DRUP vs. FNGS ETF Comparison

Comparison of GraniteShares Nasdaq Select Disruptors ETF (DRUP) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)

DRUP

GraniteShares Nasdaq Select Disruptors ETF

DRUP Description

The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (exclusive of collateral held from securities lending) in the securities included in the index. The index is designed by Nasdaq Inc. (the "index provider") to track the performance of large-cap, U.S.-listed companies, with high disruption scores.

Grade (RS Rating)

Last Trade

$56.09

Average Daily Volume

2,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGS

MicroSectors FANG ETNs due January 8, 2038

FNGS Description

The investment seeks to link the return to the performance of the gross total return version of the NYSE® FANG+™ Index. 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. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50.

Grade (RS Rating)

Last Trade

$53.94

Average Daily Volume

164,321

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DRUP	FNGS
30 Days	5.42%	7.52%
60 Days	11.07%	17.61%
90 Days	11.69%	16.22%
12 Months	39.69%	56.02%

5 Overlapping Holdings

Symbol	Grade	Weight in DRUP	Weight in FNGS	Overlap
CRWD	B	2.07%	10.78%	2.07%
GOOGL	B	6.23%	9.83%	6.23%
META	C	6.64%	10.02%	6.64%
MSFT	D	9.59%	9.7%	9.59%
NOW	A	3.19%	10.11%	3.19%

DRUP Overweight 45 Positions Relative to FNGS

Symbol	Grade	Weight
CRM	B	3.81%
PLTR	A	3.29%
ISRG	B	2.86%
ADBE	D	2.81%
SYK	B	2.53%
AMAT	F	2.51%
PANW	A	2.45%
BSX	B	2.42%
VRTX	B	2.26%
SNPS	B	2.09%
CDNS	B	2.08%
ADSK	B	1.97%
TTD	A	1.84%
KLAC	F	1.83%
FTNT	B	1.71%
WDAY	C	1.65%
DDOG	B	1.58%
AXON	A	1.56%
REGN	F	1.55%
NXPI	D	1.55%
HUBS	B	1.44%
EW	D	1.4%
MCHP	F	1.36%
VEEV	C	1.36%
KEYS	A	1.29%
ALNY	C	1.27%
EXPE	B	1.26%
NET	B	1.24%
MPWR	D	1.24%
ZM	A	1.23%
FTV	D	1.19%
PTC	A	1.16%
PINS	C	1.15%
INCY	B	1.09%
MDB	D	1.08%
ZS	C	1.06%
DT	B	1.03%
SNAP	C	1.01%
NTNX	B	0.99%
PSTG	C	0.97%
ALGN	F	0.95%
NBIX	C	0.86%
OKTA	D	0.83%
BSY	D	0.74%
BMRN	F	0.68%

DRUP Underweight 5 Positions Relative to FNGS

Symbol	Grade	Weight
AVGO	B	-10.17%
AAPL	C	-9.93%
AMZN	A	-9.87%
NVDA	A	-9.83%
NFLX	A	-9.75%