FNGS vs. FNGD ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes (FNGD)

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

$50.77

Average Daily Volume

162,951

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FNGD

BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes

FNGD Description

The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. 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

$19.80

Average Daily Volume

1,898,201

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	FNGD
30 Days	4.02%	-11.96%
60 Days	5.95%	-18.45%
90 Days	11.00%	-31.56%
12 Months	55.40%	-78.17%

7 Overlapping Holdings

	Symbol	Grade	Weight in FNGS	Weight in FNGD	Overlap
	AAPL	C	9.93%	9.39%	9.39%
	AMZN	A	9.87%	9.35%	9.35%
	GOOGL	A	9.83%	8.74%	8.74%
	META	B	10.02%	12.53%	10.02%
	MSFT	D	9.7%	8.84%	8.84%
	NFLX	A	9.75%	9.65%	9.65%
	NVDA	B	9.83%	10.66%	9.83%

FNGS Overweight 3 Positions Relative to FNGD

	Symbol	Grade	Weight
	CRWD	C	10.78%
	AVGO	B	10.17%
	NOW	A	10.11%

FNGS Underweight 3 Positions Relative to FNGD

	Symbol	Grade	Weight
	TSLA	A	-11.71%
	AMD	F	-10.03%
	SNOW	C	-9.1%

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 Hyperscale Mobile Devices Smartphones Dow Jones Component IBD 50 Operating System Software Consumer Electronics Deep Learning Fabless Semiconductor Companies Laptop Computer Online Retail Search Engine Software Development Streaming Services Subscription Services

FNGD: Top Represented Industries & Keywords

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

Keywords: Nasdaq 100 S&P 500 Computing Mobile Devices Hyperscale Dow Jones Component Operating System Smartphones Software Work From Home Artificial Intelligence Computer Architecture Consumer Electronics Deep Learning Design Manufacturers IBD 50 Laptop Computer Online Retail Sql Streaming Services