BNKD vs. BNKU ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)

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

$21.00

Average Daily Volume

52,559

Number of Holdings ^*

10

* 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

$31.70

Average Daily Volume

263,287

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BNKD	BNKU
30 Days	-2.55%	0.73%
60 Days	-9.68%	7.28%
90 Days	-11.76%	7.09%
12 Months	-65.15%	103.34%

10 Overlapping Holdings

	Symbol	Grade	Weight in BNKD	Weight in BNKU	Overlap
	BAC	A	10.0%	10.0%	10.0%
	C	C	10.0%	10.0%	10.0%
	GS	A	10.0%	10.0%	10.0%
	JPM	A	10.0%	10.0%	10.0%
	MS	B	10.0%	10.0%	10.0%
	PNC	C	10.0%	10.0%	10.0%
	SCHW	C	10.0%	10.0%	10.0%
	TFC	C	10.0%	10.0%	10.0%
	USB	C	10.0%	10.0%	10.0%
	WFC	C	10.0%	10.0%	10.0%

BNKD Overweight 0 Positions Relative to BNKU

	Symbol	Grade	Weight

BNKD Underweight 0 Positions Relative to BNKU

	Symbol	Grade	Weight

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

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