FXED vs. BIZD ETF Comparison

Comparison of Sound Enhanced Fixed Income ETF (FXED) to Market Vectors BDC Income ETF (BIZD)

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.75

Average Daily Volume

7,622

Number of Holdings ^*

24

* may have additional holdings in another (foreign) market

BIZD

Market Vectors BDC Income ETF

BIZD Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The BDC Index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

Grade (RS Rating)

Last Trade

$16.48

Average Daily Volume

618,961

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	FXED	BIZD
30 Days	-1.83%	0.00%
60 Days	-2.03%	2.88%
90 Days	0.36%	4.33%
12 Months	12.47%	9.81%

6 Overlapping Holdings

	Symbol	Grade	Weight in FXED	Weight in BIZD	Overlap
	ARCC	A	3.35%	22.03%	3.35%
	BXSL	A	1.06%	8.65%	1.06%
	GBDC	D	2.87%	4.7%	2.87%
	HTGC	D	3.47%	4.56%	3.47%
	PFLT	D	2.77%	1.56%	1.56%
	TSLX	C	2.54%	3.6%	2.54%

FXED Overweight 18 Positions Relative to BIZD

	Symbol	Grade	Weight
	AWF	C	2.86%
	CMSD	C	2.29%
	SPG	A	2.19%
	SOJD	D	2.09%
	PCY	C	2.07%
	HYEM	A	1.98%
	T	A	1.95%
	VICI	C	1.41%
	WHF	F	1.25%
	OHI	C	1.12%
	PLYM	F	1.12%
	O	C	1.11%
	PINE	C	1.0%
	NNN	C	0.69%
	NHI	D	0.55%
	PK	C	0.55%
	APLE	B	0.41%
	GLPI	C	0.33%

FXED Underweight 15 Positions Relative to BIZD

	Symbol	Grade	Weight
	FSK	A	-9.57%
	MAIN	A	-4.76%
	PSEC	D	-3.02%
	GSBD	F	-2.68%
	CSWC	D	-2.06%
	NMFC	D	-1.99%
	BBDC	A	-1.74%
	CGBD	C	-1.58%
	TCPC	C	-1.44%
	TRIN	A	-1.44%
	FDUS	A	-1.3%
	BCSF	C	-1.21%
	SLRC	A	-1.21%
	CION	C	-1.17%
	GAIN	B	-0.96%

FXED: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Retail Other REIT - Healthcare Facilities REIT - Hotel & Motel REIT - Industrial Specialty Finance Telecom Services

Keywords: Real Estate Investment Trust Business Development ETF Exchange Traded Fund Private Equity S&P 500 Venture Capital Business Development Company Mezzanine Capital Real Estate Market Assisted Living Batteries Bond Debt Debt Financing Equity Global Management Equity Real Estate Investment Trust Golub Capital Leveraged Buyout Loan

BIZD: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Business Development Private Equity Mezzanine Capital Venture Capital Loan Business Development Company Credit Debt Refinancing Senior Debt Second Lien Loan Subordinated Debt Aerospace Beverage Chemical Golub Capital Healthcare Service Leveraged Buyout Bankruptcy Capital Structure