PFFL vs. QAI ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

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

$9.73

Average Daily Volume

4,793

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QAI

IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF

QAI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Grade (RS Rating)

Last Trade

$30.72

Average Daily Volume

99,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	QAI
30 Days	-3.24%	-0.45%
60 Days	-2.42%	0.56%
90 Days	-2.64%	2.43%
12 Months	20.28%	9.12%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in QAI	Overlap
	PFF	B	50.23%	-0.47%	-0.47%

PFFL Overweight 1 Positions Relative to QAI

	Symbol	Grade	Weight
	PGX	C	49.77%

PFFL Underweight 40 Positions Relative to QAI

Symbol	Grade	Weight
FLOT	A	-15.77%
MUB	B	-3.6%
SIVR	B	-0.0%
GLDM	B	--0.01%
SPHQ	C	--0.01%
PIN	A	--0.01%
FLJP	C	--0.01%
VGLT	D	--0.02%
CTA	A	--0.03%
BBJP	B	--0.04%
SCHG	B	--0.04%
KMLM	D	--0.05%
COMT	B	--0.05%
VMBS	C	--0.07%
PFFD	C	--0.08%
MBB	C	--0.12%
ARB	B	--0.17%
DBMF	B	--0.18%
SOXX	D	--0.18%
HYLB	A	--0.23%
MTUM	C	--0.3%
PDBC	B	--0.34%
DBA	C	--0.36%
SRLN	A	--0.41%
SCHR	D	--0.41%
JEPI	D	--0.45%
BKLN	A	--0.53%
JEPQ	A	--0.55%
VTEB	B	--0.55%
FXB	C	--0.57%
ICVT	C	--0.57%
STIP	A	--0.57%
MNA	F	--0.71%
FLRN	A	--0.86%
UUP	A	--0.97%
BIL	A	--1.05%
CWB	C	--1.15%
VGIT	D	--1.26%
SGOV	B	--1.28%
BWX	C	--2.08%

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

QAI: Top Represented Industries & Keywords

Industries: