HDLB vs. OCFS ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to Professionally Managed Portfolios Otter Creek Focus Strategy ETF (OCFS)

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$14.60

Average Daily Volume

2,345

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OCFS

Professionally Managed Portfolios Otter Creek Focus Strategy ETF

OCFS Description

The fund is an actively-managed ETF that invests in U.S.-listed equity securities of small- and mid-capitalization companies. The fund invests primarily in publicly traded stocks of U.S. companies which the Advisor considers to have a small to mid-size market capitalization. The fund may invest up to 20% of its total assets in U.S. dollar denominated foreign equity securities, including through American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") issued by U.S. depository banks, which are traded on U.S. exchanges.

Grade (RS Rating)

Last Trade

$27.20

Average Daily Volume

4,590

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	OCFS
30 Days	4.34%	3.92%
60 Days	10.89%	7.36%
90 Days	29.55%	12.11%
12 Months	71.68%

0 Overlapping Holdings

	Symbol	Grade	Weight in HDLB	Weight in OCFS	Overlap

HDLB Overweight 37 Positions Relative to OCFS

Symbol	Grade	Weight
PFE	D	13.4%
ABBV	A	9.8%
VZ	A	9.25%
T	A	8.79%
GILD	A	5.14%
IBM	B	5.12%
PM	C	3.83%
DUK	A	3.27%
MO	D	3.18%
SO	A	2.94%
D	A	2.76%
AEP	C	2.58%
O	A	2.51%
VICI	C	1.93%
KHC	D	1.93%
ED	A	1.85%
ETR	A	1.73%
SRE	A	1.71%
PPL	A	1.48%
K	B	1.47%
NLY	C	1.43%
FE	B	1.42%
EIX	A	1.34%
IP	C	1.22%
MPW	C	1.04%
AGNC	C	1.03%
NI	A	0.91%
PNW	A	0.78%
WPC	C	0.76%
WU	D	0.73%
ARCC	A	0.46%
GLPI	A	0.44%
OGE	A	0.43%
STAG	D	0.4%
FSK	A	0.25%
KD	F	0.14%
ONL	D	0.07%

HDLB Underweight 10 Positions Relative to OCFS

Symbol	Grade	Weight
BWIN	B	-7.27%
VRT	B	-6.54%
PSN	A	-5.86%
COHR	B	-5.14%
PWR	B	-4.78%
DT	C	-4.55%
AZPN	C	-4.43%
LHX	A	-4.29%
TTEK	B	-4.23%
GLW	B	-4.15%