MJO vs. PHO ETF Comparison

Comparison of MicroSectors Cannabis 2X Leveraged ETNs (MJO) to Invesco Water Resources ETF (PHO)
MJO

MicroSectors Cannabis 2X Leveraged ETNs

MJO Description

The investment seeks a two times leveraged participation in the daily performance of the Indxx MicroSectorsTM North American Cannabis Index.The index is designed to track the performance of companies that are publicly traded in the U.S. and/or Canada, and that provide products or services related to the medical or industrial use of cannabis or products derived from cannabis. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50. The notes do not bear interest.

Grade (RS Rating)

Last Trade

$100.35

Average Daily Volume

4,980

Number of Holdings *

16

* may have additional holdings in another (foreign) market
PHO

Invesco Water Resources ETF

PHO Description The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$51.80

Average Daily Volume

93,191

Number of Holdings *

36

* may have additional holdings in another (foreign) market
Performance
MJO PHO
30 Days -5.15% 6.52%
60 Days -21.38% 5.28%
90 Days -12.27% 7.34%
12 Months 196.51% 55.46%
1 Overlapping Holdings
Grade Symbol Weight in MJO Weight in PHO Overlap
C WAT 9.05% 4.06% 4.06%
MJO Overweight 15 Positions Relative to PHO
Grade Symbol Weight
B A 9.9%
B ABBV 9.9%
B TMO 9.9%
C PKI 9.9%
A MTD 9.9%
C CTLT 9.9%
F TLRY 7.9%
D IIPR 4.8%
F ARNA 3.85%
F ACB 2.99%
D CGC 2.74%
C BRKR 1.97%
D APHA 1.61%
D CRON 0.51%
B CARA 0.5%
MJO Underweight 35 Positions Relative to PHO
Grade Symbol Weight
B ROP -8.36%
B AWK -8.33%
B DHR -8.2%
A XYL -8.06%
B ECL -7.8%
B AQUA -4.31%
B AOS -4.23%
A PNR -4.18%
B WTRG -4.16%
A IEX -4.15%
A WMS -3.82%
B TTC -3.7%
C TTEK -3.65%
B RXN -3.29%
B VMI -2.66%
D ITRI -2.48%
C WTS -1.85%
C SBS -1.57%
D BMI -1.56%
B AWR -1.33%
A CWT -1.09%
B LNN -1.05%
B FELE -1.05%
B MSEX -0.97%
C MWA -0.97%
A MLI -0.93%
B SJW -0.51%
A AEGN -0.47%
C ERII -0.4%
B GRC -0.17%
A YORW -0.15%
D NWPX -0.11%
D CWCO -0.1%
B ARTNA -0.09%
B GWRS -0.05%
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