ATFV vs. FNGO ETF Comparison

Comparison of Alger 25 ETF (ATFV) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

ATFV

Alger 25 ETF

ATFV Description

Alger ETF Trust - Alger 25 ETF is an exchange traded fund launched and managed by Fred Alger Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across information technology sectors. It invests in growth stocks of companies across diversified market capitalization. Alger ETF Trust - Alger 25 ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$22.75

Average Daily Volume

7,166

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$73.60

Average Daily Volume

20,984

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ATFV	FNGO
30 Days	14.96%	22.96%
60 Days	14.61%	18.48%
90 Days	2.80%	-13.96%
12 Months	54.76%	102.03%

7 Overlapping Holdings

Symbol	Grade	Weight in ATFV	Weight in FNGO	Overlap
AAPL	C	7.94%	10.49%	7.94%
AMZN	C	10.04%	10.04%	10.04%
AVGO	A	2.56%	8.75%	2.56%
META	A	4.92%	9.57%	4.92%
MSFT	D	7.7%	9.82%	7.7%
NFLX	A	6.0%	9.26%	6.0%
NVDA	B	10.88%	8.72%	8.72%

ATFV Overweight 22 Positions Relative to FNGO

Symbol	Grade	Weight
SPOT	C	5.0%
NTRA	A	3.94%
ASML	F	3.66%
HEI	C	3.48%
CEG	B	3.42%
TSM	B	3.01%
VRT	B	2.95%
ISRG	C	2.38%
MELI	C	2.2%
APP	A	1.92%
DECK	B	1.87%
LLY	C	1.51%
TCOM	C	1.45%
MASS	F	1.21%
UBER	B	1.02%
MU	D	1.01%
ENVX	C	0.93%
HCAT	C	0.9%
CAKE	C	0.79%
ONON	A	0.76%
ECL	B	0.71%
APPF	C	0.42%

ATFV Underweight 3 Positions Relative to FNGO

Symbol	Grade	Weight
TSLA	C	-12.97%
SNOW	F	-10.2%
GOOGL	C	-10.17%