MVRL vs. LSAT ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

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

$16.88

Average Daily Volume

9,774

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$37.36

Average Daily Volume

11,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	LSAT
30 Days	-0.92%	-2.07%
60 Days	0.19%	2.31%
90 Days	6.77%	7.39%
12 Months	19.56%	21.39%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in LSAT	Overlap

MVRL Overweight 23 Positions Relative to LSAT

Symbol	Grade	Weight
NLY	A	13.03%
AGNC	C	8.86%
STWD	D	8.19%
CIM	D	5.48%
HASI	C	5.04%
BXMT	F	4.84%
ABR	C	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	C	2.49%
RC	C	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%

MVRL Underweight 30 Positions Relative to LSAT

Symbol	Grade	Weight
VST	B	-3.63%
PPC	A	-3.59%
FOX	B	-3.5%
SRE	B	-3.44%
MPC	D	-3.43%
POST	B	-3.42%
ARW	B	-3.42%
EBAY	C	-3.41%
VLO	D	-3.38%
JEF	B	-3.36%
TDC	F	-3.33%
DD	A	-3.31%
ADTN	D	-3.3%
DE	B	-3.3%
DINO	F	-3.29%
MAR	D	-3.29%
HLT	D	-3.27%
HRB	C	-3.27%
CNC	C	-3.26%
TNL	D	-3.26%
EXPD	D	-3.21%
DKS	B	-3.2%
JNJ	F	-3.19%
SPB	C	-3.19%
NXST	C	-3.18%
MTG	C	-3.17%
LH	F	-3.14%
NSA	D	-3.08%
CMCSA	F	-3.08%
BMY	F	-2.86%