FNGS vs. FNGD ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes (FNGD)

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

$42.70

Average Daily Volume

159,711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGD

BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes

FNGD Description

The investment seeks return linked to a three times inverse 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

$37.56

Average Daily Volume

1,366,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	FNGD
30 Days	-4.43%	13.36%
60 Days	-4.04%	11.06%
90 Days	4.52%	-16.71%
12 Months	63.11%	-81.00%

10 Overlapping Holdings

Symbol	Grade	Weight in FNGS	Weight in FNGD	Overlap
AAPL	F	9.39%	9.39%	9.39%
AMD	D	10.03%	10.03%	10.03%
AMZN	B	9.35%	9.35%	9.35%
GOOGL	A	8.74%	8.74%	8.74%
META	D	12.53%	12.53%	12.53%
MSFT	C	8.84%	8.84%	8.84%
NFLX	D	9.65%	9.65%	9.65%
NVDA	D	10.66%	10.66%	10.66%
SNOW	D	9.1%	9.1%	9.1%
TSLA	D	11.71%	11.71%	11.71%

FNGS Overweight 0 Positions Relative to FNGD

	Symbol	Grade	Weight

FNGS Underweight 0 Positions Relative to FNGD

	Symbol	Grade	Weight