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BULZMicroSectors Solactive FANG Innovation 3X Leveraged ETNs

Take a bet4y track recordRanked #46 of 949 in this goal

Seeks to provide returns linked to the Solactive FANG Innovation Index with 3X leverage.

By BMO Capital Markets · Launched 2021

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$3.4B

#557 of 5,861 · large

Return (1Y)Goal

+55.7%

Track Record

4 years

#2,388 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$17,416+74.2%

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

Index tracked

Solactive FANG Innovation Index

What it actually holds

By weight

Concentration

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

Amazon.com IncAMZN
7.1%
Tesla IncTSLA
7.0%
Netflix IncNFLX
7.0%
Alphabet Inc Class AGOOGL
7.0%
Microsoft CorpMSFT
6.9%
Meta Platforms Inc Class AMETA
6.9%
Advanced Micro Devices IncAMD
6.8%
Palantir Technologies Inc Ordinary Shares - Class APLTR
6.7%
Broadcom IncAVGO
6.6%
Apple IncAAPL
6.6%

Asset allocation

Stocks
100.0%

By sector

Technology
65.0%
Communication
20.9%
Consumer Cyclical
14.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
85.7%High

Year-on-year price swings

Max drawdown
-94.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.91Decent risk-adjusted returns
Sortino (3Y)
1.32Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide returns linked to the Solactive FANG Innovation Index with 3X leverage.
Strategy
Offers 3X leveraged exposure to the Solactive FANG Innovation Index, which includes large, tech-enabled companies listed in the U.S. The index is composed of 15 highly liquid stocks focused on building tomorrow's technology today.
Inception date
August 17, 2021
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

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Data updated on 2026-08-04