JETD — MAX Airlines -3X Inverse Leveraged ETNs
MAX Airlines -3X Inverse Leveraged ETNs (ticker: JETD) is a equity ETF issued by BMO Financial Group tracking Prime Airlines Index - Benchmark TR Net (--300%). It was launched on 2023-06-21.
About JETD
JETD is an exchange-traded note (ETN) that seeks to provide -3x inverse leveraged exposure to the performance of the Prime Airlines Index. The ETN was incepted on June 21, 2023, and is issued by BMO Financial Group.
This ETN is intended for investors who wish to express a bearish view on the U.S. airline sector over a short-term horizon, magnified by a 3x leverage factor. It is structured as an ETN, which carries issuer credit risk.
- Provides -3x inverse leveraged exposure to the Prime Airlines Index.
- Focuses on the U.S. Airlines sector.
- Incepted on June 21, 2023, with an expense ratio of 0.95%.
- Average daily volume is 224,589.4.
- Managed with a vanilla strategy.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 6.89% |
| 1 Week | 14.57% |
| 1 Month | -19.72% |
| 3 Months | -9.41% |
| 6 Months | -38.78% |
| YTD | -28.36% |
| 1 Year | -63.32% |
| 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. Transportation |
| Sector | Airlines |
| Region | North America |
| Index Tracked | Prime Airlines Index - Benchmark TR Net (--300%) |
| Inception Date | 2023-06-21 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | JETD |
|---|---|
| Full Name | MAX Airlines -3X Inverse Leveraged ETNs |
| Issuer | BMO Financial Group |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $4.60M |
| Inception | 2023-06-21 |
| Index Tracked | Prime Airlines Index - Benchmark TR Net (--300%) |
Frequently Asked Questions
What does JETD track?
JETD (MAX Airlines -3X Inverse Leveraged ETNs) tracks Prime Airlines Index - Benchmark TR Net (--300%), a equity benchmark.
What is the expense ratio of JETD?
JETD has an expense ratio of 0.01% per year.
What is the AUM of JETD?
JETD has approximately $4.60M in assets under management.
Does JETD pay a dividend?
JETD distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues JETD?
JETD is issued by BMO Financial Group under the Max brand, launched on 2023-06-21.
Open the interactive JETD dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.