FNGZ

Fund Description
The return on the MicroSectors FANG+ Index -2X Inverse Leveraged ETNs (ETNs) are linked to a two times inverse leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse levered exposure to the NYSE FANG+ Index. The NYSE FANG+ Index, an equal-dollar weighted index, was created by NYSE in 2017 to provide exposure to a group of highly-traded growth stocks of technology and tech-enabled companies. This includes the five core FANG stocks--Facebook, Apple, Amazon, Netflix and Alphabet s Google plus another five actively-traded technology growth stocks Alibaba, Baidu, NVIDIA, Tesla and Twitter. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .
Fund Profile
Fund Name MicroSectors FANG+ Index -2X Inverse Leveraged ETNs
Fund Exchange Ticker FNGZ
Fund Sponsor Bank of Montreal
Fund ISIN US0636798490
Net Expense Ratio 0.95 %
Fund Inception Date 1 August 2018
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name NYSE FANG+ Index
Index Provider NYSE
Currency Hedged No
Inverse / Leveraged Inverse (-2x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 21 August 2019
Asset Under Management 44.98 Million (USD)
1 Month Total Return 3.48 %
Year To Date Return -33.00 %
1 Year Total Return -5.13 %
3 Year Annualized Total Return
NAV 44.9816
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting