FLYU vs. CRUZ ETF Comparison

Comparison of Bank of Montreal MicroSectors Travel 3x Leveraged ETN (FLYU) to Defiance Hotel, Airline, and Cruise ETF (CRUZ)

FLYU

Bank of Montreal MicroSectors Travel 3x Leveraged ETN

FLYU Description

The index is a net total return index that tracks the stock prices of U.S. listed securities thatare materially engaged in specified segments of the travel industry.

Grade (RS Rating)

Last Trade

$41.13

Average Daily Volume

4,421

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

CRUZ

Defiance Hotel, Airline, and Cruise ETF

CRUZ Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the “index”). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (“Travel Companies”) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.95

Average Daily Volume

8,521

Number of Holdings ^*

27

* may have additional holdings in another (foreign) market

Performance

Period	FLYU	CRUZ
30 Days	20.11%	7.08%
60 Days	51.17%	16.32%
90 Days	-2.33%	5.91%
12 Months	53.39%	27.43%

6 Overlapping Holdings

	Symbol	Grade	Weight in FLYU	Weight in CRUZ	Overlap
	AAL	D	4.73%	1.85%	1.85%
	CCL	C	5.23%	5.06%	5.06%
	DAL	C	4.29%	7.46%	4.29%
	MAR	B	3.83%	7.91%	3.83%
	RCL	C	3.43%	7.53%	3.43%
	UAL	B	3.91%	3.74%	3.74%

FLYU Overweight 4 Positions Relative to CRUZ

	Symbol	Grade	Weight
	UBER	C	14.14%
	DIS	D	13.2%
	BKNG	C	9.4%
	ABNB	D	7.98%

FLYU Underweight 21 Positions Relative to CRUZ

	Symbol	Grade	Weight
	HLT	A	-7.87%
	IHG	C	-4.01%
	LUV	B	-2.85%
	HST	D	-2.74%
	NCLH	C	-2.38%
	HTHT	A	-1.77%
	RHP	C	-1.59%
	ALK	B	-1.44%
	WH	C	-1.4%
	H	C	-1.06%
	CHH	B	-0.86%
	APLE	D	-0.83%
	PK	D	-0.81%
	SKYW	B	-0.8%
	ATAT	A	-0.63%
	CPA	D	-0.62%
	SHO	D	-0.6%
	JBLU	B	-0.55%
	RLJ	D	-0.51%
	DRH	C	-0.51%
	PEB	D	-0.38%

FLYU: Top Represented Industries & Keywords

Industries: Airlines Leisure Internet Content & Information Lodging Media - Diversified Software - Application Travel Services

Keywords: S&P 500 Aviation Nasdaq 100 Opentravel Alliance Cruise Lines Gig Economy Hospitality Industry Sharing Economy Transport Travel Water Transport Accenture Advertising Services Air Transportation Air Transportation Services Airbnb Aircraft Management Airline Airline Industry Airport

CRUZ: Top Represented Industries & Keywords

Industries: Airlines Lodging REIT - Hotel & Motel Leisure

Keywords: Hospitality Industry S&P 500 Aviation Hotel Real Estate Investment Trust Airline Opentravel Alliance Travel Air Transportation Hotel Chains Tourism Air Transportation Services Cruise Lines Franchising Marriott International Real Estate Market Airport Cargo Services Cruise Ship Gaylord Hotels