BCDF vs. BNKD ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$24.81

Average Daily Volume

896

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$21.18

Average Daily Volume

49,541

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	BNKD
30 Days	0.12%	-5.36%
60 Days	2.15%	-4.21%
90 Days	0.74%	-11.93%
12 Months	16.33%	-65.89%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in BNKD	Overlap

BCDF Overweight 5 Positions Relative to BNKD

	Symbol	Grade	Weight
	CACI	B	7.43%
	CBOE	D	5.72%
	ICE	A	5.43%
	SAIC	D	4.7%
	WT	B	4.62%

BCDF Underweight 10 Positions Relative to BNKD

	Symbol	Grade	Weight
	WFC	C	-10.0%
	USB	D	-10.0%
	TFC	B	-10.0%
	SCHW	D	-10.0%
	PNC	C	-10.0%
	MS	B	-10.0%
	JPM	B	-10.0%
	GS	A	-10.0%
	C	B	-10.0%
	BAC	B	-10.0%

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Information Technology Services Asset Management

Keywords: Enterprise Information Technology Federal Government Futures Exchanges S&P 500 U.S. Federal Government Actionable Intelligence Betashares CME Group Caci Chicago Board Options Exchange Clearing Services Computer Security Cotton Credit Default Swap Cyber Security Diversification Engineering Services Exchange Traded Fund Exchange Traded Funds Exchange Traded Products

BNKD: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services