Symbols

BNKU

MicroSectors U.S. Big Banks 3X Leveraged ETNs·ARCA

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Key Stats

Assets Under Management

36.84MUSD

Fund Flows (1Y)

12.37MUSD

Dividend Yield

Discount/Premium to NAV

1.10%

Shares Outstanding

1.00M

Expense Ratio

0.95%

About MicroSectors U.S. Big Banks 3X Leveraged ETNs

Issuer

BMO

Brand

REX Microsectors

Home Page

https://www.bmoetn.com/ETN/BNKU.P/

Inception Date

Feb 24, 2025

Structure

Exchange-Traded Note

Index Tracked

Solactive MicroSectors U.S. Big Banks Index

Management Style

Passive

Dividend Treatment

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Distributor

BNKU is a leveraged take on US Big Banks. Specifically, the fund tracks three times the performance of the underlying index, which selects the 10 largest qualifying stocks and evenly weights them. Note, however, that the product isnt designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared to its underlying index. BNKU is essentially a relaunch of an old ETN that was available from April 2, 2019, to July 24, 2024, with the same ticker and exposure.