CARU vs. SUPP ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Engine No. 1 Transform Supply Chain ETF (SUPP)

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

SUPP

Engine No. 1 Transform Supply Chain ETF

SUPP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, ADR securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.46

Average Daily Volume

996

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	SUPP
30 Days	25.34%	1.01%
60 Days	18.09%	3.56%
90 Days	5.78%	4.89%
12 Months	72.70%	30.86%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in SUPP	Overlap

CARU Overweight 20 Positions Relative to SUPP

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 17 Positions Relative to SUPP

Symbol	Grade	Weight
WCN	A	-9.25%
WSC	F	-7.52%
MLM	C	-6.91%
TSM	B	-6.71%
TDG	D	-6.36%
NVDA	B	-6.33%
ETN	A	-5.67%
VMC	B	-5.45%
PTC	B	-5.27%
TT	A	-5.17%
WM	B	-3.96%
MU	D	-3.16%
WMS	F	-2.82%
CSX	C	-2.54%
SAIA	B	-1.37%
LRCX	F	-1.27%
URI	C	-1.04%

CARU: Top Represented Industries & Keywords

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