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FNGOMicroSectors FANG+ Index 2X Leveraged ETN

Take a bet8y track recordRanked #229 of 949 in this goal

Seeks daily investment results based on the NYSE FANG+ Index performance.

By BMO Capital Markets · Launched 2018

Annual Cost

0.95%

#4,876 of 5,854 · expensive

Fund Size

$631M

#1,429 of 5,854 · large

Return (1Y)Goal

+16.7%

Track Record

8 years

#1,747 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,180+21.8%

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

NYSE FANG+ Index

What it actually holds

By weight

Concentration

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

Micron Technology IncMU
11.3%
Amazon.com IncAMZN
10.4%
Meta Platforms Inc Class AMETA
10.2%
Microsoft CorpMSFT
10.0%
Alphabet Inc Class AGOOGL
10.0%
Netflix IncNFLX
9.8%
NVIDIA CorpNVDA
9.8%
Apple IncAAPL
9.8%
Broadcom IncAVGO
9.7%
Palantir Technologies Inc Ordinary Shares - Class APLTR
9.1%

Asset allocation

Stocks
100.0%

By sector

Technology
59.6%
Communication
30.0%
Consumer Cyclical
10.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
44.8%High

Year-on-year price swings

Max drawdown
-95.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.97Decent risk-adjusted returns
Sortino (3Y)
1.44Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results based on the NYSE FANG+ Index performance.
Strategy
The ETN is a leveraged product that aims to provide 2x the daily return of the NYSE FANG+ Index, which includes highly-traded growth stocks in the technology and consumer discretionary sectors. It is designed for sophisticated investors as a daily trading tool, not suitable for long-term holding.
Inception date
August 1, 2018
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