MVRL vs. DIVL ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Madison Dividend Value ETF (DIVL)

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

$16.58

Average Daily Volume

10,433

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVL

Madison Dividend Value ETF

DIVL Description

The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in dividend paying equity securities. The fund may also invest up to 50% of its common stock allocation in foreign securities, including ADRs and emerging market securities.

Grade (RS Rating)

Last Trade

$22.27

Average Daily Volume

2,694

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	DIVL
30 Days	-4.26%	0.60%
60 Days	-9.73%	3.59%
90 Days	-2.76%	6.29%
12 Months	13.27%	20.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in DIVL	Overlap

MVRL Overweight 23 Positions Relative to DIVL

Symbol	Grade	Weight
NLY	D	13.03%
AGNC	C	8.86%
STWD	C	8.19%
CIM	D	5.48%
HASI	F	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	D	3.26%
RWT	D	2.77%
EFC	D	2.49%
RC	D	2.05%
ORC	C	2.0%
ACRE	B	1.95%
BRSP	C	1.92%
KREF	D	1.86%
IVR	D	1.84%
ARR	D	1.83%
DX	B	1.48%

MVRL Underweight 36 Positions Relative to DIVL

Symbol	Grade	Weight
MS	B	-4.78%
FAST	B	-4.53%
ADP	B	-4.51%
BLK	B	-3.99%
HON	B	-3.92%
TXN	C	-3.85%
HD	C	-3.83%
ABBV	F	-3.54%
JPM	B	-3.52%
LOW	C	-3.29%
EOG	A	-3.17%
CVX	A	-3.1%
CMCSA	B	-2.82%
JNJ	D	-2.77%
UNP	D	-2.74%
NEE	C	-2.69%
HPE	B	-2.65%
MDT	D	-2.64%
CME	A	-2.63%
BAC	A	-2.61%
AMT	D	-2.58%
COP	B	-2.57%
USB	A	-2.54%
MKC	C	-2.35%
APD	A	-2.29%
D	C	-2.28%
CMI	A	-2.16%
DGX	A	-2.02%
XOM	A	-1.91%
PG	C	-1.41%
NKE	F	-1.36%
PEP	F	-1.32%
ABT	B	-1.25%
DE	C	-1.14%
PAYX	B	-1.13%
CL	D	-0.99%