FNGDMicroSectors FANG+ Index -3X Inverse Leveraged ETN
Seeks to reflect a 3x leveraged short exposure to the performance of the relevant index.
By BMO Capital Markets · Launched 2018
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$53M
#3,703 of 6,040 · mid-size
Return (1Y)
-47.9%
Track Record
8 years
#1,682 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$5,309-46.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Palantir Technologies Inc Ordinary Shares - Class APLTR
13.1%
Microsoft CorpMSFT
12.4%
Amazon.com IncAMZN
10.3%
Apple IncAAPL
9.9%
NVIDIA CorpNVDA
9.7%
Netflix IncNFLX
9.7%
Meta Platforms Inc Class AMETA
9.3%
Alphabet Inc Class AGOOGL
8.7%
Broadcom IncAVGO
8.6%
Micron Technology IncMU
8.2%
Asset allocation
Stocks
100.0%
By sector
Technology
61.9%
Communication
27.8%
Consumer Cyclical
10.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
67.7%High
Year-on-year price swings
Max drawdown
-100.0%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-1.18Below average
Sortino (3Y)
-1.58Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to reflect a 3x leveraged short exposure to the performance of the relevant index.
- Strategy
- Designed to provide daily trading tools for sophisticated investors, reflecting 3x inverse exposure to the relevant index's performance before fees and charges.
- Inception date
- January 22, 2018
- Fund family
- BMO Capital Markets
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Data updated on 2026-09-18