BNKU vs. BNKD ETF Comparison

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

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

$32.57

Average Daily Volume

251,887

Number of Holdings ^*

10

* 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

$20.40

Average Daily Volume

50,264

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BNKU	BNKD
30 Days	6.89%	-8.15%
60 Days	8.28%	-10.64%
90 Days	12.89%	-16.56%
12 Months	99.33%	-64.52%

10 Overlapping Holdings

	Symbol	Grade	Weight in BNKU	Weight in BNKD	Overlap
	BAC	A	10.0%	10.0%	10.0%
	C	A	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	B	10.0%	10.0%	10.0%
	USB	C	10.0%	10.0%	10.0%
	WFC	C	10.0%	10.0%	10.0%

BNKU Overweight 0 Positions Relative to BNKD

	Symbol	Grade	Weight

BNKU Underweight 0 Positions Relative to BNKD

	Symbol	Grade	Weight

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

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