Key stats
About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
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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%
OILU is an aggressive and bullish one-day bet on 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, OILU 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
OILU assets under management is 29.24 M USD. It's risen 8.39% over the last month.
OILU 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, OILU doesn't pay dividends to its holders.
OILU 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.
OILU expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
OILU 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.
OILU price has risen by 0.67% over the last month, and its yearly performance shows a −51.75% decrease. See more dynamics on OILU price chart.
NAV returns, another gauge of an ETF dynamics, showed a −36.41% decrease in three-month performance and has decreased by −51.67% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −36.41% decrease in three-month performance and has decreased by −51.67% in a year.
OILU trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.