MVRL vs. LDSF ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to First Trust Low Duration Strategic Focus ETF (LDSF)

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 ^*

23

* may have additional holdings in another (foreign) market

LDSF

First Trust Low Duration Strategic Focus ETF

LDSF Description

The investment seeks to generate current income, with a secondary objective of preservation of capital. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S.-listed exchange-traded funds ("ETFs") that principally invest in income-generating securities that provide it with a duration of three years or less. A significant portion of the ETFs in which the fund invests may be advised by First Trust. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.82

Average Daily Volume

24,016

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	LDSF
30 Days	-1.10%	-0.32%
60 Days	-5.98%	-1.36%
90 Days	-2.91%	-0.33%
12 Months	15.09%	6.34%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in LDSF	Overlap

MVRL Overweight 23 Positions Relative to LDSF

	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%

MVRL Underweight 7 Positions Relative to LDSF

	Symbol	Grade	Weight
	LMBS	D	-35.01%
	FSIG	C	-34.97%
	HYLS	C	-12.13%
	FTSM	B	-6.57%
	FTSL	B	-3.01%
	FEMB	F	-2.36%
	IEI	D	-1.93%

MVRL: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Residential REIT - Office REIT - Retail Specialty Finance

Keywords: Mortgage Backed Security Mortgage Loan Real Estate Investment Trust Structured Finance Real Estate Mortgage Investment Conduit Residential Mortgage Backed Security Commercial Mortgage Backed Security Private Equity Real Estate Finance Loan Commercial Mortgage Fannie Mae Mezzanine Capital Real Estate Investing Rmbs U.S. Government Adjustable Rate Mortgage Asset Backed Security Collateralized Debt Obligation Freddie Mac

LDSF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Structured Finance Banking Bond Bond Market Government Bonds Mortgage Backed Security Asset And Liability Management Asset Backed Security Bank Loans Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Market Index Commercial Mortgage Currency Debt Distressed Securities Financial Market