GNAF

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

GNAF Fund Description

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

GNAF Factset Analytics Insight

GNAF offers 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, GNAF 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 GNAF’s fee may seem high, trading costs should be the greater concern for short-term positions.

GNAF Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/08/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GNAF -10.86% -11.05% -24.34% -17.06% -- -- --
GNAF (NAV) -11.05% -11.01% -24.06% -12.84% -- -- --
NYSE FANG+ Index 12.10% 11.09% 26.86% 8.36% 27.40% 24.11% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GNAF Summary Data

BMO
08/01/18
Exchange-Traded Note
0.95%
$45.09M
0.10%

GNAF Portfolio Data

--
N/A

GNAF Index Data

NYSE FANG+ Index
Equal
Committee
N/A

GNAF Fund Structure

Yes
--
N/A / N/A
BMO
N/A
Low
-1
Daily

GNAF Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

GNAF Factset Analytics Block Liquidity

As of 11/11/19
5
4
3
2
1

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

GNAF Tradability

667
$35.14K
200
$12.21K
0.10%
$0.05
0.00%
5.18% / -7.25%
None
100.00%
25,000
0.01
0.00%
--
0
$44.88
N/A