JETU vs. BRAZ ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Global X Brazil Active ETF (BRAZ)

JETU

Bank Of Montreal MAX Airlines 3X Leveraged ETNs

JETU Description

JETU is a leveraged take on the US airport transportation industry. Specifically, the fund tracks 3x the index, which includes firms involved in airlines, aircraft and aircraft parts manufacturers, airfreight and logistics, aircraft leasing, and airline and airport operations. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding any ETPs and MLPs. The index also excludes issuers organized in Canada or China. For industry screens, Aircraft and Parts Manufacturing industry only includes the five largest companies by market cap. Airfreight and Logistics companies must disclose in their recent annual report that they own aircraft to execute their core business activity. The index is a modified liquidity-weighted index, which ranks the constituents, based on highest average daily value traded. As a geared product, JETU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding.

Grade (RS Rating)

Last Trade

$27.46

Average Daily Volume

386

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.03

Average Daily Volume

283

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETU	BRAZ
30 Days	7.92%	-4.69%
60 Days	39.79%	-8.64%
90 Days	60.01%	-10.27%
12 Months	73.54%	-14.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in JETU	Weight in BRAZ	Overlap

JETU Overweight 17 Positions Relative to BRAZ

Symbol	Grade	Weight
BA	F	9.0%
UPS	C	9.0%
RTX	D	9.0%
HON	A	9.0%
GE	D	9.0%
FDX	A	9.0%
DAL	A	8.98%
AAL	B	7.91%
UAL	A	7.29%
GD	D	7.17%
LUV	A	6.79%
JBLU	C	1.84%
ALK	A	1.84%
SKYW	A	0.63%
CPA	A	0.57%
FWRD	D	0.53%
ALGT	A	0.46%

JETU Underweight 12 Positions Relative to BRAZ

Symbol	Grade	Weight
PBR	D	-9.86%
NU	C	-9.66%
ITUB	D	-8.81%
VALE	F	-7.66%
BBD	D	-4.87%
ASAI	F	-3.62%
EBR	F	-3.38%
SUZ	B	-2.7%
ARCO	D	-2.0%
ELP	F	-1.91%
ABEV	D	-1.87%
MELI	D	-0.97%

JETU: Top Represented Industries & Keywords

Industries: Airlines Aerospace & Defense Integrated Shipping & Logistics Diversified Industrials Specialty Industrial Machinery