MDIV vs. PFF ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to iShares US Preferred Stock ETF (PFF)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.62

Average Daily Volume

85,716

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.53

Average Daily Volume

3,723,923

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	PFF
30 Days	1.10%	-1.83%
60 Days	0.55%	-2.40%
90 Days	3.73%	2.10%
12 Months	18.30%	13.93%

17 Overlapping Holdings

Symbol	Grade	Weight in MDIV	Weight in PFF	Overlap
AGNCN	A	1.09%	0.21%	0.21%
CHSCL	B	0.76%	0.33%	0.33%
CHSCM	D	0.69%	0.31%	0.31%
CHSCN	D	0.72%	0.27%	0.27%
CHSCO	C	0.78%	0.36%	0.36%
DUK	C	0.34%	0.62%	0.34%
EIX	C	0.34%	0.12%	0.12%
EPR	D	0.99%	0.06%	0.06%
FITBI	A	0.79%	0.29%	0.29%
PMT	D	1.47%	0.07%	0.07%
PRU	B	0.4%	0.19%	0.19%
PSA	D	0.56%	0.07%	0.07%
REG	A	0.57%	0.07%	0.07%
RZC	C	0.72%	0.46%	0.46%
SR	A	0.42%	0.15%	0.15%
T	A	0.6%	0.88%	0.6%
T	A	0.6%	0.64%	0.6%

MDIV Overweight 87 Positions Relative to PFF

Symbol	Grade	Weight
HYLS	A	20.0%
IEP	F	1.51%
ARLP	A	1.41%
DMLP	A	1.3%
BSM	B	1.28%
KRP	B	1.27%
DKL	C	1.2%
CAPL	D	1.17%
USAC	B	1.16%
APLE	B	1.05%
LADR	B	1.03%
GLP	A	0.96%
MPLX	A	0.95%
LTC	B	0.94%
CQP	B	0.92%
ET	A	0.91%
NRP	B	0.89%
WES	C	0.86%
GTY	A	0.84%
HST	D	0.83%
EPD	A	0.82%
GLPI	C	0.79%
SPG	A	0.77%
SUN	C	0.74%
AAT	A	0.72%
PAA	B	0.71%
VICI	C	0.71%
IIPR	F	0.71%
FCPT	C	0.71%
PAGP	A	0.67%
NHI	D	0.65%
WU	F	0.64%
NNN	C	0.64%
BRX	A	0.63%
ALEX	A	0.62%
LAMR	D	0.61%
VZ	C	0.6%
CTRE	C	0.6%
CDP	D	0.58%
MAA	B	0.57%
CUBE	D	0.56%
BMY	B	0.55%
CHRD	F	0.54%
ENLC	A	0.51%
OKE	A	0.51%
FANG	C	0.47%
TROW	B	0.46%
DTM	A	0.45%
NWE	C	0.45%
GILD	B	0.44%
EVRG	A	0.44%
GEL	D	0.44%
ETR	A	0.44%
BKH	A	0.43%
AVA	C	0.43%
HMN	B	0.42%
PINC	B	0.42%
LYB	F	0.41%
CVX	A	0.41%
PNM	B	0.39%
XEL	A	0.39%
VTRS	A	0.39%
EXC	C	0.38%
CAG	D	0.38%
OGS	A	0.38%
KHC	F	0.38%
ES	C	0.37%
FLO	D	0.37%
WEC	A	0.37%
DVN	F	0.36%
POR	C	0.36%
PNC	B	0.36%
MSM	D	0.36%
DRI	C	0.36%
FE	C	0.35%
IBM	C	0.34%
IPG	D	0.34%
NJR	A	0.34%
SJM	D	0.33%
FAF	A	0.33%
SON	D	0.32%
NFG	A	0.32%
KMB	C	0.31%
MDT	D	0.31%
AEP	C	0.31%
GIS	D	0.3%
NMM	C	0.05%

