FNGS vs. CIBR ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to First Trust NASDAQ CEA Cybersecurity ETF (CIBR)

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

$53.53

Average Daily Volume

148,268

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

CIBR

First Trust NASDAQ CEA Cybersecurity ETF

CIBR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq CEA Cybersecurity Index(SM) (the "index"). The index is owned by the NASDAQ OMX Group, Inc. The index will include securities of companies classified as "cybersecurity" companies by the CEA. The fund will normally invest at least 90% of its net assets in common stocks or in depositary receipts that comprise the index. The advisor intends to invest in each security in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$63.21

Average Daily Volume

481,215

Number of Holdings ^*

28

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	CIBR
30 Days	3.60%	2.20%
60 Days	8.16%	6.61%
90 Days	10.26%	6.76%
12 Months	48.74%	30.95%

2 Overlapping Holdings

	Symbol	Grade	Weight in FNGS	Weight in CIBR	Overlap
	AVGO	D	10.17%	7.89%	7.89%
	CRWD	B	10.78%	9.36%	9.36%

FNGS Overweight 8 Positions Relative to CIBR

	Symbol	Grade	Weight
	NOW	A	10.11%
	META	D	10.02%
	AAPL	C	9.93%
	AMZN	C	9.87%
	NVDA	B	9.83%
	GOOGL	C	9.83%
	NFLX	A	9.75%
	MSFT	D	9.7%

FNGS Underweight 26 Positions Relative to CIBR

	Symbol	Grade	Weight
	CSCO	B	-8.64%
	PANW	B	-8.19%
	INFY	C	-7.06%
	FTNT	C	-4.64%
	NET	B	-4.22%
	GEN	B	-4.01%
	LDOS	C	-3.99%
	ZS	B	-3.93%
	BAH	F	-3.67%
	CHKP	C	-3.48%
	CYBR	A	-3.46%
	AKAM	D	-3.27%
	FFIV	B	-3.21%
	OKTA	C	-2.85%
	S	B	-2.16%
	OTEX	F	-1.97%
	SAIC	F	-1.54%
	VRNS	D	-1.46%
	QLYS	B	-1.31%
	TENB	C	-1.12%
	RBRK	A	-0.63%
	RPD	B	-0.59%
	NTCT	C	-0.37%
	ATEN	A	-0.28%
	OSPN	A	-0.25%
	RDWR	B	-0.25%

FNGS: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Software - Infrastructure Consumer Electronics Media - Diversified Software - Application Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Work From Home Dow Jones Component Hyperscale Mobile Devices Smartphones IBD 50 Operating System Software Consumer Electronics Deep Learning Fabless Semiconductor Companies Laptop Computer Online Retail Search Engine Software Development Streaming Services Subscription Services

CIBR: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Communication Equipment Business Services Semiconductors Telecom Services

Keywords: Computing Cybersecurity Computer Security S&P 500 Firewall Nasdaq 100 Security Solution Work From Home Telecommunications Cloud Computing Cloud Infrastructure Computer Network Security VPN Application Firewall Computer Network Cyberwarfare Deep Packet Inspection Firewall Software Information And Communications Technology National Security