Bank Of Montreal MicroSectors U.S. Big Oil 3 Leveraged ETNs due February 17, 2045
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About Bank Of Montreal MicroSectors U.S. Big Oil 3 Leveraged ETNs due February 17, 2045
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Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
NRGU is a leveraged take on US Oil and Gas industry and tracks three times its underlying index - Solactive MicroSectors U.S. Big Oil Index. The index selects the 10 most liquid stocks from the Solactive GBS United States Large & Mid Cap Index, screened for market cap and liquidity. Specifically, those with above USD 1 billion free-float market cap and those with minimum of 1-month and 6-month ADTV above USD 25 million are included. The index is weighted equally and TRBC Oil & Gas Industry classification is used. Its worth noting that the product isnt designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history