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About 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
Dividend treatment
Capitalizes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Identifiers
3
ISIN US0636794275
NRGU is a leveraged take on the US Oil and Gas industry and tracks three times its underlying index. The index selects the 10 largest stocks, by free-float market-cap, from the Solactive GBS United States Large & Mid Cap Index, screened for 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. NRGU is essentially a relaunch of an old ETN that was available from April 9, 2019, to July 24, 2024, with the same ticker and exposure.
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
NRGU assets under management is 44.65 M USD. It's risen 48.70% over the last month.
NRGU fund flows account for 23.03 M 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, NRGU doesn't pay dividends to its holders.
NRGU shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 19, 2025, and its management style is Passive.
NRGU expense ratio is 2.60% meaning you'd have to pay 2.60% of your investment to help manage the fund.
NRGU follows the Solactive MicroSectors U.S. Big Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NRGU price has risen by 39.86% over the last month, and its yearly performance shows a 14.64% increase. See more dynamics on NRGU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 39.75% over the last month, showed a 37.12% increase in three-month performance and has increased by 57.59% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 39.75% over the last month, showed a 37.12% increase in three-month performance and has increased by 57.59% in a year.
NRGU trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.