SOXX vs. FNGS ETF Comparison

Comparison of iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)

SOXX

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX Description

The iShares PHLX SOX Semiconductor Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index

Grade (RS Rating)

Last Trade

$227.15

Average Daily Volume

4,374,938

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$48.81

Average Daily Volume

163,354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOXX	FNGS
30 Days	-1.49%	1.86%
60 Days	10.10%	6.71%
90 Days	-10.44%	-5.94%
12 Months	47.01%	53.64%

2 Overlapping Holdings

	Symbol	Grade	Weight in SOXX	Weight in FNGS	Overlap
	AVGO	C	8.72%	8.75%	8.72%
	NVDA	C	8.22%	8.72%	8.22%

SOXX Overweight 22 Positions Relative to FNGS

Symbol	Grade	Weight
AMD	D	8.65%
TXN	C	6.06%
QCOM	D	6.04%
INTC	D	4.2%
AMAT	B	4.05%
MPWR	B	3.96%
MU	D	3.96%
ADI	C	3.93%
LRCX	D	3.91%
MCHP	F	3.83%
KLAC	B	3.81%
MRVL	C	3.79%
NXPI	F	3.7%
ON	F	3.07%
TER	C	2.14%
ENTG	D	1.72%
SWKS	F	1.6%
ONTO	B	1.0%
QRVO	F	0.99%
OLED	C	0.96%
MKSI	F	0.75%
LSCC	D	0.73%

SOXX Underweight 8 Positions Relative to FNGS

Symbol	Grade	Weight
TSLA	C	-12.97%
AAPL	C	-10.49%
SNOW	F	-10.2%
GOOGL	B	-10.17%
AMZN	C	-10.04%
MSFT	D	-9.82%
META	A	-9.57%
NFLX	A	-9.26%