JETU — MAX Airlines 3X Leveraged ETNs
MAX Airlines 3X Leveraged ETNs (ticker: JETU) is a equity ETF issued by BMO Financial Group tracking Prime Airlines Index - Benchmark TR Net. It was launched on 2023-06-20.
About JETU
JETU is an Exchange Traded Note (ETN) that seeks to provide 3x leveraged exposure to the Prime Airlines Index - Benchmark TR Net. The ETN was launched on June 20, 2023, and is issued by BMO Financial Group.
This product is designed for investors who seek magnified returns from the U.S. Airlines sector and are comfortable with the increased risk associated with leveraged investments. It holds 1 underlying security.
- Seeks to provide 3x leveraged exposure to the Prime Airlines Index - Benchmark TR Net.
- Categorized under Leveraged Equity: U.S. Transportation, focusing on the Airlines sector.
- Has an expense ratio of 0.95% and AUM of $5M.
- Launched on June 20, 2023, and issued by BMO Financial Group.
- Intended for investors seeking leveraged exposure to the US airline industry.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -2.66% |
| 1 Week | -10.27% |
| 1 Month | 3.47% |
| 3 Months | 2.88% |
| 6 Months | 12.08% |
| YTD | -1.55% |
| 1 Year | 37.09% |
| 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 | Sector |
| Segment | Leveraged Equity: U.S. Transportation |
| Sector | Airlines |
| Region | North America |
| Index Tracked | Prime Airlines Index - Benchmark TR Net |
| Inception Date | 2023-06-20 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | JETU |
|---|---|
| Full Name | MAX Airlines 3X Leveraged ETNs |
| Issuer | BMO Financial Group |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $4.63M |
| Inception | 2023-06-20 |
| Index Tracked | Prime Airlines Index - Benchmark TR Net |
Frequently Asked Questions
What does JETU track?
JETU (MAX Airlines 3X Leveraged ETNs) tracks Prime Airlines Index - Benchmark TR Net, a equity benchmark.
What is the expense ratio of JETU?
JETU has an expense ratio of 0.01% per year.
What is the AUM of JETU?
JETU has approximately $4.63M in assets under management.
Does JETU pay a dividend?
JETU distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues JETU?
JETU is issued by BMO Financial Group under the Max brand, launched on 2023-06-20.
Open the interactive JETU dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.