BIG BANKS
EXCHANGE TRADED NOTES
MicroSectors™ ETNs provide efficient and cost effective access to concentrated sectors of the market. The BIG BANKS lineup provides +3x leveraged exposure and -3x inverse leveraged exposure to the Solactive MicroSectors™ U.S. Big Banks Index performance. LEARN MORE ABOUT BMO ETNs
WHAT IS THE BIG BANKS INDEX?
The Solactive MicroSectors™ U.S. Big Banks Index includes 10 highly liquid stocks that represent industry leaders across today’s U.S. banking sector. The index’s underlying composition is equally weighted across all stocks, providing a unique performance benchmark that allows for a value-driven approach to investing. While the performance of indices weighted by market capitalization can be dominated by a few of the largest stocks, an equal-weighting allows for a more diversified portfolio.
Solactive MicroSectors™ U.S. Big Banks Index Components*
- 10.74% SCHWAB (CHARLES) CORP
- 10.28% GOLDMAN SACHS GROUP INC
- 10.11% TRUIST FINANCIAL CORP
- 10.08% WELLS FARGO & CO
- 10.08% MORGAN STANLEY
- 9.99% CITIGROUP INC
- 9.97% BANK OF AMERICA CORP
- 9.91% PNC FINANCIAL SERVICES GROUP
- 9.46% JPMORGAN CHASE & CO
- 9.36% US BANCORP
*Index rebalanced to equal 10% weights monthly. Components as of SOD 04/19/2024, weightings rounded for ease of analysis.
Performance
Source: Bloomberg L.P. Index data prior to January 25, 2019 is hypothetical and reflects the application of the index methodology in hindsight. The hypothetical data cannot completely account for the impact of financial risk in actual trading. Past historical or hypothetical data is not a guarantee of future index results.
Solactive AG (“Solactive”) is the licensor of the Index. The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index.