FNGS vs. LRNZ ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to TrueMark Technology, AI & Deep Learning ETF (LRNZ)

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

$51.89

Average Daily Volume

119,029

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LRNZ

TrueMark Technology, AI & Deep Learning ETF

LRNZ Description

LRNZ seeks to provide total return by investing in an actively managed, concentrated portfolio of companies that are signiﬁcantly involved in the application of high levels of artificial intelligence. Intends to serve as a more focused alpha seeking solution to complement traditional technology-based indices Targets companies with leading-edge artificial intelligence, machine learning, or deep learning technology platforms, algorithms, or applications that we believe may provide distinct competitive advantages in an industry historically characterized by a winner-take-all consolidation behavior. Portfolio construction begins with a multi-cap investment universe comprised of secular growth companies, cyclical growth companies, and newly public companies. Actively managed by highly credentialed artificial intelligence specialist with deep field experience and robust Silicon Valley network.

Grade (RS Rating)

Last Trade

$40.08

Average Daily Volume

9,377

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	LRNZ
30 Days	15.26%	8.81%
60 Days	19.49%	7.85%
90 Days	21.44%	7.67%
12 Months	53.07%	24.99%

4 Overlapping Holdings

Symbol	Grade	Weight in FNGS	Weight in LRNZ	Overlap
AMD	B	10.03%	5.76%	5.76%
AMZN	A	9.35%	3.96%	3.96%
NVDA	B	10.66%	17.47%	10.66%
SNOW	D	9.1%	4.07%	4.07%

FNGS Overweight 6 Positions Relative to LRNZ

Symbol	Grade	Weight
META	B	12.53%
TSLA	B	11.71%
NFLX	A	9.65%
AAPL	A	9.39%
MSFT	A	8.84%
GOOGL	A	8.74%

FNGS Underweight 15 Positions Relative to LRNZ

Symbol	Grade	Weight
CRWD	A	-9.69%
IOT	C	-6.41%
ESTC	B	-5.42%
NET	B	-4.99%
LLY	B	-4.81%
DDOG	B	-4.8%
NVO	C	-4.53%
NOW	B	-4.4%
MDB	D	-4.03%
S	D	-3.85%
OKTA	C	-2.37%
SDGR	F	-2.11%
ZS	B	-1.42%
RLAY	F	-0.8%
ABCL	F	-0.74%