Key stats
About MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN
Home page
Inception date
Nov 8, 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%
OILD makes a big and bearish one-day bet against a concentrated portfolio of US companies in the oil and gas exploration and production industry. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by average daily value traded. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILD is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
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
OILD assets under management is 12.82 M USD. It's fallen 6.95% over the last month.
OILD 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, OILD doesn't pay dividends to its holders.
OILD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Nov 8, 2021, and its management style is Passive.
OILD expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
OILD follows the Solactive MicroSectors Oil & Gas Exploration & Production Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OILD price has fallen by −13.17% over the last month, and its yearly performance shows a −26.67% decrease. See more dynamics on OILD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −14.93% over the last month, showed a −19.47% decrease in three-month performance and has decreased by −25.61% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −14.93% over the last month, showed a −19.47% decrease in three-month performance and has decreased by −25.61% in a year.
OILD trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.