MDIV vs. GYLD ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to Arrow Dow Jones Global Yield ETF ETF (GYLD)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

86,599

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

GYLD

Arrow Dow Jones Global Yield ETF ETF

GYLD Description

The investment seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Dow Jones Global Composite Yield Index (the "underlying index"). The fund uses a "passive" or "indexing" investment approach to seek to track the price and yield performance of the underlying index. It invests at least 80% of its total assets in the component securities of the underlying index (or depositary receipts representing those securities). The underlying index seeks to identify the 150 highest yielding investable securities in the world.

Grade (RS Rating)

Last Trade

$12.85

Average Daily Volume

3,752

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	GYLD
30 Days	1.28%	-4.03%
60 Days	0.73%	-4.60%
90 Days	2.82%	-2.46%
12 Months	17.80%	12.61%

22 Overlapping Holdings

Symbol	Grade	Weight in MDIV	Weight in GYLD	Overlap
ARLP	A	1.41%	0.8%	0.8%
BSM	B	1.28%	0.75%	0.75%
CAPL	C	1.17%	0.71%	0.71%
CQP	B	0.92%	0.77%	0.77%
DKL	C	1.2%	0.69%	0.69%
DMLP	A	1.3%	0.77%	0.77%
ENLC	A	0.51%	0.78%	0.51%
EPD	A	0.82%	0.78%	0.78%
EPR	C	0.99%	0.72%	0.72%
ET	A	0.91%	0.81%	0.81%
GEL	D	0.44%	0.65%	0.44%
GLP	A	0.96%	0.76%	0.76%
IEP	F	1.51%	0.7%	0.7%
IIPR	D	0.71%	0.6%	0.6%
KRP	B	1.27%	0.71%	0.71%
MPLX	A	0.95%	0.83%	0.83%
NRP	B	0.89%	0.0%	0.0%
PAA	B	0.71%	0.71%	0.71%
PAGP	A	0.67%	0.73%	0.67%
SUN	B	0.74%	0.72%	0.72%
USAC	B	1.16%	0.69%	0.69%
WES	C	0.86%	0.71%	0.71%

MDIV Overweight 81 Positions Relative to GYLD

Symbol	Grade	Weight
HYLS	B	20.0%
PMT	C	1.47%
AGNCN	A	1.09%
APLE	B	1.05%
LADR	B	1.03%
LTC	B	0.94%
GTY	A	0.84%
HST	C	0.83%
FITBI	B	0.79%
GLPI	C	0.79%
CHSCO	B	0.78%
SPG	A	0.77%
CHSCL	B	0.76%
AAT	B	0.72%
CHSCN	D	0.72%
RZC	C	0.72%
VICI	C	0.71%
FCPT	C	0.71%
CHSCM	D	0.69%
NHI	D	0.65%
WU	F	0.64%
NNN	C	0.64%
BRX	A	0.63%
ALEX	B	0.62%
LAMR	C	0.61%
VZ	C	0.6%
CTRE	C	0.6%
T	A	0.6%
CDP	C	0.58%
REG	A	0.57%
MAA	B	0.57%
PSA	C	0.56%
CUBE	C	0.56%
BMY	B	0.55%
CHRD	D	0.54%
OKE	A	0.51%
FANG	C	0.47%
TROW	B	0.46%
DTM	A	0.45%
NWE	B	0.45%
GILD	C	0.44%
EVRG	A	0.44%
ETR	B	0.44%
BKH	A	0.43%
AVA	A	0.43%
HMN	B	0.42%
PINC	B	0.42%
SR	A	0.42%
LYB	F	0.41%
CVX	A	0.41%
PRU	A	0.4%
PNM	B	0.39%
XEL	A	0.39%
VTRS	A	0.39%
EXC	C	0.38%
CAG	F	0.38%
OGS	A	0.38%
KHC	F	0.38%
ES	C	0.37%
FLO	D	0.37%
WEC	A	0.37%
DVN	F	0.36%
POR	C	0.36%
PNC	B	0.36%
MSM	C	0.36%
DRI	B	0.36%
FE	C	0.35%
IBM	C	0.34%
IPG	D	0.34%
EIX	B	0.34%
DUK	C	0.34%
NJR	A	0.34%
SJM	D	0.33%
FAF	A	0.33%
SON	F	0.32%
NFG	A	0.32%
KMB	C	0.31%
MDT	D	0.31%
AEP	C	0.31%
GIS	D	0.3%
NMM	D	0.05%

MDIV Underweight 17 Positions Relative to GYLD

Symbol	Grade	Weight
KNTK	A	-0.91%
MO	A	-0.88%
BDN	C	-0.79%
UAN	B	-0.79%
OHI	C	-0.78%
AM	A	-0.76%
HIW	C	-0.76%
PDM	D	-0.75%
BNL	D	-0.73%
GMRE	F	-0.72%
HESM	B	-0.71%
DEA	D	-0.7%
GNL	F	-0.68%
SPH	C	-0.68%
MPW	F	-0.56%
SVC	F	-0.43%
NEP	F	-0.42%