BCDF vs. FNGO ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$23.86

Average Daily Volume

2,370

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X 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 a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$56.76

Average Daily Volume

36,719

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	FNGO
30 Days	-3.43%	-3.94%
60 Days	-4.26%	-4.20%
90 Days	-0.84%	11.64%
12 Months	14.70%	133.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in FNGO	Overlap

BCDF Overweight 4 Positions Relative to FNGO

	Symbol	Grade	Weight
	CACI	A	6.55%
	CBOE	D	5.99%
	ICE	C	5.51%
	CME	D	4.58%

BCDF Underweight 10 Positions Relative to FNGO

	Symbol	Grade	Weight
	META	D	-12.53%
	TSLA	D	-11.71%
	NVDA	B	-10.66%
	AMD	C	-10.03%
	NFLX	D	-9.65%
	AAPL	F	-9.39%
	AMZN	A	-9.35%
	SNOW	D	-9.1%
	MSFT	D	-8.84%
	GOOGL	A	-8.74%

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Information Technology Services

Keywords: Futures Exchanges S&P 500 CME Group Credit Default Swap Futures Exchange Market Data Natural Gas Swaps Actionable Intelligence CBOT Caci Chicago Board Options Exchange Chicago Mercantile Exchange Clearing Services Computer Security Cotton Crude Oil Cyber Security Diversification Electronic Trading

FNGO: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Auto Manufacturers Consumer Electronics Media - Diversified Software - Application Software - Infrastructure Specialty Retail

Keywords: Nasdaq 100 S&P 500 Computing Mobile Devices Hyperscale Dow Jones Component IBD 50 Operating System Smartphones Software Work From Home Artificial Intelligence Computer Architecture Consumer Electronics Deep Learning Design Manufacturers Laptop Computer Online Retail Sql Streaming Services