WTBN vs. MVRL ETF Comparison

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

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

$25.52

Average Daily Volume

3,662

Number of Holdings ^*

10

* 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

$17.79

Average Daily Volume

9,616

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

Performance

Period	WTBN	MVRL
30 Days	-0.53%	0.97%
60 Days	0.31%	10.70%
90 Days	3.11%	9.20%
12 Months		27.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in WTBN	Weight in MVRL	Overlap

WTBN Overweight 10 Positions Relative to MVRL

	Symbol	Grade	Weight
	MBB	D	14.09%
	MTBA	C	13.8%
	IEI	C	11.9%
	SCHO	B	10.68%
	VCSH	B	9.18%
	SCHQ	D	8.64%
	VCLT	C	6.84%
	VCIT	B	5.73%
	LQDB	B	5.02%
	STIP	B	4.96%

WTBN Underweight 23 Positions Relative to MVRL

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

WTBN: Top Represented Industries & Keywords

Industries:

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

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