SEMI vs. BULZ ETF Comparison

Comparison of Columbia Seligman Semiconductor and Technology ETF (SEMI) to MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ)

SEMI

Columbia Seligman Semiconductor and Technology ETF

SEMI Description

SEMI is designed to provide exposure to the broad information technology sector by focusing on pure-play companies related to the semiconductor industry. The fund actively and generally invests in 30-50 high-conviction semiconductor or semiconductor-related firms, as defined by GICS, including those under communication equipment, electronic equipment, technology hardware, storage and peripherals, and software. Additionally, the fund requires at least 25% of its assets be invested in companies in the semiconductor and semiconductor equipment industry. Security selection is done through extensive in-depth research. SEMI is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead publishes a trading basket daily, which provides a preview of selected holdings without disclosing the actual portfolio.

Grade (RS Rating)

Last Trade

$25.15

Average Daily Volume

2,960

Number of Holdings ^*

* 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

$162.60

Average Daily Volume

95,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEMI	BULZ
30 Days	-4.95%	7.65%
60 Days	-1.05%	18.89%
90 Days	-3.61%	20.77%
12 Months	23.02%	81.39%

6 Overlapping Holdings

Symbol	Grade	Weight in SEMI	Weight in BULZ	Overlap
AMD	F	2.83%	6.67%	2.83%
AVGO	D	15.11%	6.67%	6.67%
INTC	C	0.28%	6.67%	0.28%
MU	D	2.59%	6.67%	2.59%
NVDA	A	17.8%	6.67%	6.67%
QCOM	F	3.27%	6.67%	3.27%

SEMI Overweight 22 Positions Relative to BULZ

Symbol	Grade	Weight
LRCX	F	6.56%
ADI	D	4.55%
ASML	F	4.49%
AMAT	F	4.42%
TSM	C	4.34%
KLAC	F	4.33%
MPWR	F	3.9%
NXPI	F	3.68%
MCHP	F	2.95%
MRVL	B	2.79%
TER	F	2.3%
ON	F	2.18%
SNPS	C	1.79%
ARM	F	1.7%
CDNS	B	1.4%
TXN	C	1.0%
QRVO	F	0.45%
GFS	C	0.43%
WDC	F	0.32%
SLAB	F	0.27%
SWKS	F	0.23%
MKSI	C	0.23%

SEMI Underweight 9 Positions Relative to BULZ

Symbol	Grade	Weight
MSFT	D	-6.67%
GOOGL	B	-6.67%
CRM	B	-6.67%
TSLA	B	-6.67%
AMZN	B	-6.67%
ADBE	D	-6.67%
AAPL	C	-6.67%
NFLX	A	-6.67%
META	C	-6.67%