MVRL vs. PFLD ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to AAM Low Duration Preferred and Income Securities ETF (PFLD)

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

$17.04

Average Daily Volume

8,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFLD

AAM Low Duration Preferred and Income Securities ETF

PFLD Description

The investment seeks to track the total return performance, before fees and expenses, of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$21.11

Average Daily Volume

113,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	PFLD
30 Days	-0.94%	-0.28%
60 Days	1.24%	0.67%
90 Days	1.13%	0.58%
12 Months	6.18%	8.90%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in PFLD	Overlap
	AGNC	A	8.86%	1.08%	1.08%

MVRL Overweight 22 Positions Relative to PFLD

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

MVRL Underweight 29 Positions Relative to PFLD

Symbol	Grade	Weight
RZC	B	-1.42%
CMSD	B	-1.18%
PRS	A	-1.08%
QRTEP	D	-1.05%
CHSCL	A	-1.03%
CHSCM	B	-0.95%
FITBI	A	-0.91%
CHSCN	B	-0.83%
ESGRP	B	-0.78%
RZB	A	-0.78%
AQNB	A	-0.68%
AGNCN	A	-0.65%
UNMA	A	-0.59%
WTFCP	A	-0.56%
CMSC	B	-0.53%
NRUC	B	-0.48%
DDT	A	-0.4%
SLMBP	B	-0.37%
TVE	B	-0.35%
NYMTM	A	-0.34%
ZIONO	B	-0.27%
RILYN	D	-0.27%
NYMTN	B	-0.25%
WTFCM	B	-0.24%
NYMTL	A	-0.23%
VLYPP	C	-0.2%
BPOPM	B	-0.2%
VLYPO	C	-0.18%
CSSEP	F	-0.01%