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About MicroSectors FANG ETNs due January 8, 2038
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Inception date
Nov 12, 2019
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%
FNGS is an ETN that provides exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), as well as 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 (ADRs are acceptable), classified in the technology or consumer discretionary sectors, and exhibit characteristics of high growth technology and internet/media companies along with meeting minimum market capitalization and liquidity requirements. At least ten stocks must be included in the index, the number of constituents when the note launched so investors can expect a high level of concentration. All holdings are equally weighted, and are rebalanced quarterly.
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
FNGS assets under management is 445.91 M USD. It's risen 11.48% over the last month.
FNGS fund flows account for 79.52 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, FNGS doesn't pay dividends to its holders.
FNGS shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Nov 12, 2019, and its management style is Passive.
FNGS expense ratio is 0.58% meaning you'd have to pay 0.58% of your investment to help manage the fund.
FNGS follows the NYSE FANG+ Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNGS price has risen by 14.39% over the last month, and its yearly performance shows a 30.56% increase. See more dynamics on FNGS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.74% over the last month, showed a 7.19% increase in three-month performance and has increased by 29.89% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.74% over the last month, showed a 7.19% increase in three-month performance and has increased by 29.89% in a year.
FNGS trades at a premium (0.30%) meaning the ETF is trading at a higher price than the calculated NAV.