MVRL vs. WTBN ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to WisdomTree Bianco Total Return Fund (WTBN)

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

WTBN

WisdomTree Bianco Total Return Fund

WTBN Description

Under normal circumstances, the fund primarily invests in the constituent exchange-traded funds ("ETF") of the index. The index, created by Bianco Research Advisors LLC, is composed of approximately 5 to 20 fixed income ETFs that are specifically selected and weighted using a modified market-capitalization weighting scheme to achieve specified factor exposures.

Grade (RS Rating)

Last Trade

$25.17

Average Daily Volume

26,313

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	WTBN
30 Days	-1.10%	0.08%
60 Days	-5.98%	-2.15%
90 Days	-2.91%	-1.29%
12 Months	15.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in WTBN	Overlap

MVRL Overweight 23 Positions Relative to WTBN

	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 10 Positions Relative to WTBN

	Symbol	Grade	Weight
	MBB	C	-26.83%
	IEF	F	-10.03%
	SCHQ	F	-10.01%
	STIP	C	-10.01%
	USDU	A	-9.97%
	VCIT	D	-8.01%
	VCLT	D	-5.14%
	LQDB	D	-5.0%
	IEI	D	-2.0%
	SCHO	C	-1.5%

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

WTBN: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond ETF U.S. Treasury Bond Market Bond Market Indices Corporate Bond Government Bonds U.S. Government Exchange Traded Funds Merrill Lynch Yield Barclays Bear Market ETF Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association Fixed Income Freddie Mac