Fund Description
The return on the MicroSectors FANG+ Index Inverse ETNs (ETNs) are linked to inverse exposure in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse exposure to the NYSE FANG+ Index. The NYSE FANG+ Index, an equal-dollar weighted index, was created by NYSE in 2017 to provide exposure to a group of highly-traded growth stocks of technology and tech-enabled companies. This includes the five core FANG stocks--Facebook, Apple, Amazon, Netflix and Alphabet s Google plus another five actively-traded technology growth stocks Alibaba, Baidu, NVIDIA, Tesla and Twitter. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .
Fund Profile
Fund Name MicroSectors FANG+ Index Inverse ETN
Fund Exchange Ticker GNAF
Fund Sponsor Bank of Montreal
Fund ISIN US0636798318
Net Expense Ratio 0.95 %
Fund Inception Date 1 August 2018
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 NYSE FANG+ Index
Index Provider NYSE
Currency Hedged No
Inverse / Leveraged Inverse (-1)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 15 October 2021
Asset Under Management 13.30 Million (USD)
1 Month Total Return -1.16 %
Year To Date Return -20.13 %
1 Year Total Return -30.11 %
3 Year Annualized Total Return -36.80 %
NAV 13.2984
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting