FDND vs. FNGO ETF Comparison

Comparison of FT Vest Dow Jones Internet & Target Income ETF (FDND) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

FDND

FT Vest Dow Jones Internet & Target Income ETF

FDND Description

FDND aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the Nasdaq-100 Index. The income stems from dividends from individual equity positions and premiums from selling naked call options. However, there is no guarantee the fund will deliver the target income. The portfolio manager actively selects 40 of the largest and most liquid US internet companies, which includes firms in the internet commerce and internet services sub-industries. Each week, FDND attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Nasdaq-100 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.

Grade (RS Rating)

Last Trade

$22.22

Average Daily Volume

1,791

Number of Holdings ^*

* 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

$83.33

Average Daily Volume

20,206

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDND	FNGO
30 Days	10.31%	12.61%
60 Days	13.46%	16.24%
90 Days	17.57%	18.98%
12 Months		98.51%

4 Overlapping Holdings

Symbol	Grade	Weight in FDND	Weight in FNGO	Overlap
AMZN	C	9.6%	9.87%	9.6%
GOOGL	C	5.33%	9.83%	5.33%
META	D	9.45%	10.02%	9.45%
NFLX	A	8.46%	9.75%	8.46%

FDND Overweight 37 Positions Relative to FNGO

Symbol	Grade	Weight
CRM	B	7.54%
BKNG	A	4.98%
CSCO	B	4.45%
GOOG	C	4.41%
ANET	C	4.25%
PYPL	B	4.25%
ABNB	C	2.86%
DASH	A	2.82%
WDAY	B	2.75%
CPRT	A	2.45%
SNOW	C	2.19%
DDOG	A	2.02%
TEAM	A	1.93%
HUBS	A	1.74%
VEEV	C	1.63%
EBAY	D	1.49%
NET	B	1.38%
RBLX	C	1.37%
CVNA	B	1.33%
GDDY	A	1.26%
ZM	B	1.03%
DKNG	B	0.97%
PINS	D	0.86%
NTNX	A	0.85%
DOCU	A	0.79%
VRSN	F	0.75%
AKAM	D	0.67%
JNPR	F	0.61%
OKTA	C	0.59%
PAYC	B	0.55%
CIEN	B	0.49%
CFLT	B	0.36%
SMAR	A	0.36%
DBX	B	0.31%
MARA	C	0.3%
BOX	B	0.24%
ZI	D	0.15%

FDND Underweight 6 Positions Relative to FNGO

Symbol	Grade	Weight
CRWD	B	-10.78%
AVGO	D	-10.17%
NOW	A	-10.11%
AAPL	C	-9.93%
NVDA	C	-9.83%
MSFT	F	-9.7%