FNGO – MicroSectors™ FANG+™ 2X Leveraged ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to approximate the returns that might be available to investors through a leveraged “long” investment in the NYSE FANG+™ Index (the index). 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FNGO	MicroSectors™ FANG+™ Index 2X Leveraged ETN	ETF	Open	—	—	Aug 1, 2018	$795.34M	0.950%	—	—	—

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