GRCC vs. ETP ETF Comparison

Comparison of Horizons Growth Asset Allocation Covered Call ETF (GRCC) to First Trust Global Risk Managed Income Index ETF (ETP)

GRCC

Horizons Growth Asset Allocation Covered Call ETF

GRCC Description

Horizons Growth Asset Allocation Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity and fixed income markets of global region. For its equity portion, it invests through derivatives and through other funds in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities. The fund seeks to benchmark the performance of its portfolio against a composite index comprising of 12% of the Solactive Canadian Select Universe Bond Index, 8% of the Solactive US 7-10 Year Treasury Bond Index (Total Return), 16% of the S&P/TSX 60 Total Return Index, 28% of the Cboe S&P 500 Half BuyWrite Index, 8% of the Cboe NASDAQ-100 Half BuyWrite V2 Index, 10% of the Cboe MSCI EAFE BuyWrite Index, 10% of the MSCI EAFE Net Total Return USD Index, 4% of the Cboe MSCI Emerging Markets BuyWrite Index and 4% of the MSCI Emerging Markets Net Total Return USD Index. Horizons Growth Asset Allocation Covered Call ETF was formed on October 10, 2023 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$20.81

Average Daily Volume

2,640

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

ETP

First Trust Global Risk Managed Income Index ETF

ETP Description

The First Trust ETF seeks to replicate, to the extent possible, the performance of the NASDAQ Global Risk Managed Income™ Index, net of expenses. The investment strategy of the First Trust ETF is to invest in and hold the Constituent Securities of the Index in the same proportion as they are reflected in the Index or securities intended to replicate the performance of the Index.

Grade (RS Rating)

Last Trade

$16.49

Average Daily Volume

1,960

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	GRCC	ETP
30 Days	-1.84%	-1.67%
60 Days	-0.24%	-0.18%
90 Days	1.02%	0.06%
12 Months		0.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in GRCC	Weight in ETP	Overlap

GRCC Overweight 4 Positions Relative to ETP

	Symbol	Grade	Weight
	USCC.U	C	28.32%
	HXDM	A	20.26%
	CNCC	D	15.76%
	QQCC	C	8.16%

GRCC Underweight 10 Positions Relative to ETP

	Symbol	Grade	Weight
	ZHY	A	-19.04%
	CPD	A	-13.92%
	ZEF	B	-11.34%
	VSB	B	-9.94%
	CVD	A	-7.06%
	VGG	C	-5.35%
	XCB	A	-3.56%
	CYH	A	-3.52%
	XEI	B	-3.44%
	VDY	C	-3.37%

GRCC: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Funds Betashares Developed Market Futures Contract Futures Roll Investor Msci Eafe Nasdaq Nasdaq 100

ETP: Top Represented Industries & Keywords

Industries:

Keywords: Financial Markets Etf Exchange Traded Funds Dividend Financial Ratios Bloomberg Dividends FTSE Stock Market Index Bond Market Index Cad Hedged Common Stock Corporate Bond Dividend Yield Ftse Tmx Canada S&P S&P 500 Dividend Aristocrats S&P/Tsx Composite Index Volume Barclays Global Aggregate