ETN overview
The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB.
Fund facts
- Leverage
- 3x daily
- Expense ratio
- 0.95%
- Fund assets
- 2.55B USD (all share classes)
- Issuer
- REX Microsectors
- Inception date
- Feb 24, 2025
Similar ETNs
- MicroSectors FANG+ Index 2X Leveraged ETNsFNGO · Expense ratio 0.95%
Historical returns do not guarantee future returns. This is not investment advice.
- Leverage
- 3x daily
- Expense ratio
- 0.95%
- Fund assets
- 2.55B USD (all share classes)
- Issuer
- REX Microsectors
- Inception date
- Feb 24, 2025
The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB.
- MicroSectors FANG+ Index 2X Leveraged ETNsFNGO · Expense ratio 0.95%
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