OILT vs. NRGU ETF Comparison

Comparison of Texas Capital Texas Oil Index ETF (OILT) to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)

OILT

Texas Capital Texas Oil Index ETF

OILT Description

OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$26.29

Average Daily Volume

1,149

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

NRGU Description

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. 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. listed stocks with the largest market capitalization in the energy/oil sector.

Grade (RS Rating)

Last Trade

$451.52

Average Daily Volume

24,512

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	OILT	NRGU
30 Days	-5.66%	-21.17%
60 Days	-6.69%	-27.07%
90 Days	5.55%	-21.72%
12 Months		34.31%

6 Overlapping Holdings

	Symbol	Grade	Weight in OILT	Weight in NRGU	Overlap
	COP	D	6.42%	10.0%	6.42%
	CVX	D	4.7%	10.0%	4.7%
	DVN	D	4.57%	10.0%	4.57%
	EOG	D	5.59%	10.0%	5.59%
	OXY	D	7.06%	10.0%	7.06%
	XOM	D	13.29%	10.0%	10.0%

OILT Overweight 19 Positions Relative to NRGU

	Symbol	Grade	Weight
	FANG	D	7.51%
	APA	F	6.33%
	MRO	C	4.84%
	SM	C	4.51%
	OVV	D	4.4%
	PR	C	3.14%
	KMI	B	2.35%
	CRGY	C	2.1%
	BP	D	2.09%
	CRK	C	1.78%
	SBOW	C	1.72%
	CTRA	D	1.56%
	CHK	D	1.46%
	MGY	C	1.33%
	MUR	D	1.27%
	TTE	D	0.86%
	REI	F	0.74%
	REPX	D	0.61%
	MTDR	D	0.27%

OILT Underweight 4 Positions Relative to NRGU

	Symbol	Grade	Weight
	VLO	D	-10.0%
	PXD	B	-10.0%
	PSX	D	-10.0%
	MPC	D	-10.0%

OILT: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated Oil & Gas Midstream

Keywords: Natural Gas Natural Gas Liquids S&P 500 Crude Oil Petroleum Industry Petroleum Permian Basin Petroleum Products Liquefied Natural Gas Midstream Natural Gas Properties Oil And Gas Properties Abu Dhabi National Oil Company Anadarko Basin Bakken Carbon Dioxide Chemical Chesapeake Energy Commodity Petrochemicals Gas Exploration

NRGU: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Oil & Gas Integrated

Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Petroleum Crude Oil Midstream Petroleum Products Chemical Natural Gas Processing Plastic Refined Products Commodity Petrochemicals Liquefied Natural Gas Oil And Gas Properties Permian Basin Petrochemical Propane Sulfur Transports Crude Oil