ETN overview
These financial instruments represent senior, unsecured, medium-term debt obligations issued by Bank of Montreal. Their returns are intricately tied to a daily-compounded, two-times leveraged exposure to the performance of an underlying index. This calculation, however, occurs after accounting for a daily investor fee, a daily financing charge, and a potential redemption fee, should one be incurred. The referenced index employs an equal-dollar weighting methodology and is specifically designed to reflect a concentrated segment of the technology and consumer discretionary sectors, comprising actively traded, high-growth equities from both traditional technology firms and businesses significantly enabled by technology.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 0.95%
- Fund assets
- 764.05M USD (all share classes)
- Issuer
- REX Microsectors
- Inception date
- Aug 6, 2018
Similar ETNs
- MicroSectors FANG+ 3 Leveraged ETNsFNGU · Expense ratio 0.95%
Historical returns do not guarantee future returns. This is not investment advice.

MicroSectors FANG+ Index 2X Leveraged ETNs (FNGO)
- Leverage
- 2x daily
- Expense ratio
- 0.95%
- Fund assets
- 764.05M USD (all share classes)
- Issuer
- REX Microsectors
- Inception date
- Aug 6, 2018
These financial instruments represent senior, unsecured, medium-term debt obligations issued by Bank of Montreal. Their returns are intricately tied to a daily-compounded, two-times leveraged exposure to the performance of an underlying index. This calculation, however, occurs after accounting for a daily investor fee, a daily financing charge, and a potential redemption fee, should one be incurred. The referenced index employs an equal-dollar weighting methodology and is specifically designed to reflect a concentrated segment of the technology and consumer discretionary sectors, comprising actively traded, high-growth equities from both traditional technology firms and businesses significantly enabled by technology.
- MicroSectors FANG+ 3 Leveraged ETNsFNGU · Expense ratio 0.95%
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