SMHB vs. BLDG ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Cambria Global Real Estate ETF (BLDG)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BLDG

Cambria Global Real Estate ETF

BLDG Description

The investment seeks income and capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, ?real estate companies?) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund?s investment adviser (?Cambria?).

Grade (RS Rating)

Last Trade

$26.50

Average Daily Volume

4,168

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	BLDG
30 Days	-9.80%	-0.70%
60 Days	-10.51%	-2.54%
90 Days	-1.80%	0.86%
12 Months	14.54%	13.94%

14 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in BLDG	Overlap
ALX	D	0.45%	1.29%	0.45%
BDN	C	2.41%	1.24%	1.24%
CTRE	C	1.16%	1.3%	1.16%
FCPT	C	1.0%	1.28%	1.0%
FSP	B	0.29%	1.61%	0.29%
GOOD	B	0.33%	1.43%	0.33%
LTC	B	0.91%	1.39%	0.91%
NHI	D	1.64%	1.26%	1.26%
OLP	B	0.16%	1.42%	0.16%
OPI	F	0.4%	0.87%	0.4%
PDM	D	0.99%	1.32%	0.99%
SBRA	C	2.38%	1.38%	1.38%
SLG	B	4.87%	1.49%	1.49%
WSR	A	0.46%	1.44%	0.46%

SMHB Overweight 76 Positions Relative to BLDG

Symbol	Grade	Weight
XRX	F	4.09%
DTM	A	3.81%
BXMT	C	3.43%
DSS	F	2.87%
TWO	F	2.87%
CIM	D	2.62%
BGS	F	2.41%
EPR	C	2.34%
ABR	C	2.21%
APAM	B	2.02%
PAGP	A	1.88%
UNIT	B	1.86%
UWMC	D	1.84%
ARR	D	1.65%
ORC	B	1.51%
CCOI	B	1.51%
PSEC	D	1.47%
IVR	F	1.43%
DEA	D	1.35%
PMT	C	1.35%
MFA	D	1.27%
RWT	D	1.24%
PETS	C	1.13%
MAIN	A	1.09%
HTGC	D	1.03%
ARI	C	1.02%
GNL	F	1.01%
EFC	C	1.0%
GSBD	F	0.94%
NEWT	C	0.94%
NYMT	C	0.93%
DX	B	0.89%
KREF	C	0.8%
VGR	B	0.79%
NWBI	B	0.77%
GBDC	D	0.73%
CODI	B	0.72%
VNOM	A	0.65%
SCS	C	0.65%
RC	D	0.65%
ACRE	B	0.64%
LADR	B	0.62%
TSLX	C	0.62%
HESM	B	0.59%
UVV	B	0.54%
OCSL	F	0.54%
AROC	A	0.53%
GMRE	F	0.5%
ILPT	F	0.49%
BRSP	C	0.49%
GTY	A	0.44%
RMR	F	0.38%
NMFC	D	0.38%
UHT	D	0.36%
GPMT	C	0.34%
CSWC	D	0.34%
TRTX	C	0.29%
TCPC	C	0.27%
AHH	D	0.27%
CGBD	C	0.25%
BCSF	C	0.24%
TPVG	B	0.23%
PFLT	D	0.23%
SLRC	A	0.23%
UVE	B	0.22%
BBDC	A	0.22%
KRO	C	0.2%
EBF	F	0.18%
GAIN	B	0.17%
PNNT	C	0.16%
FDUS	A	0.16%
GLAD	B	0.15%
BFS	C	0.14%
TRIN	A	0.12%
CCAP	A	0.1%
REPX	A	0.07%

SMHB Underweight 30 Positions Relative to BLDG

Symbol	Grade	Weight
KRC	B	-1.53%
ROIC	A	-1.49%
MAC	B	-1.47%
PK	C	-1.45%
PGRE	F	-1.42%
AKR	B	-1.41%
AAT	B	-1.41%
DEI	B	-1.39%
CUZ	B	-1.38%
CSR	B	-1.37%
AVB	B	-1.36%
CTO	B	-1.36%
ESRT	C	-1.36%
WELL	A	-1.35%
EPRT	B	-1.34%
BXP	C	-1.34%
IVT	A	-1.34%
PINE	C	-1.3%
OHI	C	-1.29%
LXP	D	-1.29%
STAG	D	-1.28%
HIW	C	-1.27%
TRNO	F	-1.25%
HPP	F	-1.21%
JBGS	F	-1.2%
BNL	D	-1.2%
CIO	C	-1.19%
WPC	C	-1.19%
NNN	C	-1.12%
IIPR	D	-1.06%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers