NIKL vs. CMDT ETF Comparison

Comparison of Sprott Nickel Miners ETF (NIKL) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

NIKL

Sprott Nickel Miners ETF

NIKL Description

The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, or production of nickel ("Nickel Mining Companies"); (ii) investments in nickel that represent all or a significant portion of their assets, and/or (iii) supplying nickel. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.38

Average Daily Volume

43,647

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$27.35

Average Daily Volume

49,637

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	NIKL	CMDT
30 Days	11.29%	1.61%
60 Days	21.29%	1.31%
90 Days	20.67%	4.93%
12 Months	-22.98%	13.33%

0 Overlapping Holdings

	Symbol	Grade	Weight in NIKL	Weight in CMDT	Overlap

NIKL Overweight 5 Positions Relative to CMDT

	Symbol	Grade	Weight
	NIC	C	12.65%
	INCO	A	9.79%
	CTM	D	4.85%
	S	D	4.37%
	NIKL	C	4.02%

NIKL Underweight 1 Positions Relative to CMDT

	Symbol	Grade	Weight
	MINT	A	-6.44%

NIKL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Telecom Services

Keywords: Computer Security Index Fund Artificial Intelligence Bank Bond Fund Community Bank Computer Network Security Computing Consumer Banking Crime Prevention Cryptography Cybersecurity Data Analytics Services Data Security ETF Economy Of The Midwestern United States Exchange Traded Fund Federal Government Information Governance Mackinac Financial Corporation

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO