BNKU vs. FLCA ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU) to Franklin FTSE Canada ETF (FLCA)

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

$27.30

Average Daily Volume

450,964

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FLCA

Franklin FTSE Canada ETF

FLCA Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Canada RIC Capped Index (the FTSE Canada Capped Index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Canada Capped Index and in depositary receipts representing such securities. The FTSE Canada Capped Index is based on the FTSE Canada Index and is designed to measure the performance of Canadian large- and mid-capitalization stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.66

Average Daily Volume

28,180

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	BNKU	FLCA
30 Days	-2.71%	-2.77%
60 Days	16.32%	1.20%
90 Days	23.31%	2.94%
12 Months	56.27%	7.33%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNKU	Weight in FLCA	Overlap

BNKU Overweight 10 Positions Relative to FLCA

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

BNKU Underweight 5 Positions Relative to FLCA

	Symbol	Grade	Weight
	TD	D	-5.86%
	SHOP	D	-4.77%
	CNI	C	-4.31%
	WCN	C	-2.48%
	GOLD	A	-1.8%

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

FLCA: Top Represented Industries & Keywords

Industries: Banks - Global Gold Railroads Software - Application Waste Management

Keywords: S&P/Tsx 60 Index Aluminum Metal Asset Management Services Automated Banking Automated Banking Machines Automotive Products Bank Banking Banking Solutions Barge Cardboard Cash Management Chassis Chemical Collection Services Commercial Banking Copper Customer Relationship Management Disposal Services Drilling Fluid