BCDF vs. BNKU ETF Comparison

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

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

$28.09

Average Daily Volume

1,600

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

BNKU

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

BNKU Description

The investment seeks to reflect a 3x leveraged long exposure to 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 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 the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$36.13

Average Daily Volume

264,393

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	BNKU
30 Days	4.49%	18.50%
60 Days	11.87%	14.37%
90 Days	13.00%	22.23%
12 Months	35.92%	79.48%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in BNKU	Overlap

BCDF Overweight 4 Positions Relative to BNKU

	Symbol	Grade	Weight
	CACI	A	7.79%
	CBOE	A	6.19%
	ICE	A	5.97%
	NDAQ	C	4.99%

BCDF Underweight 10 Positions Relative to BNKU

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

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Information Technology Services

Keywords: S&P 500 Exchange Traded Fund Futures Exchange Futures Exchanges Futures Products Market Data Actionable Intelligence Advisory Services CME Group Caci Central Securities Depositories Chicago Board Options Exchange Clearing Services Computer Security Cotton Credit Default Swap Cyber Security Depository Services Diversification Engineering Services

BNKU: 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