RSPC vs. FNGS ETF Comparison

Comparison of Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) to MicroSectors FANG ETNs due January 8, 2038 (FNGS)

RSPC

Invesco S&P 500 Equal Weight Communication Services ETF

RSPC Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Communication Services Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the communication services sector, as defined according to the Global Industry Classification Standard (GICS). It is non-diversified.

Grade (RS Rating)

Last Trade

$35.40

Average Daily Volume

10,611

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

FNGS

MicroSectors FANG ETNs due January 8, 2038

FNGS Description

The investment seeks to link the return to the performance of the gross total return version of the NYSE® FANG+™ Index. 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. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

147,087

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	RSPC	FNGS
30 Days	8.39%	6.44%
60 Days	10.17%	8.51%
90 Days	12.16%	10.61%
12 Months	27.06%	49.21%

3 Overlapping Holdings

	Symbol	Grade	Weight in RSPC	Weight in FNGS	Overlap
	GOOGL	C	2.53%	9.83%	2.53%
	META	D	4.45%	10.02%	4.45%
	NFLX	A	5.24%	9.75%	5.24%

RSPC Overweight 22 Positions Relative to FNGS

	Symbol	Grade	Weight
	LYV	A	5.71%
	DIS	B	5.21%
	TTWO	A	5.04%
	WBD	C	4.84%
	TMUS	B	4.8%
	TKO	B	4.76%
	EA	A	4.73%
	CHTR	C	4.73%
	CMCSA	B	4.49%
	T	A	4.36%
	PARA	C	4.14%
	OMC	C	4.09%
	NYT	C	4.01%
	FYBR	D	3.94%
	VZ	C	3.93%
	IPG	D	3.8%
	MTCH	D	3.59%
	NWSA	B	3.51%
	FOXA	B	3.08%
	GOOG	C	2.09%
	FOX	A	1.72%
	NWS	B	1.13%

RSPC Underweight 7 Positions Relative to FNGS

	Symbol	Grade	Weight
	CRWD	B	-10.78%
	AVGO	D	-10.17%
	NOW	A	-10.11%
	AAPL	C	-9.93%
	AMZN	C	-9.87%
	NVDA	C	-9.83%
	MSFT	F	-9.7%

RSPC: Top Represented Industries & Keywords

Industries: Broadcasting - TV Internet Content & Information Media - Diversified Telecom Services Advertising Agencies Electronic Gaming & Multimedia Entertainment Pay TV Publishing

Keywords: S&P 500 Nasdaq 100 Broadband Telecommunications Television Broadcast Television Computing Games Internet Access Mobile Devices News Corp Smartphones Television Network Television Stations Advertising Services Cable Network Cable TV Cable Television High Speed Internet Hyperscale

FNGS: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Software - Infrastructure Consumer Electronics Media - Diversified Software - Application Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Work From Home Dow Jones Component Hyperscale Mobile Devices Smartphones IBD 50 Operating System Software Consumer Electronics Deep Learning Fabless Semiconductor Companies Laptop Computer Online Retail Search Engine Software Development Streaming Services Subscription Services