GRW vs. BERZ ETF Comparison

Comparison of TCW Compounders ETF (GRW) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

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

$38.43

Average Daily Volume

15,067

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$14.22

Average Daily Volume

107,368

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GRW	BERZ
30 Days	1.52%	-12.61%
60 Days	2.79%	-22.84%
90 Days	6.56%	-29.01%
12 Months		-70.12%

2 Overlapping Holdings

	Symbol	Grade	Weight in GRW	Weight in BERZ	Overlap
	AVGO	D	4.48%	6.67%	4.48%
	MSFT	D	7.38%	6.67%	6.67%

GRW Overweight 15 Positions Relative to BERZ

Symbol	Grade	Weight
HEI	A	9.37%
FI	A	8.94%
WCN	A	8.49%
TDG	D	4.86%
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%

GRW Underweight 13 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	B	-6.67%
CRM	B	-6.67%
PANW	A	-6.67%
NVDA	A	-6.67%
NFLX	A	-6.67%
MU	D	-6.67%
INTC	C	-6.67%
GOOGL	B	-6.67%
AMZN	B	-6.67%
AMD	F	-6.67%
ADBE	D	-6.67%
AAPL	C	-6.67%
META	C	-6.67%