CARU vs. KGRN ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to KraneShares MSCI China Clean Technology ETF (KGRN)

CARU

Bank Of Montreal MAX Auto Industry 3x Leveraged ETN

CARU Description

CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged 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, CARU 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

$26.83

Average Daily Volume

157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KGRN

KraneShares MSCI China Clean Technology ETF

KGRN Description

The investment seeks to provide investment results that correspond to the price and yield performance of MSCI China IMI Environment 10/40 Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index, depositary receipts. The underlying index is a modified, free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies that derive at least a majority of their revenues from environmentally beneficial products and services, as determined by MSCI Inc. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.70

Average Daily Volume

21,735

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	KGRN
30 Days	25.34%	-2.28%
60 Days	18.09%	14.47%
90 Days	5.78%	16.41%
12 Months	72.70%	-4.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in KGRN	Overlap

CARU Overweight 20 Positions Relative to KGRN

Symbol	Grade	Weight
TSLA	B	11.83%
F	C	10.52%
GM	C	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	D	3.0%
LAD	A	2.29%
AN	C	1.91%
TM	F	1.91%
ABG	C	1.31%
GPI	B	1.26%
FSS	B	0.91%
PAG	B	0.87%
HMC	F	0.78%

CARU Underweight 5 Positions Relative to KGRN

Symbol	Grade	Weight
LI	F	-7.87%
XPEV	C	-6.89%
NIO	F	-4.48%
JKS	F	-1.14%
TUYA	D	-0.54%

CARU: Top Represented Industries & Keywords

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