FNGO vs. LRNZ ETF Comparison

Comparison of MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO) to TrueMark Technology, AI & Deep Learning ETF (LRNZ)

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

$62.24

Average Daily Volume

23,163

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LRNZ

TrueMark Technology, AI & Deep Learning ETF

LRNZ Description

LRNZ seeks to provide total return by investing in an actively managed, concentrated portfolio of companies that are signiﬁcantly involved in the application of high levels of artificial intelligence. Intends to serve as a more focused alpha seeking solution to complement traditional technology-based indices Targets companies with leading-edge artificial intelligence, machine learning, or deep learning technology platforms, algorithms, or applications that we believe may provide distinct competitive advantages in an industry historically characterized by a winner-take-all consolidation behavior. Portfolio construction begins with a multi-cap investment universe comprised of secular growth companies, cyclical growth companies, and newly public companies. Actively managed by highly credentialed artificial intelligence specialist with deep field experience and robust Silicon Valley network.

Grade (RS Rating)

Last Trade

$38.28

Average Daily Volume

8,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGO	LRNZ
30 Days	12.44%	7.20%
60 Days	8.96%	-0.42%
90 Days	9.23%	-6.32%
12 Months	104.33%	33.19%

4 Overlapping Holdings

Symbol	Grade	Weight in FNGO	Weight in LRNZ	Overlap
AMD	D	10.03%	5.84%	5.84%
AMZN	C	9.35%	4.02%	4.02%
NVDA	C	10.66%	13.27%	10.66%
SNOW	D	9.1%	5.03%	5.03%

FNGO Overweight 6 Positions Relative to LRNZ

Symbol	Grade	Weight
META	D	12.53%
TSLA	D	11.71%
NFLX	B	9.65%
AAPL	C	9.39%
MSFT	B	8.84%
GOOGL	A	8.74%

FNGO Underweight 16 Positions Relative to LRNZ

Symbol	Grade	Weight
CRWD	C	-8.44%
IOT	B	-8.28%
ESTC	C	-5.26%
MDB	D	-4.8%
DDOG	D	-4.59%
NOW	C	-4.36%
LLY	B	-4.34%
NVO	B	-4.28%
S	D	-4.18%
ZS	F	-3.99%
SDGR	F	-2.67%
OKTA	D	-2.67%
RBLX	F	-1.29%
ABCL	F	-1.07%
U	F	-1.04%
RLAY	F	-0.85%