PFFL vs. HFND ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

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

$9.97

Average Daily Volume

3,222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.79

Average Daily Volume

7,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	HFND
30 Days	-2.74%	1.65%
60 Days	-5.33%	2.50%
90 Days	1.85%	3.86%
12 Months	23.41%	11.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in HFND	Overlap
	PFF	C	50.23%	0.38%	0.38%

PFFL Overweight 1 Positions Relative to HFND

	Symbol	Grade	Weight
	PGX	D	49.77%

PFFL Underweight 8 Positions Relative to HFND

Symbol	Grade	Weight
BKLN	A	-5.13%
ICVT	A	-4.02%
VFMO	A	-3.58%
CMBS	C	-3.43%
IGHG	B	-2.71%
VTWO	B	-1.62%
VMBS	C	--0.42%
XLRE	C	--1.1%

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