CRUZ vs. JETS ETF Comparison

Comparison of Defiance Hotel, Airline, and Cruise ETF (CRUZ) to U.S. Global Jets ETF (JETS)

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

$22.19

Average Daily Volume

11,403

Number of Holdings ^*

29

* may have additional holdings in another (foreign) market

JETS

U.S. Global Jets ETF

JETS Description

The investment seeks to track the performance, before fees and expenses, of the U.S. Global Jets Index. The fund invests at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is composed of the common stock of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies listed on well-developed securities exchanges across the globe. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.04

Average Daily Volume

2,845,147

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

Performance

Period	CRUZ	JETS
30 Days	3.23%	8.39%
60 Days	1.77%	7.73%
90 Days	4.74%	5.74%
12 Months	21.26%	18.13%

9 Overlapping Holdings

	Symbol	Grade	Weight in CRUZ	Weight in JETS	Overlap
	AAL	C	2.4%	10.27%	2.4%
	ALGT	F	0.31%	2.17%	0.31%
	ALK	C	1.42%	3.42%	1.42%
	CPA	B	0.71%	0.5%	0.5%
	DAL	B	8.2%	13.13%	8.2%
	JBLU	D	0.59%	2.45%	0.59%
	LUV	F	2.81%	8.26%	2.81%
	SKYW	B	0.85%	3.39%	0.85%
	UAL	B	3.67%	12.52%	3.67%

CRUZ Overweight 20 Positions Relative to JETS

	Symbol	Grade	Weight
	HLT	D	7.93%
	MAR	D	7.63%
	RCL	B	7.56%
	CCL	F	5.06%
	IHG	D	3.22%
	HST	D	2.44%
	HTHT	C	2.19%
	NCLH	F	2.05%
	RHP	D	1.47%
	WH	F	1.39%
	H	D	1.21%
	CHH	F	1.16%
	PK	D	0.84%
	APLE	F	0.71%
	SHO	D	0.56%
	RLJ	F	0.49%
	DRH	F	0.46%
	PEB	D	0.38%
	SVC	F	0.36%
	SAVE	D	0.27%

CRUZ Underweight 14 Positions Relative to JETS

	Symbol	Grade	Weight
	SNCY	F	-2.24%
	ATSG	D	-2.23%
	BKNG	B	-2.16%
	ULCC	D	-2.16%
	GD	B	-2.1%
	TXT	D	-1.92%
	BA	D	-1.75%
	EXPE	F	-1.63%
	TRIP	F	-1.33%
	TCOM	A	-1.21%
	MMYT	A	-0.61%
	ERJ	A	-0.61%
	ASR	B	-0.59%
	AZUL	F	-0.42%

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

JETS: Top Represented Industries & Keywords

Industries: Airlines Aerospace & Defense Leisure Airports & Air Services Travel Services

Keywords: Aviation Airline S&P 500 Air Transportation Air Transportation Services Airport Online Travel Opentravel Alliance Travel Agency Airline Tickets Ground Transportation Low Cost Carriers Travel Product Travel Products Weapons Advertising Services Aircraft Management Airline Industry Aviation Services Car Rental