FNGZ

MicroSectors FANG+ Index -2x Inverse Leveraged ETN
*Unless otherwise stated, data provided by FactSet.

FNGZ Fund Description

FNGZ provides the inverse of 2x the daily price movements of an index of US-listed technology and consumer discretionary companies. The index is highly concentrated and equally weighted.

FNGZ Factset Analytics Insight

FNGZ offers 2x inverse exposure to an index of “FANG” companies (Facebook, Apple, Amazon, Netflix, and Alphabet [formerly Google]), as well as other companies that exhibit similar characteristics. Presumably, the index will always include these five companies; an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (ADRs are acceptable), classified in the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index—the number of constituents when the note launched—so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets, FNGZ is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding. Although FNGZ’s fee may seem high, trading costs should be the greater concern for short-term positions.

FNGZ CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 06/13/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNGZ 16.04% 7.62% -23.87% -- -- -- --
FNGZ (NAV) 6.25% 9.23% -23.67% -- -- -- --
NYSE FANG+ Index -3.90% -5.87% 10.22% -17.18% 28.49% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FNGZ Summary Data

08/01/18
Exchange-Traded Note
0.95%
$51.09M
0.10%

FNGZ Portfolio Data

--
N/A

FNGZ Index Data

NYSE FANG+ Index
Equal
Committee
N/A

FNGZ Fund Structure

Yes
--
N/A / N/A
BMO
N/A
Low
-2
Daily

FNGZ Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FNGZ Factset Analytics Block Liquidity

As of 06/14/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FNGZ. FNGZ is rated a N/A out of 5.

FNGZ Tradability

6,253
$307.77K
5,128
$237.67K
0.10%
$0.05
0.10%
15.16% / -9.19%
None
100.00%
25,000
0.21
0.00%
--
--
$50.81
N/A