SPYU vs. MVPL ETF Comparison

Comparison of Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043 (SPYU) to Advisor Managed Portfolios Miller Value Partners Leverage ETF (MVPL)

SPYU

Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043

SPYU Description

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis. The notes are designed to reflect a 4x leveraged long exposure to the performance of the index on a daily basis (as described below), before taking into account the negative effect of the Daily Investor Fee, the Daily Financing Charge and the Redemption Fee Amount, if applicable.

Grade (RS Rating)

Last Trade

$50.68

Average Daily Volume

757,173

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVPL

Advisor Managed Portfolios Miller Value Partners Leverage ETF

MVPL Description

MVPL seeks to capitalize on the S&P 500's propensity to increase in value over long time horizons by opportunistically timing use of leverage when conditions seem favorable to do so. The fund is typically invested in a single unleveraged or leveraged S&P 500 ETF at any given time, depending on signals from proprietary models used by the fund adviser. The adviser uses an adaptive, data-driven approach to determine the daily trading signal, considering factors such as price levels, price changes, valuation, correlations, interest rates, and volatility measures. On a leveraged position, the fund invests in an ETF that provides 2x the daily performance of the S&P 500 and expects to be invested for periods greater than one day. As a result, the fund will be subject to the risks of compounding and its returns during this period can materially differ from that of the underlying ETF. The fund will not invest in a combination of unleveraged and leveraged ETFs at any time. Due to its investment strategy, the fund may engage in active and frequent trading.

Grade (RS Rating)

Last Trade

$32.22

Average Daily Volume

393

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPYU	MVPL
30 Days	3.58%	1.32%
60 Days	11.85%	5.59%
90 Days	14.25%	7.50%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in SPYU	Weight in MVPL	Overlap

SPYU Overweight 1 Positions Relative to MVPL

	Symbol	Grade	Weight
	SPXT	A	100.0%

SPYU Underweight 1 Positions Relative to MVPL

	Symbol	Grade	Weight
	SSO	B	-99.92%

SPYU: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund S&P 500 Index CBOE Telecommunication Services

MVPL: Top Represented Industries & Keywords

Industries:

Keywords: Capitalization Weighted Index ETF Exchange Traded Fund Leveraged ETF Real Estate Investment Trust S&P 500 Index CBOE Stock Market Index Ultra ETF