MVRL vs. LALT ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to First Trust Multi-Strategy Alternative ETF (LALT)

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

$16.40

Average Daily Volume

10,090

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LALT

First Trust Multi-Strategy Alternative ETF

LALT Description

The investment seeks a positive total return that has a low correlation to the broader securities markets. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a combination of equity securities, financial futures contracts, forward currency contracts and other securities. The sub-adviser selects investments for inclusion in the fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (the Benchmark) through a quantitative process that seeks to exceed the Benchmark's performance.

Grade (RS Rating)

Last Trade

$21.09

Average Daily Volume

2,310

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	LALT
30 Days	-4.84%	-0.06%
60 Days	-7.61%	1.39%
90 Days	-1.82%	0.86%
12 Months	12.53%	7.60%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in LALT	Overlap

MVRL Overweight 23 Positions Relative to LALT

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

MVRL Underweight 8 Positions Relative to LALT

Symbol	Grade	Weight
FTLS	A	-22.06%
FAAR	F	-21.48%
FMF	C	-21.3%
UCON	C	-12.19%
IAU	C	-8.13%
FTHI	A	-5.13%
MARB	F	-4.94%
IEF	F	-4.74%

LALT: Top Represented Industries & Keywords

Industries: