HAWX vs. CEFD ETF Comparison

Comparison of iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) to ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)

HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

HAWX Description

The iShares Currency Hedged MSCI ACWI ex U.S. ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging equities while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.

Grade (RS Rating)

Last Trade

$32.60

Average Daily Volume

26,213

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$20.00

Average Daily Volume

1,960

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HAWX	CEFD
30 Days	-1.96%	-0.91%
60 Days	0.80%	0.32%
90 Days	1.96%	4.37%
12 Months	17.89%	28.53%

0 Overlapping Holdings

	Symbol	Grade	Weight in HAWX	Weight in CEFD	Overlap

HAWX Overweight 6 Positions Relative to CEFD

Symbol	Grade	Weight
ACWX	D	98.12%
HKD	F	0.0%
SGD	F	0.0%
CNH	C	0.0%
IDR	C	0.0%
NOK	D	0.0%

HAWX Underweight 99 Positions Relative to CEFD

Symbol	Grade	Weight
EVV	C	-2.63%
BDJ	B	-2.39%
HYT	A	-2.19%
BTZ	D	-2.16%
NXDT	F	-1.9%
AWF	D	-1.83%
DSL	C	-1.77%
JQC	A	-1.66%
BXMX	A	-1.65%
EMD	C	-1.5%
WIW	C	-1.37%
BHK	D	-1.3%
QQQX	B	-1.26%
BOE	B	-1.23%
BCX	D	-1.2%
HIO	C	-1.19%
JPC	A	-1.18%
RA	C	-1.17%
GHY	B	-1.16%
BGY	D	-1.09%
CII	B	-1.07%
HIX	A	-1.01%
BIT	C	-1.01%
EOS	A	-1.0%
IGD	A	-0.98%
EFT	A	-0.95%
HTD	A	-0.94%
BST	B	-0.92%
BLW	C	-0.92%
EAD	C	-0.9%
ISD	C	-0.88%
LDP	C	-0.84%
FFC	D	-0.83%
EFR	A	-0.82%
FRA	A	-0.82%
TEI	D	-0.75%
PHK	B	-0.75%
EOI	A	-0.73%
MIN	C	-0.71%
EHI	C	-0.71%
NBB	D	-0.71%
MCR	D	-0.7%
PDT	C	-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	B	-0.59%
JGH	B	-0.59%
FCT	A	-0.58%
ERC	C	-0.57%
HPS	D	-0.55%
HYI	C	-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	C	-0.43%
GBAB	D	-0.42%
HYB	A	-0.39%
EVG	C	-0.38%
IDE	A	-0.38%
DHF	A	-0.38%
PHT	C	-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	D	-0.34%
INSI	D	-0.34%
FFA	A	-0.32%
DBL	D	-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	D	-0.24%
WEA	A	-0.22%
FAM	B	-0.21%
VLT	C	-0.19%
MGF	D	-0.19%
VGI	C	-0.18%
HEQ	C	-0.18%
GNT	C	-0.14%
JLS	C	-0.14%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management