EFNL vs. BERZ ETF Comparison

Comparison of iShares MSCI Finland Capped ETF (EFNL) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

EFNL

iShares MSCI Finland Capped ETF

EFNL Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Finland IMI 25/50 Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a custom index designed to measure broad-based equity market performance in Finland. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.36

Average Daily Volume

9,379

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$18.06

Average Daily Volume

123,666

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EFNL	BERZ
30 Days	0.43%	-10.37%
60 Days	7.93%	-30.30%
90 Days	4.56%	3.02%
12 Months	24.94%	-76.19%

0 Overlapping Holdings

	Symbol	Grade	Weight in EFNL	Weight in BERZ	Overlap

EFNL Overweight 1 Positions Relative to BERZ

	Symbol	Grade	Weight
	NOK	B	14.27%

EFNL Underweight 15 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	C	-6.67%
CRM	B	-6.67%
PANW	D	-6.67%
NVDA	C	-6.67%
NFLX	A	-6.67%
MU	D	-6.67%
INTC	D	-6.67%
GOOGL	B	-6.67%
AVGO	C	-6.67%
AMZN	C	-6.67%
AMD	D	-6.67%
ADBE	F	-6.67%
AAPL	C	-6.67%
MSFT	D	-6.67%
META	A	-6.67%