FANG & INNOVATION
EXCHANGE TRADED NOTES
The MicroSectors™ FANG & Innovation lineup of exchange traded notes provides +3x leveraged exposure and -3x inverse leveraged exposure to the performance of the Solactive FANG Innovation Index. LEARN MORE ABOUT BMO ETNs
WHAT IS THE FANG INNOVATION INDEX?
The Solactive FANG Innovation Index includes 15 highly liquid stocks focused on building tomorrow’s technology today. These large, tech-enabled equity securities are all listed and domiciled in the U.S.
The Index is comprised of eight core-components Apple (AAPL), Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA) AND the seven top traded names across the following FactSet Industries:
- Semiconductors
- Electronic Components
- Electronic Equipment/Instruments
- Telecommunications Equipment
- Computer Processing Hardware
- Computer Peripherals
- Computer Communications
- Electronic Production Equipment
- Data Processing Services
- Information Technology Services
- Packaged Software
- Internet Software/Services
The index rebalances monthly and reconstitutes quarterly. The Index’s underlying composition is equally weighted across all stocks, providing a unique benchmark that allows for a uniform performance-driven approach to investing. While market capitalization weighted indices can be dominated by a few of the largest stocks in the index, an equal-weighting allows for a more diversified portfolio.
Solactive FANG Innovation Index Components*
- 8.15% MICRON TECHNOLOGY INC
- 7.50% ALPHABET INC-CL A
- 7.03% META PLATFORMS INC-CLASS A
- 6.97% AMAZON.COM INC
- 6.94% BROADCOM INC
- 6.84% NETFLIX INC
- 6.76% PALO ALTO NETWORKS INC
- 6.59% MICROSOFT CORP
- 6.57% APPLE INC
- 6.54% NVIDIA CORP
- 6.52% ADOBE INC
- 6.27% SALESFORCE INC
- 6.22% TESLA INC
- 5.58% INTEL CORP
- 5.51% ADVANCED MICRO DEVICES
*Index reconstitutes quarterly, rebalances monthly. Components as of SOD 04/19/2024, weightings rounded for ease of analysis.
Performance
Source: Bloomberg L.P. Index data prior to June 8, 2021 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 notes 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 notes; (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 does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto. Notwithstanding Solactive’s obligations to its licensees, Solactive reserves the right to change the methods of calculation or publication of the Index, and Solactive shall not be liable for any miscalculation of or any incorrect, delayed or interrupted publication with respect to the Index. Solactive shall not be liable for any damages, including, without limitation, any loss of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or inability to use) of the Index.