PFFL vs. MFUL ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to Mindful Conservative ETF (MFUL)

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

$9.81

Average Daily Volume

4,825

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

MFUL

Mindful Conservative ETF

MFUL Description

Mindful Conservative ETF is an exchange traded fund of fund launched by Collaborative Investment Series Trust. The fund is co-managed by Tuttle Tactical Management, LLC and Retireful, LLC. It invests public equity and fixed income markets of global emerging region. For its equity portion, the fund invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations, within the market capitalization range of MSCI Emerging Market index. For its fixed income portion, the fund invests through other funds in below investment grade securities that are rated below Baa3 by Moody’s Investors Service or below BBB- by Standard and Poor’s Rating Group. The fund invests in securities of any maturity. The fund employs proprietary research to create its portfolio. Mindful Conservative ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$21.15

Average Daily Volume

17,141

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	MFUL
30 Days	-2.95%	-0.47%
60 Days	-3.70%	-0.04%
90 Days	0.19%	1.20%
12 Months	17.27%	2.74%

0 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in MFUL	Overlap

PFFL Overweight 2 Positions Relative to MFUL

	Symbol	Grade	Weight
	PFF	C	50.23%
	PGX	C	49.77%

PFFL Underweight 10 Positions Relative to MFUL

	Symbol	Grade	Weight
	GBIL	A	-18.46%
	BIL	A	-12.41%
	STIP	A	-7.87%
	SGOV	B	-7.63%
	RLY	A	-7.42%
	SCHD	C	-7.13%
	ICVT	B	-6.74%
	USFR	A	-6.68%
	VCIT	A	-6.17%
	CORP	A	-3.67%

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

MFUL: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond U.S. Treasury Bloomberg Barclays Us Aggregate Bond Index Convertibles Index Fund Merrill Lynch Swaps Us Treasury Bank Of America Barclays Bond Market Bond Market Indices Cash And Cash Equivalents Collateralized Debt Obligation Corporate Bond Debt Securities Dividend Dividend Yield