SPYU vs. SECT ETF Comparison

Comparison of Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043 (SPYU) to Main Sector Rotation ETF (SECT)

SPYU

Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043

SPYU Description

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis. The notes are designed to reflect a 4x leveraged long exposure to the performance of the index on a daily basis (as described below), before taking into account the negative effect of the Daily Investor Fee, the Daily Financing Charge and the Redemption Fee Amount, if applicable.

Grade (RS Rating)

Last Trade

$50.68

Average Daily Volume

757,173

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

SECT

Main Sector Rotation ETF

SECT Description

The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline. The fund utilizes a fund of funds structure to invest in sector based equity ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the fund's portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The fund sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.

Grade (RS Rating)

Last Trade

$55.81

Average Daily Volume

88,232

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	SPYU	SECT
30 Days	3.58%	2.74%
60 Days	11.85%	4.83%
90 Days	14.25%	4.73%
12 Months		26.25%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPYU	Weight in SECT	Overlap

SPYU Overweight 1 Positions Relative to SECT

	Symbol	Grade	Weight
	SPXT	A	100.0%

SPYU Underweight 6 Positions Relative to SECT

	Symbol	Grade	Weight
	QQQ	B	-19.17%
	IJK	A	-14.79%
	XLC	A	-14.78%
	SMH	C	-12.05%
	ARKG	F	-3.02%
	BIL	A	-0.0%

SPYU: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund S&P 500 Index CBOE Telecommunication Services

SECT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Bioinformatics Biotechnology Depositary Receipt Exchange Traded Funds Genomics Global Industry Classification Standard Index Fund Interactive Media Invesco Powershares Midcap Nasdaq 100 Nasdaq 100 Index Nasdaq Composite Index S&P 400 Semiconductor Stem Cell Telecommunication Services