JETU vs. UFO ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to Procure Space ETF (UFO)

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

$27.43

Average Daily Volume

404

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UFO

Procure Space ETF

UFO Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index". The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.25

Average Daily Volume

20,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JETU	UFO
30 Days	4.85%	11.07%
60 Days	39.93%	14.01%
90 Days	59.15%	13.47%
12 Months	67.65%	36.18%

3 Overlapping Holdings

Symbol	Grade	Weight in JETU	Weight in UFO	Overlap
BA	D	9.0%	1.84%	1.84%
HON	B	9.0%	2.21%	2.21%
RTX	D	9.0%	2.09%	2.09%

JETU Overweight 14 Positions Relative to UFO

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

JETU Underweight 19 Positions Relative to UFO

Symbol	Grade	Weight
RKLB	B	-8.67%
GSAT	C	-6.86%
TRMB	B	-5.3%
SATS	D	-4.72%
GRMN	B	-4.68%
IRDM	F	-4.66%
SIRI	D	-4.33%
LUNR	B	-4.18%
NPAB	F	-3.72%
PL	B	-3.72%
VSAT	F	-2.41%
LMT	D	-2.36%
LHX	B	-2.33%
CMCSA	B	-2.26%
NOC	D	-2.07%
RDW	B	-1.99%
SPCE	D	-1.2%
BALL	D	-0.56%
CMTL	F	-0.36%

JETU: Top Represented Industries & Keywords

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