MDIV Underweight 210 Positions Relative to PFF

Symbol	Grade	Weight
C	B	-1.68%
ALB	B	-1.35%
HPE	B	-1.13%
NEE	C	-1.08%
ARES	A	-1.0%
TBB	C	-0.79%
SOJD	D	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
NEE	C	-0.42%
JPM	B	-0.41%
APO	B	-0.4%
CMSD	C	-0.38%
MET	A	-0.37%
JXN	C	-0.37%
SO	C	-0.37%
F	C	-0.37%
LNC	B	-0.35%
PRS	C	-0.35%
WCC	B	-0.35%
BTSG	B	-0.35%
SYF	B	-0.33%
BANC	B	-0.32%
GTLS	A	-0.32%
QRTEP	D	-0.32%
CTDD	B	-0.31%
DUKB	C	-0.31%
AXS	A	-0.31%
SCHW	A	-0.31%
WFC	A	-0.31%
STT	A	-0.31%
UZE	B	-0.29%
USM	B	-0.29%
BAC	A	-0.28%
BPYPM	D	-0.28%
NLY	D	-0.27%
SOJC	D	-0.27%
TPG	A	-0.26%
PFH	D	-0.25%
RZB	C	-0.25%
MS	B	-0.25%
KEY	B	-0.25%
CFG	B	-0.24%
CG	B	-0.24%
KKR	B	-0.24%
TDS	B	-0.23%
PBI	C	-0.23%
DTW	D	-0.23%
FG	B	-0.23%
HIG	A	-0.22%
NTRS	A	-0.22%
CHSCP	F	-0.22%
EAI	D	-0.22%
USB	A	-0.21%
FCNCA	A	-0.2%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	D	-0.19%
ATHS	C	-0.19%
ACGLO	D	-0.19%
VOYA	B	-0.19%
RF	A	-0.19%
UMH	B	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	C	-0.18%
KREF	D	-0.17%
CMSC	C	-0.17%
TCBI	B	-0.16%
ALL	A	-0.16%
MTB	A	-0.16%
WAL	B	-0.16%
TVC	C	-0.15%
ELC	D	-0.15%
BHF	B	-0.15%
NRUC	D	-0.15%
NAVI	F	-0.15%
RNR	C	-0.15%
GPJA	D	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	C	-0.14%
GL	C	-0.14%
AIZN	D	-0.14%
EQH	B	-0.14%
HPP	F	-0.14%
EMP	D	-0.14%
PNFP	B	-0.14%
AGNC	C	-0.14%
DBRG	F	-0.13%
SNV	B	-0.13%
DDT	A	-0.13%
KMI	A	-0.13%
NSA	C	-0.13%
WRB	A	-0.12%
TVE	C	-0.12%
SLMBP	D	-0.12%
VNO	C	-0.12%
GS	B	-0.12%
SLG	B	-0.12%
CMSA	D	-0.12%
KIM	A	-0.12%
FCNCO	D	-0.12%
FITB	B	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	D	-0.11%
AUB	B	-0.11%
CMS	C	-0.11%
DTE	C	-0.11%
HWC	B	-0.11%
AFGC	D	-0.11%
DLR	A	-0.11%
NYMTM	A	-0.11%
SIGI	C	-0.1%
WSBC	B	-0.1%
TRTX	B	-0.1%
SPLP	D	-0.1%
FULT	B	-0.1%
AFGE	D	-0.1%
RITM	D	-0.1%
VLY	B	-0.1%
DHC	F	-0.1%
TFC	B	-0.1%
SF	B	-0.1%
HBAN	B	-0.1%
CIM	D	-0.09%
AMG	B	-0.09%
KMPR	A	-0.09%
GPMT	B	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	D	-0.09%
AHH	D	-0.09%
BNRE.A	A	-0.09%
BOH	B	-0.08%
CFR	B	-0.08%
QVCD	D	-0.08%
ATLC	A	-0.08%
TWO	D	-0.08%
GAIN	B	-0.08%
CTVA	C	-0.08%
AFGB	C	-0.08%
LANDO	C	-0.08%
BC	F	-0.08%
NYMTL	A	-0.08%
ARGD	D	-0.08%
CNO	B	-0.08%
FRT	B	-0.08%
WTFCM	A	-0.08%
MBIN	F	-0.08%
WBS	A	-0.08%
NYMTN	D	-0.08%
ADC	A	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
AMH	C	-0.07%
BPOPM	C	-0.07%
PCG	A	-0.07%
CLDT	C	-0.07%
IVR	D	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
CTO	B	-0.07%
MHNC	C	-0.07%
FTAI	A	-0.07%
ONB	B	-0.07%
VLYPP	A	-0.07%
NEWT	B	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
DRH	B	-0.07%
EQC	A	-0.07%
TRIN	A	-0.07%
FHN	B	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	D	-0.06%
BFS	C	-0.06%
PEB	F	-0.06%
LXP	D	-0.06%
COF	B	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	D	-0.06%
GNL	D	-0.06%
BW	C	-0.06%
SAR	A	-0.06%
BAC	A	-0.06%
DCOMP	D	-0.06%
FATBP	F	-0.05%
MHLA	B	-0.05%
CIO	F	-0.05%
INN	D	-0.05%
SHO	D	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	B	-0.04%
OPI	F	-0.04%
BHR	C	-0.03%
XELAP	F	-0.0%