BERZ vs. SOXX ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to iShares PHLX SOX Semiconductor Sector Index Fund (SOXX)

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

$14.22

Average Daily Volume

104,363

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SOXX

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX Description

The iShares PHLX SOX Semiconductor Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index

Grade (RS Rating)

Last Trade

$216.17

Average Daily Volume

2,976,723

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	SOXX
30 Days	-19.93%	-4.37%
60 Days	-22.76%	-3.49%
90 Days	-27.71%	-7.15%
12 Months	-70.44%	26.62%

5 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in SOXX	Overlap
AMD	F	6.67%	8.07%	6.67%
AVGO	D	6.67%	8.74%	6.67%
INTC	D	6.67%	4.72%	4.72%
MU	D	6.67%	4.37%	4.37%
NVDA	C	6.67%	10.6%	6.67%

BERZ Overweight 10 Positions Relative to SOXX

Symbol	Grade	Weight
TSLA	B	6.67%
CRM	B	6.67%
PANW	C	6.67%
NFLX	A	6.67%
GOOGL	C	6.67%
AMZN	C	6.67%
ADBE	C	6.67%
AAPL	C	6.67%
MSFT	F	6.67%
META	D	6.67%

BERZ Underweight 19 Positions Relative to SOXX

Symbol	Grade	Weight
QCOM	F	-6.31%
TXN	C	-6.3%
MRVL	B	-5.04%
ADI	D	-3.85%
NXPI	D	-3.69%
AMAT	F	-3.69%
LRCX	F	-3.68%
MCHP	D	-3.4%
KLAC	D	-3.23%
ON	D	-3.07%
MPWR	F	-2.7%
TER	D	-1.78%
ENTG	D	-1.62%
SWKS	F	-1.44%
ONTO	D	-0.86%
OLED	D	-0.78%
MKSI	C	-0.78%
LSCC	D	-0.72%
QRVO	F	-0.68%