FRLGLarge Cap Growth Index-Linked ETN
FRLG Fund Description
FRLG provides 2x leveraged exposure to an index of US large-cap growth stocks selected from the Russell 1000 Index. Leverage is reset quarterly.
FRLG Factset Analytics Insight
FRLG provides leveraged exposure to the Russell 1000 Growth Index (Total Return), an index of US large-cap growth stocks, selected using a multi-factor approach considering those with higher price-to-book ratios and higher forecasted growth values. Unlike most geared products, the note resets its leverage quarterly, or in the event of a 20% decline in the underlying index since the last reset date, rather than daily. While there are some benefits to this infrequent reset schedule, such as minimizing the effects of compounding and path dependency, it also means that the fund will most likely stray from its targeted 2X exposure between resets. FRLG is due on 2028 and backed by Goldman Sachs. These notes are unadvertised—lacking even a website—because they aren't intended for individual investors.
FRLG Portfolio Data
FRLG Index Data
FRLG Fund Structure
FRLG Tax Exposures
FRLG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FRLG. FRLG is rated a N/A out of 5.