CRUZ vs. IWTR ETF Comparison

Comparison of Defiance Hotel, Airline, and Cruise ETF (CRUZ) to iShares MSCI Water Management Multisector ETF (IWTR)

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

$21.48

Average Daily Volume

12,213

Number of Holdings ^*

29

* may have additional holdings in another (foreign) market

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$29.91

Average Daily Volume

261

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

Performance

Period	CRUZ	IWTR
30 Days	-5.11%	-2.53%
60 Days	-1.84%	-0.07%
90 Days	0.52%	3.57%
12 Months	17.59%	10.13%

2 Overlapping Holdings

	Symbol	Grade	Weight in CRUZ	Weight in IWTR	Overlap
	HLT	C	7.93%	4.45%	4.45%
	MAR	D	7.75%	5.88%	5.88%

CRUZ Overweight 27 Positions Relative to IWTR

	Symbol	Grade	Weight
	DAL	A	7.74%
	RCL	A	7.32%
	CCL	F	5.27%
	UAL	B	3.73%
	IHG	D	3.27%
	LUV	F	2.8%
	HST	D	2.5%
	NCLH	F	2.44%
	AAL	F	2.33%
	HTHT	B	2.18%
	RHP	D	1.49%
	WH	D	1.44%
	ALK	B	1.44%
	H	C	1.19%
	CHH	D	1.18%
	PK	D	0.86%
	SKYW	A	0.8%
	APLE	D	0.72%
	CPA	D	0.68%
	JBLU	F	0.58%
	SHO	D	0.56%
	RLJ	D	0.53%
	DRH	D	0.49%
	PEB	D	0.4%
	SVC	F	0.38%
	ALGT	F	0.33%
	SAVE	F	0.25%

CRUZ Underweight 15 Positions Relative to IWTR

	Symbol	Grade	Weight
	XYL	A	-6.96%
	TXN	A	-5.78%
	ECL	B	-5.49%
	DEO	F	-4.98%
	CNM	A	-4.86%
	AWK	B	-4.3%
	BMI	A	-3.01%
	WTS	C	-3.01%
	FELE	D	-2.32%
	ZWS	D	-2.02%
	MKC	B	-1.71%
	AWR	C	-1.57%
	K	B	-1.39%
	CCEP	A	-1.29%
	ERII	D	-0.31%

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

IWTR: Top Represented Industries & Keywords

Industries: Diversified Industrials Lodging Packaged Foods Utilities - Regulated Water Beverages - Soft Drinks Beverages - Wineries & Distilleries Industrial Distribution Pollution & Treatment Controls Scientific & Technical Instruments Semiconductors Specialty Chemicals

Keywords: S&P 500 Construction Drink Food Service Irrigation Nasdaq 100 Plumbing Water Treatment Alcohol Boiler Building Engineering Building Materials Chemical Drainage Products Flow Control Hospitality Industry Hotel Hotel Chains Oil And Gas Pump