NRGU
MicroSectors U.S. Big Oil 3 Leveraged ETN
$72.19
-1.26
(-1.71%)
AUM
$110.10M
Expense Ratio
0.95%
NAV
$73.40
Holdings
10
Asset Class
Equity
Inception
02/24/2025
Provider
REX Microsectors
Top Holdings
Fund Description
These senior, unsecured, medium-term notes, issued by Bank of Montreal, are designed to provide investors with a return equivalent to three times the daily performance of their underlying index, compounded daily. However, potential returns are reduced by an ongoing Daily Investor Fee, a Daily Financing Charge, and, if applicable, a Redemption Fee. The benchmark for these notes is an equally-weighted index comprising the ten U.S.-listed companies with the largest market capitalization within the energy and oil sector.