VABS vs. MVRL ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.17

Average Daily Volume

2,387

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	MVRL
30 Days	0.28%	-1.10%
60 Days	0.04%	-5.98%
90 Days	0.27%	-2.91%
12 Months	6.93%	15.09%

10 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in MVRL	Overlap
ABR	C	0.1%	4.54%	0.1%
ARR	D	1.25%	1.83%	1.25%
CIM	D	0.82%	5.48%	0.82%
DX	B	0.02%	1.48%	0.02%
EFC	C	1.89%	2.49%	1.89%
IVR	F	0.78%	1.84%	0.78%
MFA	D	0.86%	3.81%	0.86%
NLY	C	0.03%	13.03%	0.03%
PMT	D	0.21%	3.79%	0.21%
TWO	D	1.26%	4.01%	1.26%

VABS Overweight 40 Positions Relative to MVRL

Symbol	Grade	Weight
RLJ	C	4.48%
BW	D	2.27%
BFS	C	1.53%
EQC	B	1.49%
DRH	B	1.35%
PBI	B	1.34%
GNL	F	0.94%
F	C	0.87%
DBRG	F	0.62%
ET	A	0.55%
EPR	D	0.47%
MITT	D	0.45%
CTO	B	0.29%
PSEC	D	0.23%
TDS	B	0.23%
AHH	D	0.17%
SHO	C	0.17%
LXP	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	C	0.11%
ALLY	C	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
CIO	D	0.03%
SNV	B	0.02%
CODI	B	0.02%
PEB	D	0.01%
CNO	A	0.01%
VNO	B	0.01%
BOH	B	0.01%
SF	B	0.01%
EQH	B	0.01%
COF	B	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	D	0.01%

VABS Underweight 13 Positions Relative to MVRL

Symbol	Grade	Weight
AGNC	D	-8.86%
STWD	C	-8.19%
HASI	D	-5.04%
BXMT	C	-4.84%
ARI	C	-3.76%
LADR	B	-3.51%
NYMT	C	-3.26%
RWT	D	-2.77%
RC	D	-2.05%
ORC	B	-2.0%
ACRE	C	-1.95%
BRSP	B	-1.92%
KREF	D	-1.86%