CARU vs. USSE ETF Comparison

Comparison of Bank Of Montreal MAX Auto Industry 3x Leveraged ETN (CARU) to Segall Bryant & Hamill Select Equity ETF (USSE)

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

USSE

Segall Bryant & Hamill Select Equity ETF

USSE Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies whose stock is traded on U.S. markets, including depositary receipts (ADRs) or shares issued by companies incorporated outside of the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.50

Average Daily Volume

36,023

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARU	USSE
30 Days	24.25%	3.87%
60 Days	14.37%	5.14%
90 Days	12.53%	7.99%
12 Months	68.00%	28.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in CARU	Weight in USSE	Overlap
	ORLY	B	8.54%	3.61%	3.61%

CARU Overweight 19 Positions Relative to USSE

Symbol	Grade	Weight
TSLA	B	11.83%
F	C	10.52%
GM	B	10.14%
RIVN	F	8.97%
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 19 Positions Relative to USSE

Symbol	Grade	Weight
MSFT	D	-8.33%
GOOG	B	-6.91%
NOW	B	-5.88%
V	A	-5.83%
PWR	A	-5.63%
PANW	A	-5.23%
RGA	B	-5.13%
UNH	B	-4.89%
FICO	A	-4.75%
JPM	B	-4.65%
TJX	A	-4.58%
ARES	A	-4.57%
MRVL	B	-4.57%
AAPL	C	-4.52%
GL	C	-4.42%
CDNS	B	-4.16%
NVO	D	-3.78%
STE	D	-3.47%
ZBRA	B	-3.4%

CARU: Top Represented Industries & Keywords

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