FNGS vs. FNGO ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

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

$53.52

Average Daily Volume

148,076

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

$82.85

Average Daily Volume

20,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	FNGO
30 Days	4.27%	7.35%
60 Days	8.47%	15.23%
90 Days	11.58%	21.93%
12 Months	49.69%	97.97%

10 Overlapping Holdings

Symbol	Grade	Weight in FNGS	Weight in FNGO	Overlap
AAPL	C	9.93%	9.93%	9.93%
AMZN	B	9.87%	9.87%	9.87%
AVGO	D	10.17%	10.17%	10.17%
CRWD	B	10.78%	10.78%	10.78%
GOOGL	B	9.83%	9.83%	9.83%
META	C	10.02%	10.02%	10.02%
MSFT	D	9.7%	9.7%	9.7%
NFLX	A	9.75%	9.75%	9.75%
NOW	B	10.11%	10.11%	10.11%
NVDA	A	9.83%	9.83%	9.83%

FNGS Overweight 0 Positions Relative to FNGO

	Symbol	Grade	Weight

FNGS Underweight 0 Positions Relative to FNGO

	Symbol	Grade	Weight