Bank Of Montreal MicroSectors U.S. Big Banks 3 Leveraged ETNs due February 17, 2045
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About Bank Of Montreal MicroSectors U.S. Big Banks 3 Leveraged ETNs due February 17, 2045
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Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
BNKU is a leveraged take on US Big Banks. Specifically, the fund tracks three times the performance 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. BNKU 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BNKU assets under management is 10.25 M USD. It's risen 14.32% over the last month.
BNKU fund flows account for 3.40 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BNKU doesn't pay dividends to its holders.
BNKU shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 19, 2025, and its management style is Passive.
BNKU expense ratio is 2.60% meaning you'd have to pay 2.60% of your investment to help manage the fund.
BNKU follows the Solactive MicroSectors U.S. Big Banks Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BNKU trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.