ABEQ vs. LTL ETF Comparison

Comparison of Absolute Core Strategy ETF (ABEQ) to ProShares Ultra Telecommunications ProShares (LTL)

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.60

Average Daily Volume

4,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LTL

ProShares Ultra Telecommunications ProShares

LTL Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.50

Average Daily Volume

1,287

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ABEQ	LTL
30 Days	2.00%	2.31%
60 Days	4.99%	6.37%
90 Days	7.84%	7.30%
12 Months	18.25%	68.31%

2 Overlapping Holdings

	Symbol	Grade	Weight in ABEQ	Weight in LTL	Overlap
	CMCSA	D	3.42%	2.5%	2.5%
	VZ	B	2.57%	2.63%	2.57%

ABEQ Overweight 13 Positions Relative to LTL

Symbol	Grade	Weight
BRK.A	C	11.26%
UL	C	7.0%
L	D	6.33%
MDT	C	4.53%
MRK	D	4.35%
DD	B	4.14%
TRV	B	3.65%
EQC	D	3.41%
EOG	D	3.29%
CSCO	B	2.91%
CTVA	B	2.85%
IFF	C	2.67%
CCI	C	1.53%

ABEQ Underweight 20 Positions Relative to LTL

Symbol	Grade	Weight
META	A	-12.67%
GOOGL	D	-5.79%
GOOG	D	-4.84%
T	C	-2.91%
TMUS	C	-2.73%
CHTR	D	-2.67%
EA	D	-2.54%
NFLX	B	-2.43%
DIS	D	-2.13%
TTWO	D	-1.96%
OMC	B	-1.55%
WBD	D	-1.37%
LYV	B	-1.11%
IPG	C	-0.93%
NWSA	D	-0.79%
MTCH	C	-0.75%
FOXA	B	-0.72%
PARA	F	-0.41%
FOX	B	-0.38%
NWS	D	-0.25%