RAYS vs. BNKU ETF Comparison

Comparison of Global X Solar ETF (RAYS) to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)

RAYS

Global X Solar ETF

RAYS Description

The Global X Solar ETF seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.

Grade (RS Rating)

Last Trade

$11.00

Average Daily Volume

4,774

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

BNKU

MicroSectors U.S. Big Banks Index 3X Leveraged ETNs

BNKU Description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. 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 performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$32.73

Average Daily Volume

393,692

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	RAYS	BNKU
30 Days	-4.01%	17.19%
60 Days	-12.84%	24.54%
90 Days	-4.18%	47.70%
12 Months	-40.31%	158.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in RAYS	Weight in BNKU	Overlap

RAYS Overweight 12 Positions Relative to BNKU

	Symbol	Grade	Weight
	ENPH	F	10.3%
	FSLR	B	10.2%
	SEDG	F	3.74%
	ARRY	F	2.57%
	RUN	F	2.41%
	AY	B	1.71%
	SHLS	F	1.7%
	CSIQ	F	1.04%
	NOVA	F	0.44%
	AMPS	F	0.41%
	SPWR	F	0.22%
	MAXN	F	0.12%

RAYS Underweight 10 Positions Relative to BNKU

	Symbol	Grade	Weight
	WFC	A	-10.0%
	USB	D	-10.0%
	TFC	A	-10.0%
	SCHW	A	-10.0%
	PNC	A	-10.0%
	MS	A	-10.0%
	JPM	A	-10.0%
	GS	A	-10.0%
	C	A	-10.0%
	BAC	A	-10.0%

RAYS: Top Represented Industries & Keywords

Industries: Solar Electronic Components Semiconductor Equipment & Materials Utilities - Regulated Electric Utilities - Renewable

Keywords: Photovoltaics Solar Energy Solar Power Photovoltaic System Renewable Energy Solar Panel Energy Conversion Electricity Inverters Alternative Energy Energy Storage Inverter Systems Power Systems S&P 500 Solar Energy Projects Solar Modules Solar Power Products Solar Power Systems Systems Integrator Clean Energy Projects

BNKU: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services