FANG+™
EXCHANGE TRADED NOTES
MicroSectors™ ETNs provide efficient and cost effective access to concentrated sectors of the market. The FANG+™ lineup provides exposure to NYSE® FANG+™ Index performance. LEARN MORE ABOUT BMO ETNs
WHAT IS THE FANG+™ INDEX?
The NYSE® FANG+™ Index includes 10 highly liquid stocks that represent industry leaders across today’s tech and internet/media companies. The index’s underlying composition is equally weighted across all stocks, providing a unique performance benchmark that allows for a value-driven approach to investing. While the performance of indices weighted by market capitalization can be dominated by a few of the largest stocks, an equal-weighting allows for a more diversified portfolio.
NYSE® FANG+™ Index Components*
- 11.44% ALPHABET INC-CL A
- 10.55% BROADCOM INC
- 10.30% TESLA INC
- 10.18% APPLE INC
- 10.09% AMAZON.COM INC
- 9.86% MICROSOFT CORP
- 9.63% SNOWFLAKE INC-CLASS A
- 9.50% NETFLIX INC
- 9.32% NVIDIA CORP
- 9.13% META PLATFORMS INC-CLASS A
*Index rebalanced to equal 10% weights quarterly. Components as of SOD 04/26/2024, weightings rounded for ease of analysis.
Performance
Source: Bloomberg L.P. Index data prior to September 26, 2017 is hypothetical and reflects the application of the index methodology in hindsight. The hypothetical data cannot completely account for the impact of financial risk in actual trading. Past historical or hypothetical data is not a guarantee of future index results.
FANG+ is a registered trademark of ICE Data Indices, LLC (“ICE Data”). The trademarks have been licensed for use for certain purposes by Bank of Montreal. The NYSE® FANG+™ Index is a product of ICE Data, and has been licensed for use by Bank of Montreal. The ETNs are not sponsored, endorsed, sold or promoted by REX or any of its affiliates or third party licensors (collectively, “REX Index Parties”) or by ICE Data or any of its affiliates or third party licensors (collectively, “ICE Data Index Parties”). REX Index Parties and ICE Data Index Parties make no representation or warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the NYSE® FANG+™ Index to track general market performance. REX Index Parties and ICE Data Index Parties’ only relationship to Bank of Montreal with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of REX Index Parties and ICE Data Index Parties.