USSE vs. CARD ETF Comparison

Comparison of Segall Bryant & Hamill Select Equity ETF (USSE) to Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN (CARD)

USSE

Segall Bryant & Hamill Select Equity ETF

USSE Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies whose stock is traded on U.S. markets, including depositary receipts (ADRs) or shares issued by companies incorporated outside of the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.25

Average Daily Volume

35,629

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CARD

Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN

CARD Description

CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARD 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. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.

Grade (RS Rating)

Last Trade

$8.10

Average Daily Volume

2,056

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USSE	CARD
30 Days	3.04%	-22.46%
60 Days	4.84%	-23.28%
90 Days	7.97%	-24.11%
12 Months	28.78%	-69.87%

1 Overlapping Holdings

	Symbol	Grade	Weight in USSE	Weight in CARD	Overlap
	ORLY	A	3.61%	8.54%	3.61%

USSE Overweight 19 Positions Relative to CARD

Symbol	Grade	Weight
MSFT	D	8.33%
GOOG	B	6.91%
NOW	B	5.88%
V	A	5.83%
PWR	A	5.63%
PANW	B	5.23%
RGA	A	5.13%
UNH	B	4.89%
FICO	A	4.75%
JPM	A	4.65%
TJX	A	4.58%
ARES	B	4.57%
MRVL	B	4.57%
AAPL	C	4.52%
GL	B	4.42%
CDNS	B	4.16%
NVO	F	3.78%
STE	D	3.47%
ZBRA	B	3.4%

USSE Underweight 19 Positions Relative to CARD

Symbol	Grade	Weight
TSLA	B	-11.83%
F	C	-10.52%
GM	A	-10.14%
RIVN	F	-8.97%
CVNA	A	-8.54%
AZO	C	-8.54%
KMX	B	-4.15%
GPC	D	-4.01%
STLA	F	-3.91%
LCID	F	-3.47%
AAP	D	-3.0%
LAD	A	-2.29%
AN	D	-1.91%
TM	F	-1.91%
ABG	A	-1.31%
GPI	A	-1.26%
FSS	C	-0.91%
PAG	A	-0.87%
HMC	F	-0.78%

CARD: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto & Truck Dealerships Specialty Retail Pollution & Treatment Controls