DULL
·NYSE
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Key Stats
Assets Under Management
20.19MUSD
Fund Flows (1Y)
18.88MUSD
Dividend Yield
--
Discount/Premium to NAV
0.32%
Shares Outstanding
13.50M
Expense Ratio
0.95%
About MicroSectors Gold -3X Inverse Leveraged ETNs
Issuer
BMO
Brand
REX Microsectors
Home Page
Inception Date
Feb 24, 2023
Structure
Exchange-Traded Note
Index Tracked
LBMA Gold Price
Management Style
Passive
Dividend Treatment
--
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
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Distributor
State Street Corp. (Fund Distributor)
DULL is an exchange-traded note, a debt obligation of the Bank of Montreal, that which provides 3x daily inverse leveraged exposure to the performance of SPDR Gold Shares Trust, which trades under the ticker GLD. As such, DULL is not a buy-and-hold product and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to shares if held for longer than a day. DULL's underlying fund is the first ETF to invest directly in physical gold. NAV for the underlying fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), which results in an extremely close relationship with spot prices. As a debt obligation, investors are exposed to the credit risk of the bank.
Classification
Asset Class
Commodities
Category
Precious Metals
Focus
Gold
Niche
Physically Held
Strategy
Vanilla
Geography
Global
Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -25.25% | -45.49% | -82.02% | -82.80% | -94.00% | -94.00% |
NAV Total Return | -17.08% | -39.17% | -79.88% | -80.67% | -0.85% | -0.85% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
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
