BNKU – MicroSectors U.S. Big Bks 3x Lvrgd ETNs – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide three times leveraged participation in the gross total return version of the Solactive MicroSectors™ U.S. Big Banks Index. The ETNs are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Financing Charge, the Daily Investor Fee and, if applicable, the Redemption Fee Amount.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BNKU	Microsectors U.S. Big Banks 3x Leveraged ETNs	ETF	Open	—	—	Feb 20, 2025	$32.22M	0.350%	—	—	$13.33M

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