CARU vs. GRW ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to TCW Compounders ETF (GRW)

CARU

Bank Of Montreal MAX Auto Industry 3x Leveraged ETN

CARU Description

CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.

Grade (RS Rating)

Last Trade

$26.70

Average Daily Volume

139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GRW

TCW Compounders ETF

GRW Description

The fund is an actively managed ETF that seeks to invest in the companies that the Adviser believes will benefit from transformation as a result of technological innovations, market dynamics, and/or changes in client preferences. It aims to actively capture returns from companies that show long-term growth, quality, and durability characteristics as a result of such economic transformation or play a central role of enabling other companies to do the same. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.51

Average Daily Volume

15,067

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	GRW
30 Days	24.25%	1.52%
60 Days	14.37%	2.79%
90 Days	12.53%	6.56%
12 Months	68.00%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in GRW	Overlap

CARU Overweight 20 Positions Relative to GRW

Symbol	Grade	Weight
TSLA	B	11.83%
F	C	10.52%
GM	B	10.14%
RIVN	F	8.97%
ORLY	B	8.54%
CVNA	B	8.54%
AZO	C	8.54%
KMX	C	4.15%
GPC	F	4.01%
STLA	F	3.91%
LCID	F	3.47%
AAP	D	3.0%
LAD	B	2.29%
AN	D	1.91%
TM	F	1.91%
ABG	B	1.31%
GPI	B	1.26%
FSS	B	0.91%
PAG	C	0.87%
HMC	F	0.78%

CARU Underweight 17 Positions Relative to GRW

Symbol	Grade	Weight
HEI	A	-9.37%
FI	A	-8.94%
WCN	A	-8.49%
MSFT	D	-7.38%
TDG	D	-4.86%
AVGO	D	-4.48%
V	A	-4.45%
AME	A	-4.04%
SPGI	D	-4.02%
LIN	D	-3.61%
FICO	A	-3.39%
MSCI	C	-3.39%
MUSA	B	-2.44%
TTD	B	-2.32%
DHR	D	-1.76%
GE	D	-1.53%
ROP	C	-0.99%

CARU: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls