Fund Description
The return on the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (-3X ETNs) is linked to a three times inverse leveraged participation the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse leveraged exposure to the Solactive MicroSectors U.S. Big Banks Index. The Solactive MicroSectors U.S. Big Banks Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. banks and financial services companies. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .
Fund Profile
Fund Name MicroSectors US Big Banks Index -3X Inverse Leveraged ETN
Fund Exchange Ticker BNKD
Fund Sponsor Bank of Montreal
Fund ISIN US0636796254
Net Expense Ratio 0.95 %
Fund Inception Date 3 April 2019
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 Solactive MicroSectors U.S. Big Banks Index
Index Provider Solactive AG
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 15 October 2021
Asset Under Management 4.37 Million (USD)
1 Month Total Return -19.98 %
Year To Date Return -75.35 %
1 Year Total Return -90.82 %
3 Year Annualized Total Return
NAV 9.70488
Share Outstanding 450,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting