NRSH vs. FLYU ETF Comparison

Comparison of Aztlan North America Nearshoring Stock Selection ETF (NRSH) to Bank of Montreal MicroSectors Travel 3x Leveraged ETN (FLYU)

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.55

Average Daily Volume

1,358

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

FLYU

Bank of Montreal MicroSectors Travel 3x Leveraged ETN

FLYU Description

The index is a net total return index that tracks the stock prices of U.S. listed securities thatare materially engaged in specified segments of the travel industry.

Grade (RS Rating)

Last Trade

$44.45

Average Daily Volume

4,653

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	NRSH	FLYU
30 Days	2.43%	34.67%
60 Days	3.42%	24.33%
90 Days	9.55%	-0.05%
12 Months		43.76%

0 Overlapping Holdings

	Symbol	Grade	Weight in NRSH	Weight in FLYU	Overlap

NRSH Overweight 9 Positions Relative to FLYU

	Symbol	Grade	Weight
	CHRW	B	7.88%
	UNP	D	6.25%
	LSTR	D	5.78%
	SNDR	B	5.67%
	CSX	C	5.27%
	MATX	B	5.26%
	FWRD	D	5.23%
	ARCB	D	5.22%
	NSC	C	4.94%

NRSH Underweight 10 Positions Relative to FLYU

	Symbol	Grade	Weight
	UBER	C	-14.14%
	DIS	D	-13.2%
	BKNG	B	-9.4%
	ABNB	D	-7.98%
	CCL	C	-5.23%
	AAL	D	-4.73%
	DAL	C	-4.29%
	UAL	B	-3.91%
	MAR	B	-3.83%
	RCL	B	-3.43%

NRSH: Top Represented Industries & Keywords

Industries: Integrated Shipping & Logistics Railroads Trucking Shipping & Ports

Keywords: Freight Transport Logistics Services Cargo Customs Brokerage Freight Transportation Freight Transportation Services S&P 500 Transport Automotive Products Chemical Intermodal Container Logistics Plastic Transportation Service Apl Logistics Carrier Services Cement Chemical Product Construction Products Distribution Services

FLYU: Top Represented Industries & Keywords

Industries: Airlines Leisure Internet Content & Information Lodging Media - Diversified Software - Application Travel Services

Keywords: S&P 500 Aviation Nasdaq 100 Opentravel Alliance Cruise Lines Gig Economy Hospitality Industry Sharing Economy Transport Travel Water Transport Accenture Advertising Services Air Transportation Air Transportation Services Airbnb Aircraft Management Airline Airline Industry Airport