BRAZ vs. BERZ ETF Comparison

Comparison of Global X Brazil Active ETF (BRAZ) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

286

Number of Holdings ^*

* 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

$14.33

Average Daily Volume

105,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BRAZ	BERZ
30 Days	-4.49%	-14.14%
60 Days	-7.27%	-23.70%
90 Days	-11.69%	-27.15%
12 Months	-16.18%	-70.21%

0 Overlapping Holdings

	Symbol	Grade	Weight in BRAZ	Weight in BERZ	Overlap

BRAZ Overweight 12 Positions Relative to BERZ

Symbol	Grade	Weight
PBR	D	10.24%
NU	C	9.62%
ITUB	F	8.52%
VALE	F	6.86%
BBD	D	4.91%
ASAI	F	3.75%
EBR	F	3.34%
SUZ	B	2.8%
ARCO	F	2.09%
ELP	F	1.94%
ABEV	F	1.89%
MELI	C	1.22%

BRAZ Underweight 15 Positions Relative to BERZ

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