FNGS vs. FCOM ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

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 ^*

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.99

Average Daily Volume

78,574

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	FCOM
30 Days	3.60%	4.47%
60 Days	8.16%	7.33%
90 Days	10.26%	9.92%
12 Months	48.74%	36.02%

3 Overlapping Holdings

Symbol	Grade	Weight in FNGS	Weight in FCOM	Overlap
GOOGL	C	9.83%	12.65%	9.83%
META	D	10.02%	21.65%	10.02%
NFLX	A	9.75%	5.0%	5.0%

FNGS Overweight 7 Positions Relative to FCOM

Symbol	Grade	Weight
CRWD	B	10.78%
AVGO	D	10.17%
NOW	A	10.11%
AAPL	C	9.93%
AMZN	C	9.87%
NVDA	B	9.83%
MSFT	D	9.7%

FNGS Underweight 90 Positions Relative to FCOM

Symbol	Grade	Weight
GOOG	C	-9.85%
DIS	B	-4.36%
CMCSA	B	-4.15%
VZ	C	-4.13%
T	A	-4.11%
TMUS	B	-3.35%
TTD	B	-1.8%
EA	A	-1.57%
CHTR	C	-1.49%
TTWO	A	-1.37%
LYV	A	-1.34%
WBD	B	-1.27%
RBLX	C	-1.25%
OMC	C	-1.03%
FOXA	A	-0.85%
NWSA	A	-0.85%
PINS	F	-0.84%
LBRDK	C	-0.81%
IPG	D	-0.77%
ROKU	D	-0.74%
TKO	A	-0.73%
SNAP	D	-0.71%
NYT	D	-0.65%
LUMN	C	-0.65%
MTCH	D	-0.63%
FYBR	C	-0.52%
FOX	A	-0.48%
PARA	C	-0.45%
EDR	A	-0.42%
NXST	C	-0.41%
IAC	F	-0.28%
CNK	C	-0.28%
CCOI	B	-0.28%
MSGS	A	-0.27%
RDDT	A	-0.26%
IRDM	D	-0.25%
TDS	B	-0.25%
SATS	D	-0.24%
CARG	B	-0.24%
TGNA	B	-0.24%
ZI	D	-0.2%
ZD	B	-0.2%
YELP	C	-0.18%
MGNI	B	-0.16%
NPAB	F	-0.16%
SIRI	C	-0.15%
DJT	C	-0.15%
CABO	B	-0.14%
LBRDA	C	-0.12%
TRIP	F	-0.12%
GSAT	C	-0.11%
CARS	C	-0.1%
AMC	C	-0.1%
QNST	B	-0.09%
IMAX	B	-0.09%
VMEO	B	-0.08%
USM	B	-0.08%
MSGE	F	-0.08%
IDT	B	-0.07%
LGF.A	C	-0.07%
LILAK	D	-0.07%
STGW	A	-0.06%
GCI	D	-0.06%
SSTK	F	-0.06%
IAS	C	-0.06%
BMBL	C	-0.06%
TTGT	B	-0.06%
SHEN	F	-0.05%
PUBM	C	-0.05%
SCHL	F	-0.05%
ZIP	D	-0.05%
FUBO	D	-0.04%
EVER	D	-0.04%
IBTA	C	-0.04%
THRY	D	-0.04%
GOGO	C	-0.04%
ATUS	B	-0.04%
MCS	B	-0.04%
CNSL	C	-0.03%
BOC	C	-0.03%
ADV	D	-0.03%
ATEX	F	-0.03%
CCO	C	-0.03%
GTN	F	-0.03%
LGF.A	C	-0.03%
MAX	F	-0.03%
LILA	D	-0.02%
EB	C	-0.02%
AMCX	C	-0.02%
ANGI	F	-0.01%