FRLG

Large Cap Growth Index-Linked ETN
*Unless otherwise stated, data provided by FactSet.

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 an index of US large-cap growth stocks. 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. In addition to management fees, investors pay a reset fee during every quarterly leverage reset and a daily financing fee that is tied to the 2-month USD LIBOR, so all-in costs could add up quickly. The note is due in 2028 and backed by Goldman Sachs. FRLG’s exposure is functionally identical to that of FLGE and FBGX, which are backed by Credit Suisse and UBS, respectively.

FRLG 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 08/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FRLG 1.20% 12.97% -- -- -- -- --
FRLG (NAV) -- -- -- -- -- -- --
Russell 1000 Growth Index 0.71% 6.90% 12.88% 26.60% 15.65% 16.65% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FRLG Summary Data

03/29/18
Exchange-Traded Note
1.46%
--
0.55%

FRLG Portfolio Data

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N/A

FRLG Index Data

Multi-Factor
Multi-Factor
N/A

FRLG Fund Structure

No
--
N/A / N/A
Goldman Sachs & Co
Low
Low
2
Quarterly

FRLG Tax Exposures

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

FRLG Factset Analytics Block Liquidity

As of 08/20/18
5
4
3
2
1

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.

FRLG Tradability

28,720
$3.28M
16,973
$1.93M
0.55%
$0.66
--
-- / --
None
--
5,000
3.39
0.00%
--
--
--
N/A