CEFD vs. PFLD ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to AAM Low Duration Preferred and Income Securities ETF (PFLD)

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

$20.15

Average Daily Volume

2,018

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFLD

AAM Low Duration Preferred and Income Securities ETF

PFLD Description

The investment seeks to track the total return performance, before fees and expenses, of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$21.06

Average Daily Volume

143,072

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	PFLD
30 Days	-0.39%	0.00%
60 Days	2.35%	-0.28%
90 Days	8.45%	2.40%
12 Months	35.72%	8.80%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in PFLD	Overlap

CEFD Overweight 99 Positions Relative to PFLD

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

CEFD Underweight 41 Positions Relative to PFLD

Symbol	Grade	Weight
TBB	D	-1.97%
TBC	D	-1.26%
SREA	D	-1.16%
CMSD	D	-0.97%
AGNC	C	-0.89%
PRS	C	-0.86%
CHSCL	A	-0.85%
CHSCM	D	-0.78%
DUKB	D	-0.77%
QRTEP	D	-0.74%
FITBI	A	-0.72%
BAC	A	-0.69%
CHSCN	C	-0.68%
SOJC	D	-0.67%
RZB	C	-0.62%
AQNB	C	-0.56%
ESGRP	C	-0.53%
AGNCN	A	-0.52%
UNMA	D	-0.47%
MGR	D	-0.46%
WTFCP	A	-0.45%
CMSC	C	-0.43%
NRUC	D	-0.38%
DDT	A	-0.32%
CMSA	D	-0.31%
FCNCO	D	-0.3%
SLMBP	C	-0.29%
TVE	C	-0.29%
NYMTM	A	-0.28%
AFGD	A	-0.23%
ZIONO	A	-0.23%
NYMTN	D	-0.22%
WTFCM	A	-0.2%
NYMTL	A	-0.2%
AFGB	D	-0.19%
VLYPP	A	-0.18%
BPOPM	D	-0.16%
ENO	C	-0.16%
RILYN	C	-0.15%
VLYPO	C	-0.15%
FATBP	F	-0.11%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management