FEPI vs. FNGU ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes (FNGU)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$53.87

Average Daily Volume

111,677

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGU

BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes

FNGU Description

The investment seeks return linked to a three times leveraged participation in the daily performance of the NYSE FANG+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. 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

$337.18

Average Daily Volume

1,061,858

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	FNGU
30 Days	0.11%	2.42%
60 Days	0.29%	1.06%
90 Days	2.45%	14.57%
12 Months		239.80%

9 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in FNGU	Overlap
AAPL	B	5.79%	9.51%	5.79%
AMZN	A	5.92%	9.98%	5.92%
AVGO	C	7.86%	10.01%	7.86%
GOOGL	B	5.93%	10.3%	5.93%
META	D	6.04%	10.34%	6.04%
MSFT	C	5.94%	9.82%	5.94%
NFLX	D	7.53%	9.92%	7.53%
NVDA	C	8.03%	10.07%	8.03%
TSLA	C	9.75%	10.15%	9.75%

FEPI Overweight 6 Positions Relative to FNGU

Symbol	Grade	Weight
MU	B	7.62%
AMD	D	7.46%
ADBE	D	5.96%
CRM	D	5.9%
INTC	F	5.86%
PANW	B	5.8%

FEPI Underweight 1 Positions Relative to FNGU

	Symbol	Grade	Weight
	SNOW	D	-9.9%