FNGO vs. PCGG ETF Comparison

Comparison of MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO) to Polen Capital Global Growth ETF (PCGG)

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X 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 a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$82.41

Average Daily Volume

20,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PCGG

Polen Capital Global Growth ETF

PCGG Description

The fund is a non-diversified, actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by investing in a focused portfolio of approximately 25 to 40 common stocks of large capitalization companies that are located anywhere in the world, including companies in both developed and emerging markets, and, in the opinion of the sub-advisor to the fund, have a sustainable competitive advantage. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.79

Average Daily Volume

48,588

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGO	PCGG
30 Days	7.35%	2.02%
60 Days	15.23%	2.82%
90 Days	21.93%	4.92%
12 Months	97.97%	17.00%

3 Overlapping Holdings

Symbol	Grade	Weight in FNGO	Weight in PCGG	Overlap
AMZN	B	9.87%	9.22%	9.22%
MSFT	D	9.7%	5.96%	5.96%
NOW	B	10.11%	2.27%	2.27%

FNGO Overweight 7 Positions Relative to PCGG

Symbol	Grade	Weight
CRWD	B	10.78%
AVGO	D	10.17%
META	C	10.02%
AAPL	C	9.93%
NVDA	A	9.83%
GOOGL	B	9.83%
NFLX	A	9.75%

FNGO Underweight 18 Positions Relative to PCGG

Symbol	Grade	Weight
GOOG	B	-7.72%
MA	B	-4.62%
ABT	B	-4.56%
ADBE	D	-4.24%
V	A	-4.19%
WDAY	C	-4.12%
MSCI	C	-4.1%
AON	B	-4.03%
SHOP	B	-3.88%
ICLR	D	-3.35%
PAYC	B	-3.06%
TMO	D	-2.85%
ACN	B	-2.73%
GLOB	C	-2.42%
ZTS	D	-2.14%
ABNB	C	-1.62%
ORCL	A	-1.53%
ADP	B	-1.47%