IETC vs. BULZ ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.94

Average Daily Volume

17,077

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

BULZ

MicroSectors FANG & Innovation 3x Leveraged ETN

BULZ Description

BULZ provides daily 3x 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 product with 3x factor that resets daily, BULZ 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

$134.80

Average Daily Volume

132,686

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	BULZ
30 Days	2.34%	-6.11%
60 Days	3.46%	-16.24%
90 Days	3.59%	-14.46%
12 Months	46.73%	119.01%

12 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in BULZ	Overlap
AAPL	C	2.43%	6.67%	2.43%
ADBE	F	1.19%	6.67%	1.19%
AMD	D	0.79%	6.67%	0.79%
AMZN	C	9.13%	6.67%	6.67%
AVGO	C	9.29%	6.67%	6.67%
CRM	D	5.25%	6.67%	5.25%
GOOGL	D	2.17%	6.67%	2.17%
META	A	1.74%	6.67%	1.74%
MSFT	C	9.18%	6.67%	6.67%
MU	F	0.36%	6.67%	0.36%
NVDA	D	5.91%	6.67%	5.91%
QCOM	F	1.43%	6.67%	1.43%

IETC Overweight 112 Positions Relative to BULZ

Symbol	Grade	Weight
ACN	C	5.05%
ORCL	B	4.2%
CSCO	B	2.33%
IBM	A	2.28%
MSI	B	2.14%
NOW	A	1.87%
GOOG	D	1.85%
CDNS	D	1.71%
ICE	C	1.64%
MANH	A	1.26%
VRSN	D	1.15%
GPN	D	1.1%
NTAP	D	1.0%
MA	B	0.9%
WDAY	D	0.89%
PH	A	0.89%
MPWR	C	0.83%
SPGI	A	0.77%
SSNC	B	0.74%
CDW	D	0.73%
EQIX	B	0.72%
ADSK	C	0.63%
ABNB	D	0.63%
IT	A	0.6%
FDS	C	0.59%
VRSK	D	0.59%
TYL	C	0.59%
ANET	A	0.58%
TTD	B	0.55%
TEAM	D	0.55%
ZM	C	0.49%
LMT	B	0.44%
CRWD	D	0.42%
CSGP	D	0.39%
ANSS	D	0.38%
SNOW	F	0.38%
PLTR	A	0.36%
MCO	A	0.35%
COIN	F	0.3%
TXN	C	0.3%
CPAY	C	0.29%
G	C	0.27%
TTEK	C	0.26%
UBER	C	0.24%
BAH	B	0.21%
KLAC	D	0.2%
FTNT	B	0.19%
SNPS	D	0.19%
MMC	C	0.19%
SQ	D	0.19%
BSY	D	0.18%
KEYS	C	0.18%
TRU	B	0.18%
DASH	B	0.17%
LRCX	F	0.17%
AKAM	D	0.16%
IRM	B	0.16%
JKHY	C	0.15%
PINS	F	0.15%
CACI	B	0.15%
OMC	B	0.15%
IQV	D	0.15%
QLYS	F	0.14%
DDOG	D	0.14%
TER	D	0.13%
NSIT	C	0.13%
MSTR	D	0.12%
MSCI	C	0.11%
HUBS	D	0.11%
IPG	C	0.11%
QRVO	F	0.1%
AON	B	0.1%
VEEV	C	0.1%
EA	D	0.1%
SLB	F	0.09%
FBIN	B	0.08%
NDAQ	A	0.08%
SLAB	D	0.07%
BBY	C	0.07%
CBOE	C	0.07%
ROK	F	0.07%
VRT	C	0.07%
SMCI	F	0.07%
HOOD	C	0.07%
SAIC	C	0.06%
CPNG	A	0.06%
ADP	B	0.06%
INTU	C	0.06%
JNPR	A	0.06%
CFLT	F	0.06%
SNAP	F	0.06%
ILMN	C	0.05%
TDY	C	0.05%
DOCN	B	0.05%
DELL	C	0.05%
MMS	C	0.05%
APPN	D	0.04%
ENPH	D	0.04%
DXC	C	0.04%
LPLA	F	0.04%
CL	C	0.04%
XYL	D	0.03%
BILL	D	0.03%
GLW	B	0.03%
ZI	D	0.02%
RIVN	F	0.01%
TOST	A	0.01%
SMAR	C	0.01%
GDDY	C	0.01%
GRAL	F	0.0%
ALGN	D	0.0%
FTV	C	0.0%

IETC Underweight 3 Positions Relative to BULZ

Symbol	Grade	Weight
TSLA	C	-6.67%
INTC	F	-6.67%
NFLX	B	-6.67%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Advertising Agencies Computer Systems Insurance Brokers Internet Content & Information Specialty Retail Aerospace & Defense Auto Manufacturers