PFFL vs. IYLD ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to iShares Morningstar Multi-Asset Income ETF (IYLD)

PFFL

ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048

PFFL Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index (the “index”). The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$9.91

Average Daily Volume

3,267

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$20.13

Average Daily Volume

15,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	IYLD
30 Days	-5.76%	-1.19%
60 Days	-7.53%	-1.93%
90 Days	1.02%	0.10%
12 Months	20.62%	9.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in IYLD	Overlap
	PFF	C	50.23%	15.38%	15.38%

PFFL Overweight 1 Positions Relative to IYLD

	Symbol	Grade	Weight
	PGX	D	49.77%

PFFL Underweight 10 Positions Relative to IYLD

Symbol	Grade	Weight
FLOT	A	-15.24%
USHY	A	-15.21%
ISTB	C	-15.08%
ILF	D	-10.04%
EFV	D	-8.97%
CEMB	C	-5.03%
AGZ	C	-5.01%
LEMB	F	-4.91%
USRT	C	-3.34%
REET	C	-1.7%

PFFL: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Market Indices Credit Rating Agency Currency Exchange Traded Funds Invesco Powershares Merrill Lynch Nasdaq 100 New York Stock Exchange Nyse Euronext S&P 500 Index CBOE Stock Market Index

IYLD: Top Represented Industries & Keywords

Industries: