ESPO vs. FNGS ETF Comparison

Comparison of VanEck Vectors Video Gaming and eSports ETF (ESPO) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)

ESPO

VanEck Vectors Video Gaming and eSports ETF

ESPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Video Gaming & eSports Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is a global index that tracks the performance of the global video gaming and eSports (also known as electronic sports) segment. The fund may invest in depositary receipts and securities denominated in foreign currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.71

Average Daily Volume

15,260

Number of Holdings ^*

* 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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	ESPO	FNGS
30 Days	-0.28%	13.79%
60 Days	6.23%	18.62%
90 Days	10.38%	21.60%
12 Months	26.23%	56.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in ESPO	Weight in FNGS	Overlap
	AMD	B	7.85%	10.03%	7.85%

ESPO Overweight 7 Positions Relative to FNGS

Symbol	Grade	Weight
NTES	D	7.14%
EA	B	6.09%
RBLX	B	5.6%
TTWO	C	4.85%
APP	B	4.82%
GME	C	4.37%
U	F	3.75%

ESPO Underweight 9 Positions Relative to FNGS

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