JETU vs. GRW ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to TCW Compounders ETF (GRW)

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

$28.13

Average Daily Volume

415

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$38.65

Average Daily Volume

15,358

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETU	GRW
30 Days	14.52%	3.87%
60 Days	41.24%	3.39%
90 Days	55.74%	6.68%
12 Months	70.55%

1 Overlapping Holdings

	Symbol	Grade	Weight in JETU	Weight in GRW	Overlap
	GE	D	9.0%	1.5%	1.5%

JETU Overweight 16 Positions Relative to GRW

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

JETU Underweight 16 Positions Relative to GRW

Symbol	Grade	Weight
HEI	B	-9.88%
FI	A	-9.09%
WCN	A	-8.57%
MSFT	F	-7.21%
V	A	-4.46%
TDG	D	-4.45%
AVGO	D	-4.17%
SPGI	C	-4.09%
AME	A	-4.08%
LIN	D	-3.61%
FICO	B	-3.38%
MSCI	C	-3.28%
MUSA	A	-2.45%
TTD	B	-2.25%
DHR	F	-1.73%
ROP	B	-0.97%

JETU: Top Represented Industries & Keywords

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