SMHB vs. REM ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to iShares Mortgage Real Estate Capped ETF (REM)

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

33,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REM

iShares Mortgage Real Estate Capped ETF

REM Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs") that hold U.S. residential and commercial mortgages. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.30

Average Daily Volume

424,782

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	REM
30 Days	-4.90%	-3.50%
60 Days	0.46%	-5.06%
90 Days	-1.37%	-1.15%
12 Months	22.79%	15.51%

21 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in REM	Overlap
ABR	B	2.21%	5.09%	2.21%
ACRE	F	0.64%	0.82%	0.64%
ARI	F	1.02%	2.92%	1.02%
ARR	D	1.65%	2.24%	1.65%
BRSP	C	0.49%	1.61%	0.49%
BXMT	C	3.43%	4.7%	3.43%
CIM	D	2.62%	2.9%	2.62%
DX	C	0.89%	2.19%	0.89%
EFC	D	1.0%	2.43%	1.0%
GPMT	C	0.34%	0.37%	0.34%
IVR	F	1.43%	0.97%	0.97%
KREF	D	0.8%	1.63%	0.8%
LADR	B	0.62%	3.0%	0.62%
MFA	D	1.27%	2.92%	1.27%
NYMT	D	0.93%	1.1%	0.93%
ORC	D	1.51%	1.31%	1.31%
PMT	D	1.35%	2.79%	1.35%
RC	F	0.65%	2.64%	0.65%
RWT	D	1.24%	2.32%	1.24%
TRTX	A	0.29%	1.17%	0.29%
TWO	F	2.87%	3.15%	2.87%

SMHB Overweight 69 Positions Relative to REM

Symbol	Grade	Weight
SLG	B	4.87%
XRX	F	4.09%
DTM	A	3.81%
DSS	D	2.87%
BDN	C	2.41%
BGS	C	2.41%
SBRA	B	2.38%
EPR	D	2.34%
APAM	A	2.02%
PAGP	D	1.88%
UNIT	C	1.86%
UWMC	F	1.84%
NHI	C	1.64%
CCOI	B	1.51%
PSEC	D	1.47%
DEA	C	1.35%
CTRE	A	1.16%
PETS	C	1.13%
MAIN	B	1.09%
HTGC	C	1.03%
GNL	D	1.01%
FCPT	D	1.0%
PDM	C	0.99%
GSBD	F	0.94%
NEWT	B	0.94%
LTC	A	0.91%
VGR	B	0.79%
NWBI	C	0.77%
GBDC	C	0.73%
CODI	D	0.72%
VNOM	A	0.65%
SCS	F	0.65%
TSLX	D	0.62%
HESM	D	0.59%
UVV	C	0.54%
OCSL	D	0.54%
AROC	D	0.53%
GMRE	D	0.5%
ILPT	F	0.49%
WSR	B	0.46%
ALX	D	0.45%
GTY	C	0.44%
OPI	F	0.4%
RMR	D	0.38%
NMFC	F	0.38%
UHT	D	0.36%
CSWC	D	0.34%
GOOD	C	0.33%
FSP	A	0.29%
TCPC	F	0.27%
AHH	D	0.27%
CGBD	C	0.25%
BCSF	A	0.24%
TPVG	F	0.23%
PFLT	C	0.23%
SLRC	B	0.23%
UVE	C	0.22%
BBDC	D	0.22%
KRO	D	0.2%
EBF	F	0.18%
GAIN	B	0.17%
PNNT	C	0.16%
OLP	C	0.16%
FDUS	C	0.16%
GLAD	B	0.15%
BFS	D	0.14%
TRIN	D	0.12%
CCAP	C	0.1%
REPX	F	0.07%

SMHB Underweight 12 Positions Relative to REM

Symbol	Grade	Weight
NLY	D	-15.2%
AGNC	D	-11.31%
STWD	D	-9.65%
RITM	D	-8.36%
FBRT	B	-2.5%
CMTG	F	-1.29%
REFI	D	-0.6%
SEVN	F	-0.43%
AFCG	F	-0.4%
NREF	C	-0.28%
AOMR	F	-0.26%
SUNS	D	-0.2%

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