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About Bank Of Montreal MicroSectors U.S. Big Oil -3 Inverse Leveraged ETNs due February 17, 2045
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Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Dividend treatment
Capitalizes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
NRGD is a leveraged take on US Oil and Gas industry and tracks three times the inverse of its underlying index. The index selects the 10 most liquid stocks from the Solactive GBS United States Large & Mid Cap Index, screened for market cap and liquidity. Specifically, those with above USD 1 billion free-float market cap and those with minimum of 1-month and 6-month ADTV above USD 25 million are included. The index is weighted equally and TRBC Oil & Gas Industry classification is used. It’s worth noting that the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. NRGD is essentially a relaunch of an old ETN that was available from April 9, 2019, to July 24, 2024, with the same ticker and exposure.
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
NRGD assets under management is 4.34 M USD. It's fallen 8.42% over the last month.
NRGD 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, NRGD doesn't pay dividends to its holders.
NRGD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 19, 2025, and its management style is Passive.
NRGD expense ratio is 2.60% meaning you'd have to pay 2.60% of your investment to help manage the fund.
NRGD follows the Solactive MicroSectors U.S. Big Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NRGD trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.