VEGI vs. NRGU ETF Comparison

Comparison of iShares MSCI Agriculture Producers Fund (VEGI) to MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)

VEGI

iShares MSCI Agriculture Producers Fund

VEGI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Agriculture Producers Investable Market Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities of companies primarily engaged in the business of agriculture in both developed and emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.78

Average Daily Volume

16,159

Number of Holdings ^*

21

* 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

$562.53

Average Daily Volume

30,045

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	VEGI	NRGU
30 Days	-1.67%	-19.46%
60 Days	2.30%	16.48%
90 Days	4.96%	26.41%
12 Months	-2.76%	68.51%

0 Overlapping Holdings

	Symbol	Grade	Weight in VEGI	Weight in NRGU	Overlap

VEGI Overweight 21 Positions Relative to NRGU

	Symbol	Grade	Weight
	DE	B	22.46%
	CTVA	A	8.57%
	ADM	C	6.75%
	BG	B	3.14%
	CF	F	3.01%
	LW	F	2.6%
	CNHI	D	2.49%
	MOS	F	1.98%
	TTC	D	1.95%
	FMC	C	1.61%
	INGR	A	1.6%
	AGCO	D	1.5%
	DAR	D	1.45%
	SMG	C	0.62%
	CALM	D	0.51%
	ALG	D	0.45%
	PPC	A	0.36%
	LNN	C	0.28%
	FDP	D	0.21%
	VITL	A	0.16%
	TWI	F	0.12%

VEGI Underweight 10 Positions Relative to NRGU

	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%

VEGI: Top Represented Industries & Keywords

Industries: Farm & Construction Equipment Agricultural Inputs Farm Products Packaged Foods Tools & Accessories Waste Management

Keywords: S&P 500 Agriculture Loader Animal Feed Backhoe Construction Equipment Cotton Crops Foods Irrigation Mower Soybean Sugarcane Tractor Energy Crops Engineering Vehicles Fertilizer Forage Equipment Forestry Intensive Farming

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