HAWX vs. PFFL ETF Comparison

Comparison of iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) to ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL)

HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

HAWX Description

The iShares Currency Hedged MSCI ACWI ex U.S. ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging equities while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.

Grade (RS Rating)

Last Trade

$32.60

Average Daily Volume

26,213

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

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 ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	HAWX	PFFL
30 Days	-1.96%	-5.76%
60 Days	0.80%	-7.53%
90 Days	1.96%	1.02%
12 Months	17.89%	20.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in HAWX	Weight in PFFL	Overlap

HAWX Overweight 6 Positions Relative to PFFL

	Symbol	Grade	Weight
	ACWX	D	98.12%
	HKD	F	0.0%
	SGD	F	0.0%
	CNH	C	0.0%
	IDR	C	0.0%
	NOK	D	0.0%

HAWX Underweight 2 Positions Relative to PFFL

	Symbol	Grade	Weight
	PFF	C	-50.23%
	PGX	D	-49.77%

HAWX: Top Represented Industries & Keywords

Industries: Communication Equipment Farm & Construction Equipment Gold Real Estate - Development Software - Application

Keywords: Agricultural Equipment Application Developers Automobile Manufacturers Broadband Capitalization Weighted Index Communications Infrastructure Computing Construction Equipment Device Manufacturers Digital Media ETF Exchange Traded Fund Farm Machinery Feature Phone Forage Equipment Heavy Equipment Information Appliances Internet Service Provider Loader Location Based Products

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