CARD — MAX Auto Industry -3x Inverse Leveraged ETN
MAX Auto Industry -3x Inverse Leveraged ETN (ticker: CARD) is a equity ETF issued by BMO Financial Group tracking Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on 2023-06-27.
About CARD
CARD is an inverse leveraged exchange-traded note (ETN) that seeks to provide -3x the daily performance of the Prime Auto Industry Index - Benchmark TR Net. This ETN is designed for investors who anticipate a decline in the U.S. automobile manufacturers sector. As an inverse leveraged product, it aims to deliver amplified returns in falling markets or amplified losses in rising markets.
This ETN is issued by BMO Financial Group and was incepted on June 27, 2023. It aims for a daily investment objective and is generally not intended for long-term holding. Investors primarily consider CARD for short-term tactical exposure to the automotive sector.
- Provides -3x inverse leveraged exposure to the U.S. automobile manufacturers sector.
- Tracks the Prime Auto Industry Index - Benchmark TR Net.
- Has an expense ratio of 0.95%.
- Suitable for investors seeking to profit from a decline in the automotive industry.
- Identified as 'Inverse Equities' in the 'Automotive' sector.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -4.71% |
| 1 Week | 4.53% |
| 1 Month | -3.42% |
| 3 Months | -19.00% |
| 6 Months | 2.57% |
| YTD | -2.23% |
| 1 Year | -39.12% |
| 3 Years | — |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | NA | NA | — |
| 2 | NA | NA | — |
| 3 | NA | NA | — |
| 4 | NA | NA | — |
| 5 | NA | NA | — |
| 6 | NA | NA | — |
| 7 | NA | NA | — |
| 8 | NA | NA | — |
| 9 | NA | NA | — |
| 10 | NA | NA | — |
Fund Profile
| Issuer | BMO Financial Group |
|---|---|
| Brand | Max |
| Asset Class | equity |
| Strategy | Vanilla |
| Structure | ETN |
| Category | Inverse Equities |
| Segment | Inverse Equity: U.S. Automobile Manufacturers |
| Sector | Automotive |
| Region | North America |
| Index Tracked | Prime Auto Industry Index - Benchmark TR Net (--300%) |
| Inception Date | 2023-06-27 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | CARD |
|---|---|
| Full Name | MAX Auto Industry -3x Inverse Leveraged ETN |
| Issuer | BMO Financial Group |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $1.58M |
| Inception | 2023-06-27 |
| Index Tracked | Prime Auto Industry Index - Benchmark TR Net (--300%) |
Frequently Asked Questions
What does CARD track?
CARD (MAX Auto Industry -3x Inverse Leveraged ETN) tracks Prime Auto Industry Index - Benchmark TR Net (--300%), a equity benchmark.
What is the expense ratio of CARD?
CARD has an expense ratio of 0.01% per year.
What is the AUM of CARD?
CARD has approximately $1.58M in assets under management.
Does CARD pay a dividend?
CARD distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues CARD?
CARD is issued by BMO Financial Group under the Max brand, launched on 2023-06-27.
Open the interactive CARD dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.