BNKD vs. GSIB ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to Themes Global Systemically Important Banks ETF (GSIB)

BNKD

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

BNKD Description

The investment seeks to provide a leveraged inverse return based on 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 inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest 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

$23.66

Average Daily Volume

85,289

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

The fund is an actively managed exchange-traded fund ("ETF") that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") that represent such companies in the banking sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.93

Average Daily Volume

655

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	BNKD	GSIB
30 Days	2.20%	1.68%
60 Days	-19.80%	7.51%
90 Days	-27.09%	11.62%
12 Months	-67.18%

5 Overlapping Holdings

	Symbol	Grade	Weight in BNKD	Weight in GSIB	Overlap
	BAC	A	10.0%	3.65%	3.65%
	C	A	10.0%	3.7%	3.7%
	GS	A	10.0%	3.63%	3.63%
	JPM	A	10.0%	3.67%	3.67%
	MS	A	10.0%	3.64%	3.64%

BNKD Overweight 5 Positions Relative to GSIB

	Symbol	Grade	Weight
	WFC	A	10.0%
	USB	C	10.0%
	TFC	A	10.0%
	SCHW	A	10.0%
	PNC	A	10.0%

BNKD Underweight 3 Positions Relative to GSIB

	Symbol	Grade	Weight
	SAN	A	-3.8%
	STT	C	-3.7%
	ING	A	-3.7%

BNKD: 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

GSIB: Top Represented Industries & Keywords

Industries: Banks - Global Capital Markets Asset Management

Keywords: S&P 500 Bank Investment Product Trade Finance Banking Cash Management Investment Bank Investment Banking Investment Management Services Financial Products Primary Dealers Securities Services Transaction Services Asset Management Services Brokerage Commercial Banking Dow Jones Component Financial Advisory Services Hedge Funds Insurance