KRE vs. BNKU ETF Comparison

Comparison of SPDR S&P Regional Banking ETF (KRE) to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)

KRE

SPDR S&P Regional Banking ETF

KRE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the regional banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.11

Average Daily Volume

13,845,726

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

BNKU

MicroSectors U.S. Big Banks Index 3X Leveraged ETNs

BNKU Description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times 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 the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$25.98

Average Daily Volume

453,905

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KRE	BNKU
30 Days	-2.60%	-1.52%
60 Days	-4.58%	10.69%
90 Days	-8.92%	17.34%
12 Months	7.67%	41.89%

1 Overlapping Holdings

	Symbol	Grade	Weight in KRE	Weight in BNKU	Overlap
	TFC	B	2.54%	10.0%	2.54%

KRE Overweight 138 Positions Relative to BNKU

Symbol	Grade	Weight
MTB	B	2.56%
HBAN	A	2.55%
RF	B	2.53%
OZK	A	2.49%
CFG	B	2.49%
ZION	B	2.48%
EWBC	C	2.45%
WBS	C	2.44%
FHN	B	2.43%
SNV	C	2.41%
WAL	D	2.41%
NYCB	F	2.2%
CADE	C	2.09%
CFR	A	2.02%
COLB	F	1.92%
PNFP	C	1.89%
PB	C	1.88%
WTFC	C	1.77%
VLY	F	1.71%
AX	D	1.67%
SSB	C	1.62%
BPOP	C	1.58%
ONB	C	1.55%
BANC	C	1.5%
ASB	C	1.47%
TCBI	D	1.33%
BKU	D	1.3%
CBSH	A	1.24%
GBCI	D	1.22%
FNB	C	1.21%
HOMB	C	1.19%
UBSI	C	1.08%
BOH	D	1.07%
HWC	C	1.04%
FBP	C	0.98%
ABCB	D	0.93%
FIBK	D	0.9%
UMBF	C	0.85%
TBBK	D	0.83%
UCBI	D	0.81%
FULT	C	0.8%
FHB	C	0.76%
CVBF	D	0.76%
CUBI	D	0.71%
FFIN	C	0.69%
INDB	D	0.68%
BOKF	B	0.66%
CBU	D	0.65%
WSFS	C	0.63%
PPBI	D	0.6%
IBOC	B	0.55%
SFBS	C	0.54%
CATY	D	0.51%
EBC	D	0.5%
SBCF	D	0.5%
HTH	D	0.49%
AUB	C	0.48%
IBTX	D	0.46%
PFS	D	0.45%
SFNC	C	0.45%
WAFD	D	0.45%
BANR	D	0.43%
CASH	D	0.42%
NWBI	D	0.41%
HOPE	C	0.4%
VBTX	D	0.39%
FRME	C	0.39%
OFG	C	0.38%
FFBC	D	0.38%
TRMK	C	0.36%
RNST	D	0.35%
HTLF	B	0.35%
WABC	D	0.35%
LOB	D	0.34%
FCF	D	0.33%
CHCO	C	0.33%
LKFN	D	0.32%
NBTB	D	0.32%
PFBC	B	0.3%
EFSC	D	0.29%
PRK	C	0.29%
TOWN	C	0.29%
BANF	D	0.28%
NBHC	D	0.28%
WSBC	C	0.26%
EGBN	F	0.26%
FBK	C	0.25%
STBA	D	0.25%
CFFN	D	0.25%
OCFC	D	0.24%
FFWM	F	0.24%
FBNC	D	0.24%
BHLB	D	0.23%
SASR	D	0.23%
BRKL	D	0.23%
DCOM	F	0.22%
MCB	F	0.21%
HAFC	D	0.2%
TFSL	D	0.2%
BUSE	C	0.18%
HFWA	D	0.17%
SBSI	D	0.17%
AMAL	D	0.17%
PEBO	D	0.17%
CNOB	D	0.16%
TMP	F	0.16%
SYBT	D	0.16%
TCBK	D	0.15%
FBMS	D	0.15%
LBAI	D	0.14%
NIC	C	0.14%
OBK	D	0.14%
SRCE	C	0.14%
HTBK	D	0.14%
CPF	B	0.14%
MBWM	D	0.13%
PFC	D	0.13%
QCRH	C	0.13%
OSBC	B	0.12%
WASH	D	0.12%
KRNY	F	0.12%
TRST	D	0.11%
UVSP	D	0.11%
BY	D	0.11%
IBCP	C	0.1%
HBNC	D	0.1%
PGC	D	0.1%
FFIC	F	0.1%
CFB	D	0.1%
AMTB	D	0.09%
CTBI	A	0.09%
GSBC	D	0.08%
THFF	D	0.08%
CCB	D	0.08%
HONE	D	0.07%
MSBI	D	0.07%
CAC	D	0.06%
CLBK	D	0.06%

KRE Underweight 9 Positions Relative to BNKU

Symbol	Grade	Weight
WFC	A	-10.0%
USB	C	-10.0%
SCHW	A	-10.0%
PNC	B	-10.0%
MS	A	-10.0%
JPM	B	-10.0%
GS	A	-10.0%
C	A	-10.0%
BAC	A	-10.0%

BNKU: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets