CEFS vs. RDFI ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to Rareview Dynamic Fixed Income ETF (RDFI)

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$22.10

Average Daily Volume

47,063

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

RDFI

Rareview Dynamic Fixed Income ETF

RDFI Description

The investment seeks total return with an emphasis on providing current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.10

Average Daily Volume

11,801

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	RDFI
30 Days	-0.64%	-0.89%
60 Days	0.77%	-3.03%
90 Days	4.35%	-0.36%
12 Months	29.02%	14.17%

6 Overlapping Holdings

Symbol	Grade	Weight in CEFS	Weight in RDFI	Overlap
EDD	D	1.35%	4.99%	1.35%
NPFD	A	0.83%	5.58%	0.83%
PDX	A	3.35%	4.34%	3.35%
RA	C	0.21%	2.43%	0.21%
VKQ	C	0.41%	1.34%	0.41%
VMO	D	0.23%	1.99%	0.23%

CEFS Overweight 99 Positions Relative to RDFI

Symbol	Grade	Weight
BIGZ	A	12.12%
ASA	D	8.22%
BCAT	A	5.82%
ADX	A	5.52%
BFZ	D	5.03%
ASGI	A	4.03%
ENX	A	3.8%
NQP	C	3.12%
GDV	B	3.0%
NXJ	D	3.0%
HQL	D	2.89%
EVM	C	2.23%
BSTZ	B	2.22%
BMEZ	D	2.16%
HQH	D	2.13%
GRX	D	1.86%
AFB	D	1.8%
VTN	A	1.76%
MHI	C	1.68%
TEAF	D	1.66%
LGI	D	1.56%
VPV	C	1.25%
NFJ	B	1.2%
ECF	A	1.16%
FMN	D	1.1%
KSM	F	1.09%
NTG	A	1.07%
EMO	A	1.04%
LEO	D	1.03%
AOD	D	1.02%
VGM	C	1.0%
PGZ	D	0.85%
JRI	A	0.84%
MAV	C	0.84%
NBH	D	0.76%
DMF	C	0.66%
IHD	D	0.65%
CEV	D	0.64%
GAM	B	0.58%
DSM	D	0.56%
CXE	D	0.47%
HYB	A	0.46%
BOE	B	0.39%
VCV	D	0.39%
IDE	A	0.32%
NDP	A	0.32%
DMB	D	0.3%
PCK	D	0.26%
TWN	D	0.22%
PEO	A	0.22%
CPZ	C	0.22%
EOD	C	0.19%
GNT	C	0.18%
TTP	A	0.15%
FGB	A	0.13%
AGD	D	0.13%
MPA	D	0.11%
CMU	C	0.1%
CXH	A	0.09%
ERH	C	0.09%
MFD	C	0.08%
TYG	A	0.06%
GLO	C	0.05%
NML	A	0.05%
HEQ	C	0.03%
PNI	D	0.03%
IGA	A	0.03%
GLV	C	0.03%
MFM	D	0.02%
MUJ	D	0.02%
DIAX	A	0.02%
KYN	A	0.02%
SBI	C	0.02%
GLQ	C	0.01%
MVT	D	0.01%
GF	F	0.01%
MUC	D	0.01%
BTT	C	0.01%
MYN	D	0.01%
NAC	D	0.01%
MXE	F	0.01%
BCV	A	0.01%
PFO	D	0.01%
ETW	B	0.0%
NAN	C	0.0%
NMT	B	0.0%
MUE	C	0.0%
MIY	C	0.0%
BNY	D	0.0%
BHV	D	0.0%
NOM	C	0.0%
RMT	B	0.0%
VFL	D	0.0%
IIF	D	0.0%
NAZ	B	0.0%
BGY	D	0.0%
SWZ	D	0.0%
MHN	D	0.0%
PYN	D	0.0%

CEFS Underweight 24 Positions Relative to RDFI

Symbol	Grade	Weight
HIO	C	-4.22%
EMD	C	-3.84%
ZROZ	D	-3.78%
TEI	D	-3.61%
NZF	C	-3.4%
FPF	D	-3.19%
NAD	C	-2.71%
CARY	C	-2.66%
BTZ	D	-2.65%
EAD	C	-2.56%
NVG	D	-2.36%
BLE	D	-2.11%
FTF	C	-1.95%
NEA	C	-1.91%
EMB	C	-1.86%
MMU	C	-1.83%
ERC	C	-1.69%
IQI	D	-1.65%
HIX	A	-1.35%
MYD	D	-1.3%
EHI	C	-1.29%
GHY	B	-1.23%
MBB	D	-1.02%
IIM	D	-0.26%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other

RDFI: Top Represented Industries & Keywords

Industries: Asset Management