FNGS vs. OEF ETF Comparison

Comparison of MicroSectors FANG ETNs due January 8, 2038 (FNGS) to iShares S&P 100 ETF (OEF)

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

$49.01

Average Daily Volume

163,818

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OEF

iShares S&P 100 ETF

OEF Description

The investment seeks to track the investment results of an index composed of 100 large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P 100Â® (the "underlying index"), which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$275.37

Average Daily Volume

244,891

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FNGS	OEF
30 Days	3.81%	2.59%
60 Days	3.05%	5.25%
90 Days	-0.24%	4.50%
12 Months	53.93%	38.67%

9 Overlapping Holdings

Symbol	Grade	Weight in FNGS	Weight in OEF	Overlap
AAPL	C	10.49%	10.4%	10.4%
AMZN	C	10.04%	5.36%	5.36%
AVGO	C	8.75%	2.39%	2.39%
GOOGL	D	10.17%	2.87%	2.87%
META	B	9.57%	3.68%	3.68%
MSFT	C	9.82%	9.7%	9.7%
NFLX	B	9.26%	0.9%	0.9%
NVDA	C	8.72%	8.55%	8.55%
TSLA	C	12.97%	1.98%	1.98%

FNGS Overweight 1 Positions Relative to OEF

	Symbol	Grade	Weight
	SNOW	F	10.2%

FNGS Underweight 92 Positions Relative to OEF

Symbol	Grade	Weight
BRK.A	C	-2.5%
GOOG	D	-2.37%
LLY	D	-2.18%
JPM	D	-1.8%
UNH	C	-1.59%
XOM	D	-1.53%
V	C	-1.43%
PG	C	-1.23%
MA	B	-1.22%
COST	C	-1.21%
JNJ	C	-1.18%
HD	B	-1.16%
WMT	B	-1.03%
ABBV	B	-1.02%
MRK	F	-0.89%
KO	B	-0.83%
BAC	D	-0.81%
ORCL	B	-0.8%
CRM	C	-0.77%
AMD	C	-0.76%
CVX	F	-0.74%
TMO	B	-0.7%
PEP	D	-0.7%
ADBE	F	-0.69%
LIN	B	-0.68%
MCD	B	-0.64%
CSCO	B	-0.63%
ACN	C	-0.63%
GE	C	-0.61%
IBM	B	-0.6%
ABT	C	-0.59%
WFC	D	-0.57%
TXN	B	-0.56%
VZ	A	-0.56%
PM	C	-0.56%
QCOM	D	-0.56%
CAT	B	-0.54%
INTU	D	-0.54%
AMGN	D	-0.54%
DHR	B	-0.53%
DIS	D	-0.51%
NEE	B	-0.51%
PFE	D	-0.5%
RTX	B	-0.47%
GS	B	-0.47%
T	B	-0.46%
CMCSA	C	-0.46%
UNP	D	-0.45%
AXP	B	-0.45%
LOW	B	-0.44%
BKNG	B	-0.41%
HON	C	-0.4%
BLK	B	-0.39%
COP	F	-0.38%
MS	B	-0.38%
C	C	-0.36%
LMT	A	-0.36%
MDT	B	-0.34%
SBUX	C	-0.33%
AMT	C	-0.33%
NKE	D	-0.31%
DE	A	-0.31%
GILD	B	-0.31%
MDLZ	C	-0.3%
BMY	C	-0.3%
SCHW	D	-0.29%
TMUS	B	-0.29%
SO	B	-0.29%
INTC	D	-0.28%
UPS	D	-0.28%
BA	F	-0.27%
DUK	B	-0.27%
MO	C	-0.26%
CL	C	-0.25%
PYPL	B	-0.24%
GD	C	-0.24%
USB	C	-0.22%
CVS	D	-0.22%
MMM	B	-0.22%
TGT	C	-0.21%
EMR	D	-0.18%
FDX	D	-0.17%
COF	B	-0.17%
BK	B	-0.16%
GM	C	-0.16%
SPG	B	-0.15%
AIG	D	-0.14%
MET	B	-0.14%
F	F	-0.13%
DOW	C	-0.11%
CHTR	D	-0.1%
KHC	C	-0.09%