CEFD vs. QPFF ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to American Century Quality Preferred ETF (QPFF)

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

QPFF

American Century Quality Preferred ETF

QPFF Description

The investment seeks current income and capital appreciation. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets, plus any borrowings for investment purposes, in preferred securities issued by U.S. and non-U.S. companies. Preferred securities in which the fund may invest include preferred stock, hybrid preferred securities that have characteristics similar to both preferred stock and debt securities, floating rate preferred securities, junior subordinated debt, senior unsecured debt obligations denominated in $25 par amounts, re-packaged preferreds, and convertible securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.29

Average Daily Volume

11,803

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	QPFF
30 Days	-0.39%	-1.45%
60 Days	2.35%	-0.04%
90 Days	8.45%	3.61%
12 Months	35.72%	12.73%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in QPFF	Overlap

CEFD Overweight 99 Positions Relative to QPFF

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 14 Positions Relative to QPFF

Symbol	Grade	Weight
NEE	D	-3.63%
MGR	D	-2.32%
TBB	D	-1.77%
TVE	C	-1.69%
T	A	-1.15%
RZB	C	-0.63%
AIZN	C	-0.56%
ACGLO	D	-0.52%
AGNC	C	-0.49%
SFB	D	-0.38%
TVC	D	-0.37%
AFGC	D	-0.37%
AFGD	A	-0.35%
FCNCO	D	-0.27%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management