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About MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038
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Inception date
Aug 1, 2018
Structure
Exchange-Traded Note
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
No distributions
FNGO offers 2x leveraged exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Alphabet), 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 similar traits to other technology and internet companies. At least ten stocks must be included in the index so investors can expect a high level of concentration. All holdings in the index are equally weighted, and are rebalanced quarterly. As a geared product with daily resets of exposure, FNGO is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history