CRUZ vs. IBHG ETF Comparison

Comparison of Defiance Hotel, Airline, and Cruise ETF (CRUZ) to iShares iBonds 2027 Term High Yield and Income ETF (IBHG)

CRUZ

Defiance Hotel, Airline, and Cruise ETF

CRUZ Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the “index”). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (“Travel Companies”) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.95

Average Daily Volume

11,747

Number of Holdings ^*

29

* may have additional holdings in another (foreign) market

IBHG

iShares iBonds 2027 Term High Yield and Income ETF

IBHG Description

The iShares® iBonds® 2027 Term High Yield and Income ETF seeks to track the investment results of an index composed of U.S. dollar denominated, high yield and other income generating corporate bonds maturing in 2027.

Grade (RS Rating)

Last Trade

$22.10

Average Daily Volume

36,420

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	CRUZ	IBHG
30 Days	0.26%	0.20%
60 Days	1.18%	0.05%
90 Days	3.70%	0.79%
12 Months	20.18%	7.85%

1 Overlapping Holdings

	Symbol	Grade	Weight in CRUZ	Weight in IBHG	Overlap
	CCL	F	5.13%	1.44%	1.44%

CRUZ Overweight 28 Positions Relative to IBHG

	Symbol	Grade	Weight
	DAL	A	7.93%
	HLT	D	7.85%
	MAR	D	7.65%
	RCL	A	7.48%
	UAL	B	3.61%
	IHG	D	3.28%
	LUV	F	2.69%
	HST	D	2.54%
	AAL	C	2.29%
	HTHT	B	2.1%
	NCLH	F	2.07%
	RHP	D	1.5%
	WH	D	1.42%
	ALK	B	1.39%
	CHH	C	1.21%
	H	D	1.2%
	PK	D	0.86%
	SKYW	B	0.82%
	APLE	F	0.73%
	CPA	C	0.69%
	JBLU	D	0.58%
	SHO	D	0.57%
	RLJ	D	0.53%
	DRH	D	0.49%
	PEB	D	0.39%
	SVC	F	0.38%
	ALGT	F	0.31%
	SAVE	F	0.24%

CRUZ Underweight 1 Positions Relative to IBHG

	Symbol	Grade	Weight
	CNC	D	-1.31%

CRUZ: Top Represented Industries & Keywords

Industries: Airlines REIT - Hotel & Motel Lodging Leisure

Keywords: S&P 500 Aviation Hospitality Industry Real Estate Investment Trust Airline Hotel Opentravel Alliance Air Transportation Hotel Chains Tourism Travel Air Transportation Services Cruise Lines Franchising Hawaii Low Cost Carriers Marriott International Real Estate Market Airbus A320 Family Airport

IBHG: Top Represented Industries & Keywords

Industries: Health Care Plans Leisure

Keywords: S&P 500 Behavioral Healthcare Care Management Care Management Solutions Claims Processing Cruise Lines Cruise Ship Cunard Line Durable Medical Equipment Eye Eye Care Formulary Health Insurance Health Insurance Program Health Management Health Services Holland America Line Ibero Cruises Immunization Intervention Services