IGRO vs. NRGD ETF Comparison

Comparison of iShares International Dividend Growth ETF (IGRO) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)

IGRO

iShares International Dividend Growth ETF

IGRO Description

The investment seeks to track the investment results of the Morningstar® Global ex-US Dividend Growth IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is a dividend dollars weighted index that seeks to measure the performance of international equities selected based on a consistent history of growing dividends. It is non-diversified.

Grade (RS Rating)

Last Trade

$71.74

Average Daily Volume

55,769

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

NRGD

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN

NRGD Description

The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.

Grade (RS Rating)

Last Trade

$165.76

Average Daily Volume

12,309

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	IGRO	NRGD
30 Days	7.33%	-1.73%
60 Days	5.16%	-1.02%
90 Days	5.96%	23.10%
12 Months	20.21%	-36.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in IGRO	Weight in NRGD	Overlap

IGRO Overweight 1 Positions Relative to NRGD

	Symbol	Grade	Weight
	WCN	B	1.0%

IGRO Underweight 9 Positions Relative to NRGD

	Symbol	Grade	Weight
	XOM	C	-10.0%
	VLO	D	-10.0%
	PSX	D	-10.0%
	OXY	F	-10.0%
	MPC	D	-10.0%
	EOG	D	-10.0%
	DVN	F	-10.0%
	CVX	F	-10.0%
	COP	D	-10.0%

IGRO: Top Represented Industries & Keywords

Industries: Waste Management

Keywords: Aluminum Metal Barge Cardboard Chassis Collection Services Disposal Services Drilling Fluid Ferrous Gas Exploration Intermodal Services Landfill Leasing Services Municipal Solid Waste Natural Gas Exploration Oil Recovery Pacific Northwest Plastic Container Produced Water Recycling Shipping Companies

NRGD: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Oil & Gas Integrated

Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Petroleum Crude Oil Midstream Petroleum Products Chemical Plastic Refined Products Commodity Petrochemicals Liquefied Natural Gas Natural Gas Processing Oil And Gas Properties Petrochemical Propane Sulfur Transports Crude Oil Abu Dhabi National Oil Company