SHNY vs. DULL ETF Comparison

Comparison of Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043 (SHNY) to Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043 (DULL)

SHNY

Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043

SHNY Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Solactive Global Silver Miners Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure broad based equity market performance of companies involved in the silver mining industry, as defined by Structured Solutions AG. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.82

Average Daily Volume

31,579

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DULL

Bank Of Montreal MicroSectors Gold -3X Inverse Leveraged ETNs due January 29, 2043

DULL Description

The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the ETF on a daily basis. The notes are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a "buy and hold" strategy.

Grade (RS Rating)

Last Trade

$8.41

Average Daily Volume

18,864

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHNY	DULL
30 Days	16.91%	-16.45%
60 Days	23.50%	-22.89%
90 Days	33.14%	-30.50%
12 Months	127.25%	-67.53%

1 Overlapping Holdings

	Symbol	Grade	Weight in SHNY	Weight in DULL	Overlap
	GLD	A	100.0%	100.0%	100.0%

SHNY Overweight 0 Positions Relative to DULL

	Symbol	Grade	Weight

SHNY Underweight 0 Positions Relative to DULL

	Symbol	Grade	Weight

SHNY: Top Represented Industries & Keywords

Industries:

Keywords: Bullion ETF Equity Exchange Traded Fund Gold Precious Metals

DULL: Top Represented Industries & Keywords

Industries:

Keywords: Bullion ETF Equity Exchange Traded Fund Gold Precious Metals