SUPP vs. NRGD ETF Comparison

Comparison of Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF (SUPP) to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD)

SUPP

Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF

SUPP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, ADR securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.76

Average Daily Volume

1,070

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

NRGD

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

NRGD Description

The investment seeks to reflect a 3x inverse leveraged 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 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. listed stocks with the largest market capitalization in the energy/oil sector.

Grade (RS Rating)

Last Trade

$154.93

Average Daily Volume

40,207

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	SUPP	NRGD
30 Days	-2.79%	23.93%
60 Days	-1.69%	-17.87%
90 Days	5.24%	-27.38%
12 Months	31.50%	-57.21%

0 Overlapping Holdings

	Symbol	Grade	Weight in SUPP	Weight in NRGD	Overlap

SUPP Overweight 10 Positions Relative to NRGD

	Symbol	Grade	Weight
	MLM	D	9.08%
	WCN	D	7.94%
	WSC	F	6.98%
	WM	A	6.87%
	LRCX	D	6.01%
	TSM	C	5.73%
	NSC	D	4.95%
	TDG	A	4.82%
	FERG	B	4.68%
	VMC	C	4.58%

SUPP Underweight 10 Positions Relative to NRGD

	Symbol	Grade	Weight
	XOM	B	-10.0%
	VLO	D	-10.0%
	PXD	B	-10.0%
	PSX	D	-10.0%
	OXY	B	-10.0%
	MPC	D	-10.0%
	EOG	B	-10.0%
	DVN	B	-10.0%
	CVX	B	-10.0%
	COP	C	-10.0%

SUPP: Top Represented Industries & Keywords

Industries: Building Materials Waste Management Aerospace & Defense Industrial Distribution Railroads Rental & Leasing Services Semiconductor Equipment & Materials Semiconductors

Keywords: S&P 500 Plastic Waste Management Building Materials Cement Chemical Chemical Product Collection Services Disposal Services Gravel Integrated Circuits Landfill Municipal Solid Waste Recycling Semiconductor Device Fabrication Semiconductor Devices Sustainability And Environmental Management Transfer Station Waste Waste Services

NRGD: 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