JETU – MAX Airlines 3X Leveraged ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks return on the notes is linked to a three times leveraged participation in the daily performance of the Prime Airlines Index. The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations.

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
JETU	MAX Airlines 3X Leveraged ETN	ETF	Open	—	—	Jun 20, 2023	$3.67M	0.950%	—	—	—

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