BCDF vs. FNGS ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)

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

FNGS

MicroSectors FANG ETNs due January 8, 2038

FNGS Description

The investment seeks to link the return to the performance of the gross total return version of the NYSE® FANG+™ Index. 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. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50.

Grade (RS Rating)

Last Trade

$52.63

Average Daily Volume

119,626

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	FNGS
30 Days	0.12%	13.79%
60 Days	2.15%	18.62%
90 Days	0.74%	21.60%
12 Months	16.33%	56.17%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in FNGS	Overlap

BCDF Overweight 5 Positions Relative to FNGS

	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 FNGS

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

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

FNGS: 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 Hyperscale Dow Jones Component IBD 50 Operating System Smartphones Software Work From Home Artificial Intelligence Computer Architecture Consumer Electronics Deep Learning Design Manufacturers Laptop Computer Online Retail Sql Streaming Services