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About MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038
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Inception date
Jan 22, 2018
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%
FNGD offers -3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs are acceptable), classified in either the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGD is designed as short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding.
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
FNGD assets under management is 93.09 M USD. It's fallen 28.50% over the last month.
FNGD fund flows account for 92.11 M 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, FNGD doesn't pay dividends to its holders.
FNGD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Jan 22, 2018, and its management style is Passive.
FNGD expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
FNGD follows the NYSE FANG+ Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNGD price has fallen by −30.16% over the last month, and its yearly performance shows a −74.18% decrease. See more dynamics on FNGD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −28.44% over the last month, showed a −53.65% decrease in three-month performance and has decreased by −74.32% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −28.44% over the last month, showed a −53.65% decrease in three-month performance and has decreased by −74.32% in a year.
FNGD trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.