BERZ vs. PSI ETF Comparison

Comparison of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) to PowerShares Dynamic Semiconductors (PSI)

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

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$54.64

Average Daily Volume

105,664

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BERZ	PSI
30 Days	-5.15%	-3.15%
60 Days	-14.99%	-5.21%
90 Days	-33.89%	8.60%
12 Months	-73.48%	38.18%

3 Overlapping Holdings

Symbol	Grade	Weight in BERZ	Weight in PSI	Overlap
AVGO	B	6.67%	5.38%	5.38%
MU	C	6.67%	5.53%	5.53%
NVDA	B	6.67%	5.55%	5.55%

BERZ Overweight 12 Positions Relative to PSI

Symbol	Grade	Weight
TSLA	A	6.67%
CRM	A	6.67%
PANW	B	6.67%
NFLX	A	6.67%
INTC	C	6.67%
GOOGL	A	6.67%
AMZN	A	6.67%
AMD	F	6.67%
ADBE	F	6.67%
AAPL	C	6.67%
MSFT	D	6.67%
META	B	6.67%

BERZ Underweight 23 Positions Relative to PSI

Symbol	Grade	Weight
ADI	C	-5.02%
TXN	A	-4.97%
QCOM	D	-4.9%
AMAT	F	-4.76%
LRCX	F	-4.73%
PI	C	-3.23%
SMTC	B	-3.19%
MTSI	B	-3.09%
ACMR	D	-2.89%
PLAB	F	-2.69%
ONTO	F	-2.67%
MPWR	F	-2.64%
UCTT	F	-2.61%
NXPI	C	-2.61%
AOSL	D	-2.6%
ENTG	D	-2.48%
AMKR	F	-2.46%
ICHR	F	-2.45%
SWKS	F	-2.44%
FORM	F	-2.39%
CRUS	F	-2.33%
MKSI	F	-2.32%
KLAC	F	-2.27%