FNGO — MicroSectors FANG+ Index 2X Leveraged ETNs
MicroSectors FANG+ Index 2X Leveraged ETNs (ticker: FNGO) is a equity ETF issued by BMO Financial Group tracking NYSE FANG+ Index (-200%). It was launched on 2018-08-01.
About FNGO
FNGO is an exchange-traded note (ETN) that seeks to provide 2x leveraged exposure to the NYSE FANG+ Index. The fund's strategy is to replicate the performance of the index at a 200% leveraged rate. The index tracks a selection of highly-traded technology and technology-enabled companies. This ETN is structured as a debt instrument issued by BMO Financial Group. Investors should consider FNGO for leveraged exposure to big technology companies in the U.S. equity market. Due to its leveraged nature, it is typically used by investors with a high-risk tolerance for short-term tactical allocations. FNGO holds 1 security. Investors should be aware that, as an ETN, it carries issuer credit risk in addition to market risk.
- Tracks the NYSE FANG+ Index with 2x leveraged exposure.
- Provides amplified returns (and losses) to a basket of U.S. big tech companies.
- Categorized as a leveraged equity ETN focusing on U.S. Big Tech.
- An ETN that incurs credit risk of the issuer, BMO Financial Group.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 2.55% |
| 1 Week | -14.93% |
| 1 Month | -1.56% |
| 3 Months | 30.52% |
| 6 Months | 2.77% |
| YTD | 13.62% |
| 1 Year | 33.20% |
| 3 Years | 275.66% |
| 5 Years | 230.79% |
| 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 | REX Microsectors |
| Asset Class | equity |
| Strategy | Equal |
| Structure | ETN |
| Category | Leveraged Equities |
| Segment | Leveraged Equity: U.S. Big Tech |
| Sector | Broad |
| Region | North America |
| Index Tracked | NYSE FANG+ Index (-200%) |
| Inception Date | 2018-08-01 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | FNGO |
|---|---|
| Full Name | MicroSectors FANG+ Index 2X Leveraged ETNs |
| Issuer | BMO Financial Group |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $719.41M |
| Inception | 2018-08-01 |
| Index Tracked | NYSE FANG+ Index (-200%) |
Frequently Asked Questions
What does FNGO track?
FNGO (MicroSectors FANG+ Index 2X Leveraged ETNs) tracks NYSE FANG+ Index (-200%), a equity benchmark.
What is the expense ratio of FNGO?
FNGO has an expense ratio of 0.01% per year.
What is the AUM of FNGO?
FNGO has approximately $719.41M in assets under management.
Does FNGO pay a dividend?
FNGO distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues FNGO?
FNGO is issued by BMO Financial Group under the REX Microsectors brand, launched on 2018-08-01.
Open the interactive FNGO dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.