MicroSectors U.S. Big Banks 3 Leveraged ETN (BNKU) Dividend Yield, History & Forecast

MicroSectors U.S. Big Banks 3 Leveraged ETN (BNKU) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $466M.

BNKU fund composition

BNKU holds 10 positions. It charges an expense ratio of 2.60%, and manages $33.2M.

Sector allocation

Financial Services100.0%

Frequently Asked Questions about MicroSectors U.S. Big Banks 3 Leveraged ETN (BNKU)

What does MicroSectors U.S. Big Banks 3 Leveraged ETN invest in?
This exchange-traded note (ETN) is a senior, unsecured medium-term debt instrument issued by Bank of Montreal. Its daily return is designed to reflect triple the performance of its underlying benchmark index, subject to a daily reset. This leveraged return is net of a Daily Investor Fee, a Daily Financing Charge, and potentially a Redemption Fee. The underlying benchmark is an equal-dollar weighted index comprised of the ten largest U.S. banking sector companies by market capitalization.