EMXC vs. NRGU ETF Comparison

Comparison of iShares MSCI Emerging Markets ex China ETF (EMXC) to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)

EMXC

iShares MSCI Emerging Markets ex China ETF

EMXC Description

The investment seeks to track the investment results of the MSCI Emerging Markets ex China Index (the "underlying index"), which is designed to measure equity market performance in global emerging markets. The underlying index is a free float-adjusted market capitalization weighted index that captures large- and mid-capitalization stocks across 23 of the 24 Emerging Markets countries, excluding China. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$60.32

Average Daily Volume

2,887,653

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

NRGU Description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. 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. listed stocks with the largest market capitalization in the energy/oil sector.

Grade (RS Rating)

Last Trade

$502.48

Average Daily Volume

24,813

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	EMXC	NRGU
30 Days	-0.30%	0.50%
60 Days	0.22%	-2.89%
90 Days	2.31%	-23.35%
12 Months	19.52%	20.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in EMXC	Weight in NRGU	Overlap
	COP	F	8.11%	10.0%	8.11%

EMXC Overweight 3 Positions Relative to NRGU

	Symbol	Grade	Weight
	SAR	B	182.1%
	UMC	B	0.33%
	CHT	A	0.26%

EMXC Underweight 8 Positions Relative to NRGU

	Symbol	Grade	Weight
	XOM	D	-10.0%
	VLO	F	-10.0%
	PSX	F	-10.0%
	OXY	F	-10.0%
	MPC	F	-10.0%
	EOG	D	-10.0%
	DVN	F	-10.0%
	CVX	D	-10.0%

EMXC: Top Represented Industries & Keywords

Industries: Asset Management Oil & Gas E&P Semiconductors Telecom Services

Keywords: ADSL Broadband Broadband Access Business Development Cloud Computing Communication Technology Communications Services DSL Data Services Debt Direct Lending Fabless Semiconductor Companies Fiber Optics Fiber To The Premises By Country Fixed Line Network Information And Communications Technology Internet Access Internet Data Internet Data Center Internet Services

NRGU: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Oil & Gas Integrated

Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Petroleum Crude Oil Midstream Petroleum Products Chemical Plastic Refined Products Commodity Petrochemicals Liquefied Natural Gas Natural Gas Processing Oil And Gas Properties Petrochemical Propane Sulfur Transports Crude Oil Abu Dhabi National Oil Company