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FNGO
-2.44 · -2.15%
$111.03 · NYSE ARCA

MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) ETF Analysis | Trading--Leveraged Equity

BMO Capital Markets · USA
AUM:$457.8M
#– of – in Trading--Leveraged Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FNGO returned -2.9% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.95% — above average for this category.

What is FNGO?

The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Negative 12-Month Return
FNGO returned -2.9% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 0.95% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 100.0% of the ETF — significant weight in a small number of names.
ETF Information
AUM$457.8M
Expense Ratio0.95%
Dividend Yield0.00%
Holdings10
Inception DateAug 2018
Domicile–
Distribution–
Index–
ProviderBMO Capital Markets
Beta2.53
CategoryTrading--Leveraged Equity
CurrencyUSD
Portfolio Impact

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+60.4%
1Y
+30.8%
3Y
+307.0%
5Y
+235.4%
OpenBook InsightIf you had invested £10,000 in FNGO 5 years ago, it would have grown to £33,544 — a gain of £23,544.

Annual Returns

Calendar year performance

FNGO delivered positive returns in 4 of the last 5 calendar years.
YearFNGO
2026 YTD+36.2%
2025+26.1%
2024+112.3%
2023+247.3%
2022-72.8%
CAGR 4yr+26.1%
4/5 positive yearsAvg return: +69.8%Worst year: -72.8% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
46.9%
Very High
Momentum
+17.3%
30-day change
Support Level
138.00
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Momentum is upward with a 17.3% move over 30 days.
  • Elevated volatility indicates higher short-term price variability and risk.
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