RATE vs. BNKD ETF Comparison

Comparison of Global X Interest Rate Hedge ETF (RATE) to MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD)

RATE

Global X Interest Rate Hedge ETF

RATE Description

The fund is an actively managed exchange traded fund that seeks to achieve its investment objective primarily by investing in (1) long put options position(s) on exchange traded funds that primarily invest in U.S. Treasuries and/or long put options position(s) on U.S. Treasury futures, and/or (2) long interest rate payer swap options ("swaptions"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.05

Average Daily Volume

2,036

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

BNKD

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

BNKD Description

The investment seeks to provide a leveraged inverse return based on 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 inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest 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

$22.83

Average Daily Volume

82,816

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	RATE	BNKD
30 Days	6.48%	-4.48%
60 Days	8.44%	-17.13%
90 Days	13.23%	-28.32%
12 Months	22.38%	-72.53%

0 Overlapping Holdings

	Symbol	Grade	Weight in RATE	Weight in BNKD	Overlap

RATE Overweight 1 Positions Relative to BNKD

	Symbol	Grade	Weight
	CLIP	A	88.82%

RATE Underweight 10 Positions Relative to BNKD

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

RATE: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Mortgage Backed Security Securitization U.S. Treasury Wagering

BNKD: Top Represented Industries & Keywords

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

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services