BCDF vs. FNGD ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes (FNGD)

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

$30.14

Average Daily Volume

1,466

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

FNGD

BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes

FNGD Description

The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. 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

$16.56

Average Daily Volume

2,056,564

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	FNGD
30 Days	6.55%	-17.69%
60 Days	8.94%	-23.12%
90 Days	11.94%	-28.90%
12 Months	33.59%	-75.43%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in FNGD	Overlap

BCDF Overweight 13 Positions Relative to FNGD

	Symbol	Grade	Weight
	CACI	D	6.6%
	CBOE	B	5.72%
	ICE	C	5.39%
	NDAQ	A	5.1%
	TW	A	4.5%
	WT	B	3.82%
	SAIC	F	3.52%
	MKTX	D	2.8%
	CME	A	1.99%
	APLD	A	1.34%
	DBRG	F	0.98%
	BR	A	0.97%
	BAH	F	0.75%

BCDF Underweight 10 Positions Relative to FNGD

	Symbol	Grade	Weight
	META	D	-12.53%
	TSLA	B	-11.71%
	NVDA	C	-10.66%
	AMD	F	-10.03%
	NFLX	A	-9.65%
	AAPL	C	-9.39%
	AMZN	C	-9.35%
	SNOW	C	-9.1%
	MSFT	F	-8.84%
	GOOGL	C	-8.74%

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Capital Markets Business Services Information Technology Services Asset Management REIT - Diversified

Keywords: S&P 500 Credit Default Swap Market Data Swaps Brokerage Electronic Trading Exchange Traded Fund Exchange Traded Funds Futures Exchange Futures Exchanges CME Group Central Securities Depositories Computer Security Enterprise Information Technology Federal Government Financial Advisors Futures Products Homeland Security Interest Rate Swap Investment Bank

FNGD: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Auto Manufacturers Consumer Electronics Media - Diversified Software - Application Software - Infrastructure Specialty Retail

Keywords: Nasdaq 100 S&P 500 Computing Mobile Devices Dow Jones Component Hyperscale Operating System Smartphones Software Work From Home Artificial Intelligence Computer Architecture Consumer Electronics Deep Learning Design Manufacturers IBD 50 Laptop Computer Online Retail Sql Streaming Services