HFND vs. BYLD ETF Comparison

Comparison of Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) to iShares Yield Optimized Bond ETF (BYLD)

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.25

Average Daily Volume

7,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.42

Average Daily Volume

62,695

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFND	BYLD
30 Days	-0.29%	-1.62%
60 Days	0.82%	-0.22%
90 Days	3.95%	0.54%
12 Months	10.30%	10.38%

1 Overlapping Holdings

	Symbol	Grade	Weight in HFND	Weight in BYLD	Overlap
	CMBS	C	3.48%	9.98%	3.48%

HFND Overweight 8 Positions Relative to BYLD

Symbol	Grade	Weight
BKLN	A	4.83%
ICVT	A	4.38%
IGHG	A	2.52%
VFMO	B	2.0%
VTWO	B	1.49%
PFF	C	0.28%
VMBS	C	-0.8%
XLRE	D	-1.21%

HFND Underweight 5 Positions Relative to BYLD

Symbol	Grade	Weight
IGLB	D	-25.52%
SGOV	A	-24.0%
USHY	A	-20.14%
EMHY	A	-10.15%
FLOT	A	-10.11%