RINC vs. HFND ETF Comparison

Comparison of AXS Real Estate Income ETF (RINC) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.28

Average Daily Volume

3,909

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$22.79

Average Daily Volume

7,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RINC	HFND
30 Days	0.77%	1.65%
60 Days	-4.61%	2.50%
90 Days	-2.72%	3.86%
12 Months	5.94%	11.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in RINC	Weight in HFND	Overlap

RINC Overweight 16 Positions Relative to HFND

Symbol	Grade	Weight
BRSP	B	5.17%
TRTX	B	4.91%
LADR	B	4.72%
ABR	C	4.68%
FBRT	C	4.67%
ARI	C	4.6%
STWD	C	4.56%
BXMT	C	4.37%
KREF	D	4.34%
RC	D	4.32%
EFC	C	4.19%
RWT	D	4.1%
CMTG	F	4.09%
DX	B	3.85%
AGNC	D	3.55%
PMT	D	3.54%

RINC Underweight 9 Positions Relative to HFND

Symbol	Grade	Weight
BKLN	A	-5.13%
ICVT	A	-4.02%
VFMO	A	-3.58%
CMBS	C	-3.43%
IGHG	B	-2.71%
VTWO	B	-1.62%
PFF	C	-0.38%
VMBS	C	--0.42%
XLRE	C	--1.1%