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About MicroSectors FANG & Innovation 3x Leveraged ETN
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Inception date
Aug 17, 2021
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
BULZ provides daily 3x exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight “core components” (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged product with 3x factor that resets daily, BULZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BULZ assets under management is 1.18 B USD. It's risen 37.86% over the last month.
BULZ fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BULZ doesn't pay dividends to its holders.
BULZ shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Aug 17, 2021, and its management style is Passive.
BULZ expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
BULZ follows the Solactive FANG Innovation Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BULZ price has risen by 44.69% over the last month, and its yearly performance shows a 3.65% increase. See more dynamics on BULZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 37.65% over the last month, showed a −2.69% decrease in three-month performance and has decreased by −1.67% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 37.65% over the last month, showed a −2.69% decrease in three-month performance and has decreased by −1.67% in a year.
BULZ trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.