Skip to content
Beacon

BNKUMicroSectors™ U.S. Big Banks 3x Leveraged ETNs

Take a bet1y track recordRanked #147 of 949 in this goal

The Fund seeks to provide 3X leveraged exposure to U.S. big banks.

By BMO Capital Markets · Launched 2025

Annual Cost

0.35%

#1,651 of 5,861 · low cost

Fund Size

$40M

#3,862 of 5,861 · mid-size

Return (1Y)Goal

+76.8%

Track Record

1 year

#4,095 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$18,367+83.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Financials

Index tracked

Solactive MicroSectors US Big Banks Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

PNC Financial Services Group IncPNC
10.6%
U.S. BancorpUSB
10.6%
Bank of America CorpBAC
10.2%
Wells Fargo & CoWFC
10.1%
JPMorgan Chase & CoJPM
10.0%
Charles Schwab CorpSCHW
9.9%
Bank of New York Mellon CorpBNY
9.9%
Citigroup IncC
9.9%
Morgan StanleyMS
9.4%
The Goldman Sachs Group IncGS
9.3%

Asset allocation

Stocks
100.0%

By sector

Financial Services
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
59.8%High

Year-on-year price swings

Max drawdown
-91.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.67Decent risk-adjusted returns
Sortino (3Y)
0.90Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
The Fund seeks to provide 3X leveraged exposure to U.S. big banks.
Strategy
Invests in an equally-weighted index of 10 large U.S. banks, providing 3X leveraged exposure. The index includes dividends in its total return calculation and is published by Solactive AG.
Inception date
February 20, 2025
Fund family
BMO Capital Markets

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've looked at BNKU. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04