PFFL vs. MSTQ ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to LHA Market State Tactical Q ETF (MSTQ)

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

MSTQ

LHA Market State Tactical Q ETF

MSTQ Description

LHA Market State Tactical Q ETF is an exchange traded fund launched by ETF Series Solutions. The fund is managed by Little Harbor Advisors, LLC. It invests in the public equity markets of the United States. The fund invests directly, through other funds and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as futures and options to create its portfolio. It employs long/short strategy to create its portfolio. The fund invests in growth stocks of large-cap companies. It employs quantitative analysis to create its portfolio. ETF Series Solutions - LHA Market State Tactical Q ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.51

Average Daily Volume

2,102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	MSTQ
30 Days	-2.74%	2.17%
60 Days	-5.33%	2.32%
90 Days	1.85%	2.18%
12 Months	23.41%	24.93%

0 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in MSTQ	Overlap

PFFL Overweight 2 Positions Relative to MSTQ

	Symbol	Grade	Weight
	PFF	C	50.23%
	PGX	D	49.77%

PFFL Underweight 1 Positions Relative to MSTQ

	Symbol	Grade	Weight
	QQQ	B	-47.32%

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

MSTQ: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Invesco Powershares Nasdaq 100 Nasdaq 100 Index Nasdaq Composite Index Stock Market Index