BERZ vs. DARP ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF (DARP)

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse 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 inverse product with -3x factor that resets daily, BERZ 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

$17.13

Average Daily Volume

112,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DARP

Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF

DARP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests primarily in equity securities of companies, with a focus on growth, innovation and disruption. The fund seeks to identify future leaders in the following overarching key growth themes including, but not limited to: Digitization and Cloud Computing, Future Media and Entertainment, Health and Wellness, and Sustainability and Energy Transition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.02

Average Daily Volume

1,046

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	DARP
30 Days	-5.15%	3.52%
60 Days	-14.99%	5.98%
90 Days	-33.89%	11.79%
12 Months	-73.48%	31.87%

8 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in DARP	Overlap
AAPL	C	6.67%	7.51%	6.67%
AMZN	A	6.67%	2.91%	2.91%
GOOGL	A	6.67%	5.66%	5.66%
META	B	6.67%	5.44%	5.44%
MSFT	D	6.67%	10.16%	6.67%
MU	C	6.67%	5.53%	5.53%
NVDA	B	6.67%	21.05%	6.67%
PANW	B	6.67%	0.48%	0.48%

BERZ Overweight 7 Positions Relative to DARP

Symbol	Grade	Weight
TSLA	A	6.67%
CRM	A	6.67%
NFLX	A	6.67%
INTC	C	6.67%
AVGO	B	6.67%
AMD	F	6.67%
ADBE	F	6.67%

BERZ Underweight 15 Positions Relative to DARP

Symbol	Grade	Weight
TSM	B	-3.63%
ABNB	B	-3.31%
ASML	F	-3.0%
RRC	D	-2.74%
VRT	B	-2.55%
NEE	D	-2.48%
TTD	B	-1.23%
TWLO	A	-1.09%
AR	F	-1.04%
EU	D	-1.04%
AMAT	F	-0.89%
CIFR	B	-0.88%
TT	C	-0.87%
BTBT	B	-0.66%
CMPS	F	-0.48%