DULL vs. DWAT ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043 (DULL) to Arrow DWA Tactical ETF (DWAT)
DULL

Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043

DULL Description

The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the ETF on a daily basis. The notes are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a "buy and hold" strategy.

Grade (RS Rating)

Last Trade

$11.60

Average Daily Volume

5,835

Number of Holdings *

10

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

Arrow DWA Tactical ETF

DWAT Description The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.19

Average Daily Volume

551

Number of Holdings *

4

* may have additional holdings in another (foreign) market
Performance
Period DULL DWAT
30 Days -4.66% 2.46%
60 Days -8.37% 4.28%
90 Days -8.90% 1.35%
12 Months -47.49% 11.92%
0 Overlapping Holdings
Symbol Grade Weight in DULL Weight in DWAT Overlap
DULL Overweight 10 Positions Relative to DWAT
Symbol Grade Weight
WPM C 11.85%
PAAS B 5.16%
CDE A 5.05%
HL C 4.81%
AGI C 4.45%
SSRM F 4.32%
MAG C 2.88%
SVM C 1.62%
MUX C 1.57%
EXK B 1.03%
DULL Underweight 4 Positions Relative to DWAT
Symbol Grade Weight
RPV D -10.38%
VOT B -9.6%
MTUM A -9.06%
PSLV B -8.5%
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