NRGD
MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN
$19.71
+0.10
(+0.51%)
AUM
$25.11M
Expense Ratio
2.60%
NAV
$24.52
Asset Class
Equity
Inception
04/10/2019
Provider
REX Microsectors
Fund Description
The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.