IGPT vs. BERZ ETF Comparison

Comparison of Invesco AI and Next Gen Software ETF (IGPT) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

IGPT

Invesco AI and Next Gen Software ETF

IGPT Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of companies with significant exposure to technologies or products that contribute to future software development through direct revenue. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.31

Average Daily Volume

45,612

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

$14.33

Average Daily Volume

105,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IGPT	BERZ
30 Days	2.96%	-14.14%
60 Days	6.84%	-23.70%
90 Days	4.67%	-27.15%
12 Months	30.94%	-70.21%

7 Overlapping Holdings

Symbol	Grade	Weight in IGPT	Weight in BERZ	Overlap
ADBE	C	6.73%	6.67%	6.67%
AMD	F	6.86%	6.67%	6.67%
GOOGL	C	8.45%	6.67%	6.67%
INTC	C	3.46%	6.67%	3.46%
META	D	8.18%	6.67%	6.67%
MU	D	3.77%	6.67%	3.77%
NVDA	B	9.18%	6.67%	6.67%

IGPT Overweight 56 Positions Relative to BERZ

Symbol	Grade	Weight
ISRG	A	4.56%
QCOM	F	4.16%
EQIX	A	2.92%
CDNS	B	2.5%
ADSK	A	2.26%
MSTR	B	1.96%
TTD	B	1.93%
DLR	B	1.89%
SNPS	B	1.81%
MRVL	B	1.61%
SNOW	B	1.48%
HUBS	A	1.22%
AME	A	1.08%
ANSS	B	1.02%
MCHP	F	0.87%
EA	A	0.83%
WDC	D	0.74%
FTV	C	0.71%
STX	C	0.7%
GRMN	B	0.65%
PINS	F	0.61%
NTAP	C	0.6%
ARM	F	0.59%
DOCU	B	0.56%
HPE	B	0.5%
BIDU	F	0.45%
IOT	A	0.37%
PSTG	D	0.32%
SMCI	F	0.3%
BSY	F	0.29%
ROKU	D	0.28%
CGNX	D	0.24%
LSCC	D	0.24%
ESTC	C	0.23%
U	C	0.21%
ALTR	B	0.19%
RDNT	B	0.17%
CRDO	B	0.17%
DLB	B	0.14%
PEGA	B	0.13%
NOVT	D	0.13%
SLAB	F	0.12%
CCOI	B	0.11%
TDC	D	0.1%
DV	C	0.1%
FIVN	D	0.1%
BRZE	C	0.09%
MGNI	B	0.08%
AMBA	B	0.08%
IPGP	D	0.08%
INFA	D	0.06%
CLVT	D	0.05%
VRNT	C	0.05%
CXM	C	0.04%
HLIT	D	0.03%
MXL	C	0.02%

IGPT Underweight 8 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	B	-6.67%
CRM	B	-6.67%
PANW	B	-6.67%
NFLX	A	-6.67%
AVGO	D	-6.67%
AMZN	C	-6.67%
AAPL	C	-6.67%
MSFT	D	-6.67%