PFFL vs. RDFI ETF Comparison

Comparison of ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25, 2048 (PFFL) to Rareview Dynamic Fixed Income ETF (RDFI)

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

$9.53

Average Daily Volume

5,044

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RDFI

Rareview Dynamic Fixed Income ETF

RDFI Description

The investment seeks total return with an emphasis on providing current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.39

Average Daily Volume

3,085

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFL	RDFI
30 Days	-5.00%	-2.13%
60 Days	-4.98%	-0.85%
90 Days	-4.71%	-0.13%
12 Months	11.08%	5.96%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFFL	Weight in RDFI	Overlap
	PFF	C	50.23%	1.3%	1.3%

PFFL Overweight 1 Positions Relative to RDFI

	Symbol	Grade	Weight
	PGX	C	49.77%

PFFL Underweight 29 Positions Relative to RDFI

Symbol	Grade	Weight
BIL	A	-8.51%
EMD	B	-7.55%
FPF	C	-7.54%
FAX	C	-6.29%
JPC	A	-5.67%
EDD	C	-5.5%
PDX	B	-4.59%
TEI	B	-4.2%
GHY	B	-3.74%
NVG	C	-3.35%
NZF	C	-3.34%
NAD	C	-3.0%
EAD	A	-2.75%
FTF	A	-2.23%
BLE	C	-2.03%
NPFD	B	-1.95%
NEA	C	-1.87%
MMU	C	-1.73%
IQI	C	-1.56%
ZROZ	D	-1.48%
VMO	C	-1.37%
MBB	C	-1.3%
ISD	C	-1.24%
VKQ	C	-0.93%
BTZ	C	-0.31%
IIM	C	-0.21%
MYI	D	-0.13%
MYD	C	-0.1%
MVF	C	-0.09%

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

RDFI: Top Represented Industries & Keywords

Industries: Asset Management