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About MicroSectors FANG+ Index 2X Leveraged ETNs
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Inception date
Aug 1, 2018
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%
ISIN
US0636798565
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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FNGO assets under management is 649.03 M USD. It's risen 16.23% over the last month.
FNGO 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, FNGO doesn't pay dividends to its holders.
FNGO shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Aug 1, 2018, and its management style is Passive.
FNGO expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
FNGO follows the NYSE FANG+ Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNGO price has risen by 18.98% over the last month, and its yearly performance shows a 74.81% increase. See more dynamics on FNGO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 12.98% over the last month, showed a 24.14% increase in three-month performance and has increased by 74.82% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 12.98% over the last month, showed a 24.14% increase in three-month performance and has increased by 74.82% in a year.
FNGO trades at a premium (0.48%) meaning the ETF is trading at a higher price than the calculated NAV.