MORT vs. MSTB ETF Comparison

Comparison of Market Vectors Mortgage REIT Income ETF (MORT) to LHA Market State Tactical Beta ETF (MSTB)

MORT

Market Vectors Mortgage REIT Income ETF

MORT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Global Mortgage REITs Index (the "Mortgage REITs Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Mortgage REITs Index is comprised of stocks of publicly traded U.S. mortgage REITs that derive at least 50% of their revenues (or, where applicable, have at least 50% of their assets) from mortgage-related activity. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.50

Average Daily Volume

270,198

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

MSTB

LHA Market State Tactical Beta ETF

MSTB Description

The investment seeks to provide returns that outperform the large-capitalization U.S. equity market on a risk-adjusted basis. The fund seeks to achieve its objective by estimating the direction and magnitude of S&P 500 Index volatility based on the movement of the CBOE Volatility Index® (the VIX® Index). Under normal market conditions, its baseline exposure each day to the S&P 500 Index is approximately 90%, which the fund's portfolio managers then adjust based on a quantitative model and analysis of the movement of the VIX Index. Its exposure may be significantly greater or less than 90% at any given time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.34

Average Daily Volume

9,407

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	MORT	MSTB
30 Days	10.26%	3.09%
60 Days	5.39%	1.59%
90 Days	5.95%	4.22%
12 Months	16.06%	20.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in MORT	Weight in MSTB	Overlap

MORT Overweight 17 Positions Relative to MSTB

	Symbol	Grade	Weight
	AGNC	C	11.59%
	STWD	C	9.81%
	HASI	A	5.53%
	ABR	B	4.97%
	BXMT	D	4.51%
	LADR	B	3.53%
	RC	D	3.4%
	ARI	F	3.02%
	PMT	B	2.61%
	EFC	B	2.59%
	CIM	F	2.59%
	DX	C	2.01%
	RWT	C	2.0%
	BRSP	F	1.87%
	ACRE	F	1.06%
	CMTG	F	1.04%
	KREF	F	1.0%

MORT Underweight 1 Positions Relative to MSTB

	Symbol	Grade	Weight
	VIXY	F	-6.17%

MORT: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Residential REIT - Mortgage REIT - Office REIT - Retail Specialty Finance

Keywords: Mortgage Loan Real Estate Investment Trust Mortgage Backed Security Structured Finance Real Estate Mortgage Investment Conduit Loan Private Equity Real Estate Finance Commercial Mortgage Backed Security Mezzanine Capital Real Estate Investing Residential Mortgage Backed Security Collateralized Debt Obligation Commercial Mortgage Mortgage Private Money Investing Retail Properties American Capital American Home Mortgage Asset Backed Security

MSTB: Top Represented Industries & Keywords

Industries:

Keywords: Asset Bank Deposits Cash And Cash Equivalents Chicago Board Options Exchange Money Market Repurchase Agreement Technical Analysis U.S. Treasury VIX