BERZ vs. PCGG ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to Polen Capital Global Growth ETF (PCGG)

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

$14.22

Average Daily Volume

104,363

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PCGG

Polen Capital Global Growth ETF

PCGG Description

The fund is a non-diversified, actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by investing in a focused portfolio of approximately 25 to 40 common stocks of large capitalization companies that are located anywhere in the world, including companies in both developed and emerging markets, and, in the opinion of the sub-advisor to the fund, have a sustainable competitive advantage. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.89

Average Daily Volume

50,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	PCGG
30 Days	-19.93%	4.21%
60 Days	-22.76%	3.15%
90 Days	-27.71%	4.76%
12 Months	-70.44%	16.97%

3 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in PCGG	Overlap
ADBE	C	6.67%	4.24%	4.24%
AMZN	C	6.67%	9.22%	6.67%
MSFT	F	6.67%	5.96%	5.96%

BERZ Overweight 12 Positions Relative to PCGG

Symbol	Grade	Weight
TSLA	B	6.67%
CRM	B	6.67%
PANW	C	6.67%
NVDA	C	6.67%
NFLX	A	6.67%
MU	D	6.67%
INTC	D	6.67%
GOOGL	C	6.67%
AVGO	D	6.67%
AMD	F	6.67%
AAPL	C	6.67%
META	D	6.67%

BERZ Underweight 18 Positions Relative to PCGG

Symbol	Grade	Weight
GOOG	C	-7.72%
MA	C	-4.62%
ABT	B	-4.56%
V	A	-4.19%
WDAY	B	-4.12%
MSCI	C	-4.1%
AON	A	-4.03%
SHOP	B	-3.88%
ICLR	D	-3.35%
PAYC	B	-3.06%
TMO	F	-2.85%
ACN	C	-2.73%
GLOB	B	-2.42%
NOW	A	-2.27%
ZTS	D	-2.14%
ABNB	C	-1.62%
ORCL	B	-1.53%
ADP	B	-1.47%