HFND vs. MVRL ETF Comparison

Comparison of Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)

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

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$16.76

Average Daily Volume

10,738

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFND	MVRL
30 Days	1.65%	-1.10%
60 Days	2.50%	-5.98%
90 Days	3.86%	-2.91%
12 Months	11.61%	15.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in HFND	Weight in MVRL	Overlap

HFND Overweight 9 Positions Relative to MVRL

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%

HFND Underweight 23 Positions Relative to MVRL

Symbol	Grade	Weight
NLY	C	-13.03%
AGNC	D	-8.86%
STWD	C	-8.19%
CIM	D	-5.48%
HASI	D	-5.04%
BXMT	C	-4.84%
ABR	C	-4.54%
TWO	D	-4.01%
MFA	D	-3.81%
PMT	D	-3.79%
ARI	C	-3.76%
LADR	B	-3.51%
NYMT	C	-3.26%
RWT	D	-2.77%
EFC	C	-2.49%
RC	D	-2.05%
ORC	B	-2.0%
ACRE	C	-1.95%
BRSP	B	-1.92%
KREF	D	-1.86%
IVR	F	-1.84%
ARR	D	-1.83%
DX	B	-1.48%