GUNZ vs. FNGO ETF Comparison

Comparison of Tuttle Capital Self Defense Index ETF (GUNZ) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

GUNZ

Tuttle Capital Self Defense Index ETF

GUNZ Description

GUNZ is the first ETF that seeks to offer a values-driven focus on US self-defense products and services. From a starting universe of US-listed stocks, the fund considers companies involved in the manufacture, service, supply, and distribution of personal and law enforcement defense equipment and protection services. To qualify, a company should be engaged in any of the following categories: (1) the manufacture, wholesale, or retail of firearms, ammunition, gun parts, or other personal and law enforcement defense equipment or (2) the manufacture of home security equipment or development of video surveillance and emergency management systems. The company selects stocks that meet market-cap and liquidity requirements. The portfolio is then weighted equally. The index is rebalanced and reconstituted on the last business day of every quarter.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

238

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

$79.65

Average Daily Volume

20,747

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GUNZ	FNGO
30 Days	2.99%	7.13%
60 Days	6.51%	16.87%
90 Days		13.07%
12 Months		94.84%

0 Overlapping Holdings

	Symbol	Grade	Weight in GUNZ	Weight in FNGO	Overlap

GUNZ Overweight 18 Positions Relative to FNGO

Symbol	Grade	Weight
PLTR	A	8.42%
AXON	A	7.97%
REZI	A	6.83%
JCI	A	6.07%
ALRM	C	5.7%
TDY	B	5.61%
ADTN	A	5.5%
OSIS	A	5.42%
ARLO	D	5.1%
ALLE	D	5.09%
SWBI	D	5.07%
OLN	F	5.01%
NSSC	F	4.84%
RGR	F	4.77%
FBIN	D	4.6%
BGFV	F	4.49%
ASO	F	4.29%
POWW	F	4.04%

GUNZ Underweight 10 Positions Relative to FNGO

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