MicroSectors FANG & Innovation -3x Inverse Leveraged ETNMicroSectors FANG & Innovation -3x Inverse Leveraged ETNMicroSectors FANG & Innovation -3x Inverse Leveraged ETN

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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Key stats


Assets under management (AUM)
‪10.19 M‬USD
Fund flows (1Y)
‪12.40 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
3.6%

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN


Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Inception date
Aug 17, 2021
Index tracked
Solactive FANG Innovation Index
Management style
Passive
BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap. The 30 largest companies are selected and then sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows