Symbols

BNKD

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs·NYSE

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Key Stats

Assets Under Management

1.47MUSD

Fund Flows (1Y)

Dividend Yield

Discount/Premium to NAV

-1.03%

Shares Outstanding

160.00K

Expense Ratio

0.95%

About MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs

Issuer

BMO

Brand

REX Microsectors

Home Page

https://www.bmoetn.com/ETN/BNKD.P/

Inception Date

Feb 24, 2025

Structure

Exchange-Traded Note

Index Tracked

Solactive MicroSectors U.S. Big Banks Index

Management Style

Passive

Dividend Treatment

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Distributor

BNKD is an inverse-leveraged take on US Big Banks. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and evenly weights them. Note, however, that the product isnt designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared to its underlying index. BNKD is essentially a relaunch of an old ETN that was available from April 2, 2019, to July 24, 2024, with the same ticker and exposure.