Bank Of Montreal MicroSectors FANG+ 3X Leveraged ETNs(AMEX:FNGB)

FNGB offers 3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google), and other similar companies. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGB is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding. The Issuer offers the same note under the ticker FNGU. Due to operating expenses, current shares of FNGU will be redeemed in May of 2025.