MVRL vs. MFUL ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Mindful Conservative ETF (MFUL)

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

$18.74

Average Daily Volume

9,707

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MFUL

Mindful Conservative ETF

MFUL Description

Mindful Conservative ETF is an exchange traded fund of fund launched by Collaborative Investment Series Trust. The fund is co-managed by Tuttle Tactical Management, LLC and Retireful, LLC. It invests public equity and fixed income markets of global emerging region. For its equity portion, the fund invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations, within the market capitalization range of MSCI Emerging Market index. For its fixed income portion, the fund invests through other funds in below investment grade securities that are rated below Baa3 by Moody’s Investors Service or below BBB- by Standard and Poor’s Rating Group. The fund invests in securities of any maturity. The fund employs proprietary research to create its portfolio. Mindful Conservative ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$22.06

Average Daily Volume

11,075

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	MFUL
30 Days	7.73%	1.61%
60 Days	3.44%	1.70%
90 Days	15.03%	2.99%
12 Months	10.96%	7.86%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in MFUL	Overlap

MVRL Overweight 23 Positions Relative to MFUL

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

MVRL Underweight 14 Positions Relative to MFUL

Symbol	Grade	Weight
GBIL	B	-13.1%
BIL	B	-10.23%
CWB	A	-9.17%
STIP	A	-6.59%
SGOV	B	-6.29%
BOND	A	-6.04%
USFR	A	-5.5%
VGIT	A	-4.48%
FCOR	A	-4.11%
HNDL	A	-4.08%
INKM	A	-3.55%
IUSB	A	-3.33%
MOAT	B	-3.32%
TIPX	A	-3.12%

MFUL: Top Represented Industries & Keywords

Industries: