SMHB vs. GYLD ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Arrow Dow Jones Global Yield ETF ETF (GYLD)

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

$5.73

Average Daily Volume

39,542

Number of Holdings ^*

90

* 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

$12.89

Average Daily Volume

3,728

Number of Holdings ^*

39

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	GYLD
30 Days	-2.85%	-2.84%
60 Days	-7.38%	-4.29%
90 Days	0.84%	-2.12%
12 Months	17.62%	13.00%

8 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in GYLD	Overlap
	BDN	C	2.41%	0.79%	0.79%
	DEA	D	1.35%	0.7%	0.7%
	EPR	D	2.34%	0.72%	0.72%
	GMRE	F	0.5%	0.72%	0.5%
	GNL	F	1.01%	0.68%	0.68%
	HESM	B	0.59%	0.71%	0.59%
	PAGP	A	1.88%	0.73%	0.73%
	PDM	D	0.99%	0.75%	0.75%

SMHB Overweight 82 Positions Relative to GYLD

	Symbol	Grade	Weight
	SLG	B	4.87%
	XRX	F	4.09%
	DTM	B	3.81%
	BXMT	C	3.43%
	DSS	F	2.87%
	TWO	D	2.87%
	CIM	D	2.62%
	BGS	F	2.41%
	SBRA	C	2.38%
	ABR	C	2.21%
	APAM	B	2.02%
	UNIT	B	1.86%
	UWMC	D	1.84%
	ARR	D	1.65%
	NHI	D	1.64%
	ORC	B	1.51%
	CCOI	B	1.51%
	PSEC	D	1.47%
	IVR	F	1.43%
	PMT	D	1.35%
	MFA	D	1.27%
	RWT	D	1.24%
	CTRE	D	1.16%
	PETS	C	1.13%
	MAIN	A	1.09%
	HTGC	D	1.03%
	ARI	C	1.02%
	FCPT	C	1.0%
	EFC	C	1.0%
	GSBD	F	0.94%
	NEWT	B	0.94%
	NYMT	C	0.93%
	LTC	B	0.91%
	DX	B	0.89%
	KREF	D	0.8%
	VGR	D	0.79%
	NWBI	B	0.77%
	GBDC	C	0.73%
	CODI	B	0.72%
	VNOM	A	0.65%
	SCS	C	0.65%
	RC	D	0.65%
	ACRE	C	0.64%
	LADR	B	0.62%
	TSLX	C	0.62%
	UVV	B	0.54%
	OCSL	F	0.54%
	AROC	B	0.53%
	ILPT	D	0.49%
	BRSP	B	0.49%
	WSR	A	0.46%
	ALX	D	0.45%
	GTY	B	0.44%
	OPI	F	0.4%
	RMR	F	0.38%
	NMFC	D	0.38%
	UHT	D	0.36%
	GPMT	C	0.34%
	CSWC	D	0.34%
	GOOD	B	0.33%
	FSP	C	0.29%
	TRTX	B	0.29%
	TCPC	C	0.27%
	AHH	D	0.27%
	CGBD	D	0.25%
	BCSF	C	0.24%
	TPVG	C	0.23%
	PFLT	D	0.23%
	SLRC	A	0.23%
	UVE	B	0.22%
	BBDC	A	0.22%
	KRO	D	0.2%
	EBF	F	0.18%
	GAIN	C	0.17%
	PNNT	B	0.16%
	OLP	B	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 31 Positions Relative to GYLD

	Symbol	Grade	Weight
	KNTK	B	-0.91%
	MO	A	-0.88%
	MPLX	A	-0.83%
	ET	A	-0.81%
	ARLP	A	-0.8%
	UAN	B	-0.79%
	EPD	A	-0.78%
	ENLC	A	-0.78%
	OHI	C	-0.78%
	CQP	B	-0.77%
	DMLP	A	-0.77%
	AM	A	-0.76%
	GLP	A	-0.76%
	HIW	D	-0.76%
	BSM	B	-0.75%
	BNL	D	-0.73%
	SUN	B	-0.72%
	CAPL	D	-0.71%
	PAA	B	-0.71%
	KRP	B	-0.71%
	WES	C	-0.71%
	IEP	F	-0.7%
	USAC	B	-0.69%
	DKL	C	-0.69%
	SPH	B	-0.68%
	GEL	D	-0.65%
	IIPR	D	-0.6%
	MPW	F	-0.56%
	SVC	F	-0.43%
	NEP	F	-0.42%
	NRP	B	-0.0%

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

Keywords: Real Estate Investment Trust Private Equity Mortgage Loan Structured Finance Business Development Mortgage Backed Security Loan Mezzanine Capital Debt Real Estate Properties Residential Mortgage Backed Security Senior Debt Venture Capital Credit Real Estate Finance Real Estate Mortgage Investment Conduit Refinancing Subordinated Debt Banking Business Development Company

GYLD: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream REIT - Office Oil & Gas E&P REIT - Healthcare Facilities Coal Oil & Gas Pipelines Oil & Gas Refining & Marketing REIT - Diversified Agricultural Inputs Conglomerates Oil & Gas Equipment & Services REIT - Hotel & Motel REIT - Industrial REIT - Retail Tobacco Utilities - Independent Power Producers Utilities - Regulated Gas

Keywords: Crude Oil Natural Gas Petroleum Industry Real Estate Investment Trust Midstream Natural Gas Liquids Refined Products Fuel American Energy Partners Bakken Chemical Substances Energy Services Midstream Energy Motor Fuel Natural Gas Processing Oil Pipeline Oil Storage Petroleum Petroleum Transport Pipeline Transport