SMHB vs. PPTY ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to PPTY U.S. Diversified Real Estate ETF (PPTY)

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

$6.26

Average Daily Volume

49,805

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$31.35

Average Daily Volume

9,224

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	PPTY
30 Days	12.97%	6.77%
60 Days	1.68%	6.06%
90 Days	13.62%	8.68%
12 Months	16.57%	9.47%

11 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in PPTY	Overlap
AHH	C	0.27%	1.01%	0.27%
BFS	B	0.14%	0.09%	0.09%
CTRE	B	1.16%	0.43%	0.43%
DEA	B	1.35%	2.97%	1.35%
FCPT	B	1.0%	3.33%	1.0%
GMRE	C	0.5%	0.09%	0.09%
GTY	C	0.44%	0.8%	0.44%
LTC	B	0.91%	0.32%	0.32%
NHI	B	1.64%	0.48%	0.48%
SBRA	B	2.38%	0.31%	0.31%
SLG	B	4.87%	0.88%	0.88%

SMHB Overweight 80 Positions Relative to PPTY

Symbol	Grade	Weight
XRX	F	4.09%
DTM	B	3.81%
BXMT	C	3.43%
DSS	F	2.87%
TWO	A	2.87%
CIM	C	2.62%
ETRN	D	2.49%
BDN	C	2.41%
BGS	F	2.41%
EPR	C	2.34%
ABR	B	2.21%
APAM	D	2.02%
PAGP	B	1.88%
UNIT	D	1.86%
UWMC	C	1.84%
ARR	C	1.65%
ORC	C	1.51%
CCOI	D	1.51%
PSEC	B	1.47%
IVR	C	1.43%
PMT	C	1.35%
MFA	A	1.27%
RWT	C	1.24%
PETS	F	1.13%
MAIN	A	1.09%
HTGC	B	1.03%
ARI	C	1.02%
GNL	C	1.01%
EFC	A	1.0%
PDM	A	0.99%
GSBD	A	0.94%
NEWT	C	0.94%
NYMT	D	0.93%
DX	B	0.89%
KREF	D	0.8%
VGR	C	0.79%
NWBI	B	0.77%
GBDC	D	0.73%
CODI	C	0.72%
VNOM	B	0.65%
SCS	B	0.65%
RC	C	0.65%
ACRE	D	0.64%
LADR	A	0.62%
TSLX	A	0.62%
HESM	A	0.59%
UVV	D	0.54%
OCSL	F	0.54%
AROC	A	0.53%
ILPT	C	0.49%
BRSP	C	0.49%
WSR	A	0.46%
ALX	B	0.45%
OPI	D	0.4%
RMR	C	0.38%
NMFC	B	0.38%
UHT	C	0.36%
GPMT	F	0.34%
CSWC	A	0.34%
GOOD	B	0.33%
FSP	F	0.29%
TRTX	A	0.29%
TCPC	B	0.27%
CGBD	A	0.25%
BCSF	A	0.24%
TPVG	F	0.23%
PFLT	A	0.23%
SLRC	B	0.23%
UVE	D	0.22%
BBDC	A	0.22%
KRO	D	0.2%
EBF	A	0.18%
GAIN	B	0.17%
PNNT	B	0.16%
OLP	A	0.16%
FDUS	B	0.16%
GLAD	A	0.15%
TRIN	D	0.12%
CCAP	B	0.1%
REPX	C	0.07%

SMHB Underweight 79 Positions Relative to PPTY

Symbol	Grade	Weight
AVB	C	-4.17%
PLD	C	-3.59%
EQIX	C	-3.46%
EQR	C	-3.16%
DLR	B	-3.04%
SPG	B	-2.93%
AMH	C	-2.73%
WELL	B	-2.6%
TRNO	B	-2.52%
MAA	B	-2.22%
UDR	B	-2.19%
ESS	B	-2.17%
KRC	C	-2.12%
ARE	B	-2.09%
MAR	C	-2.08%
HIW	B	-1.85%
COLD	C	-1.83%
REG	B	-1.8%
HLT	B	-1.73%
CPT	B	-1.56%
FRT	A	-1.56%
BXP	B	-1.54%
AAT	A	-1.54%
IIPR	A	-1.49%
STAG	B	-1.47%
VTR	A	-1.36%
DOC	B	-1.27%
ESRT	B	-1.26%
CUZ	B	-1.25%
KIM	C	-1.25%
CSR	B	-1.2%
EGP	B	-1.18%
WPC	C	-1.16%
SKT	D	-1.03%
KRG	B	-0.98%
LXP	B	-0.97%
INVH	C	-0.96%
SUI	C	-0.91%
PSA	B	-0.84%
EQC	D	-0.76%
H	B	-0.74%
PECO	C	-0.73%
ELS	C	-0.7%
OHI	A	-0.64%
SITC	A	-0.62%
EXR	B	-0.62%
HST	D	-0.61%
DBRG	D	-0.59%
ADC	B	-0.56%
FR	B	-0.54%
NTST	D	-0.48%
RHP	D	-0.45%
WH	C	-0.44%
CHH	C	-0.44%
NHC	B	-0.36%
APLE	D	-0.35%
SHO	C	-0.34%
DEI	C	-0.31%
CUBE	B	-0.3%
UMH	B	-0.28%
JBGS	C	-0.28%
CHCT	D	-0.27%
BRX	B	-0.25%
NSA	B	-0.24%
DRH	D	-0.19%
ALEX	C	-0.17%
IVT	B	-0.17%
REXR	C	-0.13%
IRT	B	-0.12%
EPRT	B	-0.11%
UE	A	-0.1%
NNN	A	-0.1%
BNL	B	-0.1%
AKR	B	-0.1%
AIV	B	-0.1%
ROIC	C	-0.09%
VNO	C	-0.09%
PLYM	C	-0.09%
O	C	-0.09%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential 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