FNGU vs. BERZ ETF Comparison

Comparison of BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes (FNGU) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

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

$299.94

Average Daily Volume

1,076,807

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$30.31

Average Daily Volume

84,396

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	FNGU	BERZ
30 Days	-7.18%	15.91%
60 Days	-12.25%	18.40%
90 Days	-0.27%	-0.30%
12 Months	229.31%	-80.22%

9 Overlapping Holdings

	Symbol	Grade	Weight in FNGU	Weight in BERZ	Overlap
	AAPL	C	9.51%	6.67%	6.67%
	AMZN	B	9.98%	6.67%	6.67%
	AVGO	D	10.01%	6.67%	6.67%
	GOOGL	A	10.3%	6.67%	6.67%
	META	D	10.34%	6.67%	6.67%
	MSFT	D	9.82%	6.67%	6.67%
	NFLX	C	9.92%	6.67%	6.67%
	NVDA	C	10.07%	6.67%	6.67%
	TSLA	D	10.15%	6.67%	6.67%

FNGU Overweight 1 Positions Relative to BERZ

	Symbol	Grade	Weight
	SNOW	D	9.9%

FNGU Underweight 6 Positions Relative to BERZ

	Symbol	Grade	Weight
	ADBE	D	-6.67%
	QCOM	A	-6.67%
	MU	A	-6.67%
	INTC	F	-6.67%
	CRM	D	-6.67%
	AMD	D	-6.67%

FNGU: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Auto Manufacturers Consumer Electronics Media - Diversified Software - Application Software - Infrastructure Specialty Retail

Keywords: Nasdaq 100 S&P 500 Computing Hyperscale Mobile Devices Smartphones Work From Home Dow Jones Component Operating System Software Consumer Electronics Fabless Semiconductor Companies Laptop Computer Online Retail Sql Streaming Services Subscription Services Advertising Network Advertising Services Alternative Energy

BERZ: Top Represented Industries & Keywords

Industries: Semiconductors Internet Content & Information Software - Application Auto Manufacturers Consumer Electronics Media - Diversified Semiconductor Memory Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Mobile Devices Work From Home Hyperscale Smartphones Software Consumer Electronics Design Manufacturers Fabless Semiconductor Companies Laptop Computer Operating System Wireless Communication Artificial Intelligence Baseband Baseband Processor CRM Cellular Telephone