1.21%
YUM	B	-1.18%
CMCSA	B	-1.13%
MCD	D	-1.12%
AMGN	D	-1.11%
KEYS	A	-1.06%
VUSB	A	-0.92%
ICSH	A	-0.92%
GILD	C	-0.87%
CL	D	-0.85%
MO	A	-0.84%
ENTG	D	-0.82%
ARWR	F	-0.72%
NKE	D	-0.68%
HON	B	-0.6%
DHR	F	-0.55%
GOOG	C	-0.5%
BAX	D	-0.47%
YUMC	C	-0.42%
MUSA	A	-0.4%
SPGI	C	-0.37%
MTX	B	-0.33%
KEX	C	-0.33%
EQR	B	-0.3%
JPM	A	-0.3%
MUR	D	-0.25%
V	A	-0.21%
FWONK	B	-0.21%
BKNG	A	-0.19%
FLWS	F	-0.15%
GD	F	-0.13%
BATRK	C	-0.11%
PNR	A	-0.1%
FWONA	B	-0.05%
VMEO	B	-0.03%
BATRA	F	-0.02%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management