CARD vs. MGMT ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Ballast Small/Mid Cap ETF (MGMT)
CARD

Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN

CARD Description

CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARD is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.

Grade (RS Rating)

Last Trade

$7.21

Average Daily Volume

2,286

Number of Holdings *

20

* may have additional holdings in another (foreign) market
MGMT

Ballast Small/Mid Cap ETF

MGMT Description The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$43.78

Average Daily Volume

12,246

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period CARD MGMT
30 Days -33.65% 15.23%
60 Days -27.31% 14.37%
90 Days -24.37% 16.31%
12 Months -73.66% 27.93%
0 Overlapping Holdings
Symbol Grade Weight in CARD Weight in MGMT Overlap
CARD Overweight 20 Positions Relative to MGMT
Symbol Grade Weight
TSLA B 11.83%
F C 10.52%
GM B 10.14%
RIVN F 8.97%
ORLY B 8.54%
CVNA B 8.54%
AZO C 8.54%
KMX B 4.15%
GPC D 4.01%
STLA F 3.91%
LCID F 3.47%
AAP C 3.0%
LAD A 2.29%
AN C 1.91%
TM D 1.91%
ABG B 1.31%
GPI A 1.26%
FSS B 0.91%
PAG B 0.87%
HMC F 0.78%
CARD Underweight 44 Positions Relative to MGMT
Symbol Grade Weight
NRP B -5.38%
AGM C -3.65%
CVCO A -3.49%
PHIN A -3.41%
IGIC B -3.36%
EXP A -2.96%
CEIX A -2.89%
TPB B -2.75%
MTG C -2.69%
AZZ B -2.66%
CBNK B -2.64%
BELFB C -2.51%
CASS B -2.36%
GEO B -2.22%
LSTR D -2.14%
IMXI B -2.11%
PATK D -2.03%
TDC D -1.98%
BLCO D -1.96%
LII A -1.94%
ECVT C -1.87%
G B -1.58%
BCO D -1.54%
EPR D -1.53%
BWA D -1.5%
RCMT C -1.46%
KOS F -1.38%
KN B -1.28%
CMPO A -1.25%
TRIP F -1.23%
GSM D -1.22%
IPGP D -1.13%
EPSN B -1.12%
IMKTA C -1.06%
BIOX F -1.05%
IRMD C -1.03%
EXTR B -1.02%
GPRE F -0.97%
CRMT C -0.96%
NTIC C -0.9%
DOX D -0.9%
TKR D -0.89%
UFPT B -0.89%
RMNI C -0.41%
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