CARD vs. NETZ ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD) to Engine No. 1 Transform Climate ETF (NETZ)

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

$10.49

Average Daily Volume

2,186

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NETZ

Engine No. 1 Transform Climate ETF

NETZ Description

Engine No. 1 Transform Climate ETF is an exchange traded fund launched and managed by Engine No.1 LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Engine No. 1 Transform Climate ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$72.85

Average Daily Volume

33,082

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARD	NETZ
30 Days	-2.21%	-1.53%
60 Days	8.56%	3.60%
90 Days	-11.59%	11.16%
12 Months	-62.84%	42.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARD	Weight in NETZ	Overlap

CARD Overweight 20 Positions Relative to NETZ

Symbol	Grade	Weight
TSLA	A	11.83%
F	D	10.52%
GM	B	10.14%
RIVN	F	8.97%
ORLY	C	8.54%
CVNA	A	8.54%
AZO	D	8.54%
KMX	F	4.15%
GPC	F	4.01%
STLA	F	3.91%
LCID	F	3.47%
AAP	F	3.0%
LAD	A	2.29%
AN	F	1.91%
TM	D	1.91%
ABG	C	1.31%
GPI	C	1.26%
FSS	F	0.91%
PAG	F	0.87%
HMC	F	0.78%

CARD Underweight 20 Positions Relative to NETZ

Symbol	Grade	Weight
RSG	D	-9.03%
GE	D	-8.63%
MSFT	D	-6.77%
VRT	B	-6.42%
GEV	A	-5.12%
TT	C	-4.95%
FANG	F	-4.89%
XOM	C	-4.88%
UNP	D	-4.68%
VST	B	-3.71%
WM	A	-3.66%
AMAT	F	-2.35%
HUBB	B	-2.12%
OXY	F	-1.98%
FSLR	C	-1.95%
COP	D	-1.85%
CEG	B	-1.44%
NVT	D	-1.02%
CVX	A	-1.0%
DE	B	-0.93%

CARD: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls