BYRE vs. MVRL ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.32

Average Daily Volume

1,082

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

$17.11

Average Daily Volume

10,425

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	MVRL
30 Days	-2.91%	-0.15%
60 Days	-5.47%	1.53%
90 Days	-1.54%	7.94%
12 Months	0.12%	23.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in BYRE	Weight in MVRL	Overlap

BYRE Overweight 21 Positions Relative to MVRL

Symbol	Grade	Weight
VTR	B	7.71%
INVH	B	7.19%
EXR	D	6.9%
AMT	D	6.42%
REXR	D	5.45%
SUI	D	5.04%
EQIX	F	5.04%
AMH	B	5.03%
WELL	A	4.96%
TRNO	F	4.44%
VICI	B	4.32%
GLPI	D	4.32%
SBRA	A	4.16%
SBAC	D	4.09%
DLR	D	4.01%
COLD	F	3.88%
NHI	A	3.61%
ARE	D	3.24%
CCI	D	2.69%
DRH	F	2.13%
VAC	D	1.88%

BYRE Underweight 23 Positions Relative to MVRL

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