CARD
·ARCA
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Key Stats
Assets Under Management
1.10MUSD
Fund Flows (1Y)
1.65MUSD
Dividend Yield
--
Discount/Premium to NAV
-0.34%
Shares Outstanding
450.00K
Expense Ratio
0.95%
About MAX Auto Industry -3X Inverse Leveraged ETNs
Issuer
BMO
Brand
Max
Inception Date
Jun 30, 2023
Structure
Exchange-Traded Note
Index Tracked
Prime Auto Industry Index
Management Style
Passive
Dividend Treatment
--
Distribution Tax Treatment
No distributions
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
--
Distributor
--
CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARD is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.
Classification
Asset Class
Equity
Category
Sector
Focus
Consumer Discretionary
Niche
Automobile Manufacturers
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Liquidity
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -27.96% | -16.03% | -63.62% | -59.08% | -89.88% | -89.88% |
NAV Total Return | -16.91% | -19.64% | -65.76% | -60.38% | -0.84% | -0.84% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Consumer Cyclical
98.80%
Industrials
1.20%
Consumer Cyclical
98.80%
Industrials
1.20%
Asset
Region
93.63%
3.8%
2.57%
Category
Ratio
North America
93.63%
Europe
3.80%
Asia
2.57%
Investment Style
No data is currently available
Top 10 Holdings
No data is currently available
Dividends
No data is currently available
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
