Microsectors FANG+ 3x Leveraged ETNs FNGU Strategy
Strategy
The investment seeks to provide three times leveraged participation in the gross total return version of the NYSE FANG+® Index. The index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNGU | Microsectors FANG+ 3x Leveraged ETNs | ETF | Open | — | — | $1.92B | 0.350% | — | — | — |