FNGS vs. WCBR ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to WisdomTree Cybersecurity Fund (WCBR)

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

$53.70

Average Daily Volume

147,087

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

WCBR

WisdomTree Cybersecurity Fund

WCBR Description

The investment seeks to track the price and yield performance of the WisdomTree Team8 Cybersecurity Index. The index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in cybersecurity and security-oriented technology that generate a meaningful part of their revenue from cybersecurity activities and are experiencing revenue growth. To the extent the index concentrates in the securities of a particular industry or group of industries, the fund will concentrate its investments to approximately the same extent as the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.13

Average Daily Volume

20,253

Number of Holdings ^*

22

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	WCBR
30 Days	6.44%	13.95%
60 Days	8.51%	14.49%
90 Days	10.61%	12.06%
12 Months	49.21%	32.84%

1 Overlapping Holdings

	Symbol	Grade	Weight in FNGS	Weight in WCBR	Overlap
	CRWD	B	10.78%	6.07%	6.07%

FNGS Overweight 9 Positions Relative to WCBR

	Symbol	Grade	Weight
	AVGO	D	10.17%
	NOW	A	10.11%
	META	D	10.02%
	AAPL	C	9.93%
	AMZN	C	9.87%
	NVDA	C	9.83%
	GOOGL	C	9.83%
	NFLX	A	9.75%
	MSFT	F	9.7%

FNGS Underweight 21 Positions Relative to WCBR

	Symbol	Grade	Weight
	FTNT	C	-5.54%
	DDOG	A	-5.51%
	RPD	C	-5.5%
	NET	B	-5.46%
	S	B	-5.45%
	ZS	C	-5.37%
	ESTC	C	-5.35%
	CYBR	B	-5.18%
	PANW	C	-5.08%
	TENB	C	-4.61%
	OKTA	C	-4.47%
	HCP	B	-4.46%
	QLYS	C	-3.97%
	FFIV	B	-3.94%
	CVLT	B	-3.9%
	RBRK	A	-3.69%
	CHKP	D	-3.11%
	AKAM	D	-3.03%
	FSLY	D	-2.61%
	VRNS	D	-2.38%
	OSPN	A	-1.58%

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

WCBR: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Telecom Services

Keywords: Computing Cybersecurity Computer Security Nasdaq 100 Firewall Security Solution Cloud Computing Cloud Infrastructure Computer Network Security S&P 500 Work From Home Software As A Service VPN Application Firewall Big Data Cloud Platform Computer Networking Content Control Software Content Delivery Content Delivery Networks