AAPX vs. BERZ ETF Comparison

Comparison of T-Rex 2X Long Apple Daily Target ETF (AAPX) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

AAPX

T-Rex 2X Long Apple Daily Target ETF

AAPX Description

The fund, under normal circumstances, invests in swap agreements that provide 200% daily exposure to AAPL equal to at least 80% of its net assets (plus any borrowings for investment purposes). It will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned on an investment by the fund in AAPL that is equal, on a daily basis, to 200% of the value of the fund"s net assets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.67

Average Daily Volume

7,696

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$13.58

Average Daily Volume

111,282

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	AAPX	BERZ
30 Days	0.73%	-19.36%
60 Days	3.68%	-44.75%
90 Days	7.72%	-45.24%
12 Months		-76.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in AAPX	Weight in BERZ	Overlap
	AAPL	B	82.33%	6.67%	6.67%

AAPX Overweight 0 Positions Relative to BERZ

	Symbol	Grade	Weight

AAPX Underweight 14 Positions Relative to BERZ

	Symbol	Grade	Weight
	TSLA	A	-6.67%
	CRM	B	-6.67%
	PANW	A	-6.67%
	NVDA	A	-6.67%
	NFLX	A	-6.67%
	MU	C	-6.67%
	INTC	C	-6.67%
	GOOGL	B	-6.67%
	AVGO	B	-6.67%
	AMZN	A	-6.67%
	AMD	F	-6.67%
	ADBE	F	-6.67%
	MSFT	C	-6.67%
	META	B	-6.67%

AAPX: Top Represented Industries & Keywords

Industries: Consumer Electronics

Keywords: Cellular Network Computing Dow Jones Component Laptop Computer Nasdaq 100 Operating System S&P 500 Smartphones Streaming Services Subscription Services Tablet Computers

BERZ: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Internet Content & Information Auto Manufacturers Consumer Electronics Media - Diversified Semiconductor Memory Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Work From Home Dow Jones Component Mobile Devices Hyperscale Smartphones Software Consumer Electronics Design Manufacturers Laptop Computer Operating System Subscription Services Artificial Intelligence Baseband Baseband Processor CRM Cellular Telephone Cloud Computing