TOGA vs. CRUZ ETF Comparison

Comparison of Managed Portfolio Series Tremblant Global ETF (TOGA) to Defiance Hotel, Airline, and Cruise ETF (CRUZ)

TOGA

Managed Portfolio Series Tremblant Global ETF

TOGA Description

Under normal conditions, the fund will invest: (1) at least 40% (unless market conditions are not deemed favorable, in which case at least 30%) of its net assets in investments that are economically tied to, or located in, countries or regions other than the United States; and (2) in investments that are economically tied to, or located in, at least three different countries, including the United States.

Grade (RS Rating)

Last Trade

$27.80

Average Daily Volume

4,691

Number of Holdings ^*

9

* 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

$23.29

Average Daily Volume

8,551

Number of Holdings ^*

27

* may have additional holdings in another (foreign) market

Performance

Period	TOGA	CRUZ
30 Days	5.41%	10.50%
60 Days	12.56%	21.13%
90 Days	7.98%	8.23%
12 Months		26.34%

1 Overlapping Holdings

	Symbol	Grade	Weight in TOGA	Weight in CRUZ	Overlap
	WH	C	4.44%	1.4%	1.4%

TOGA Overweight 8 Positions Relative to CRUZ

	Symbol	Grade	Weight
	TKO	A	5.6%
	AMZN	C	5.12%
	UBER	C	4.94%
	GRAB	C	4.5%
	SPOT	C	4.43%
	DASH	A	3.92%
	MELI	D	3.62%
	QTWO	B	3.21%

TOGA Underweight 26 Positions Relative to CRUZ

	Symbol	Grade	Weight
	MAR	A	-7.91%
	HLT	A	-7.87%
	RCL	B	-7.53%
	DAL	C	-7.46%
	CCL	C	-5.06%
	IHG	B	-4.01%
	UAL	A	-3.74%
	LUV	B	-2.85%
	HST	D	-2.74%
	NCLH	C	-2.38%
	AAL	D	-1.85%
	HTHT	B	-1.77%
	RHP	B	-1.59%
	ALK	C	-1.44%
	H	B	-1.06%
	CHH	A	-0.86%
	APLE	B	-0.83%
	PK	D	-0.81%
	SKYW	B	-0.8%
	ATAT	A	-0.63%
	CPA	B	-0.62%
	SHO	B	-0.6%
	JBLU	B	-0.55%
	RLJ	D	-0.51%
	DRH	B	-0.51%
	PEB	D	-0.38%

TOGA: Top Represented Industries & Keywords

Industries: Software - Application Specialty Retail Internet Content & Information Internet Content & Information Lodging Media - Diversified Software - Infrastructure

Keywords: Location Based Software Nasdaq 100 Carsharing Food Delivery Gig Economy Online Shopping S&P 500 Transport Transportation Network Companies Advertising Services Analytics Solution Bank Banking Banking Solutions Cars Dow Jones Component E Commerce E Commerce Platform E Commerce Platforms E Wallets

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