MicroSectors Gold ETNs: Leveraged & Inverse Daily Trading Tools

What are MicroSectors™ Gold Exchange Traded Notes?

The MicroSectors™ Gold lineup of exchange traded notes provide +3x leveraged exposure and -3x inverse leveraged exposure to the performance of the SPDR® Gold Shares ETF, which is an exchange traded fund that invests in gold bullion. LEARN MORE ABOUT BMO ETNs

Symbol

What is SHNY: 3X Leveraged Gold ETN?

SHNY provides 3X Leveraged Exposure to gold. This section offers a detailed description of the product and links to relevant documents.

DOCUMENTS

Product Sheet

Prospectus

Symbol

What is DULL: -3X Inverse Leveraged Gold ETN?

DULL provides -3X Inverse Leveraged Exposure to gold. This section offers a detailed description of the product and links to relevant documents.

DOCUMENTS

Product Sheet

Prospectus

WHAT IS THE SOLACTIVE MICROSECTORS™ ENERGY INDEX?

The Solactive MicroSectors™ Energy Index measures the performance of 12 highly liquid companies that are domiciled and listed in the U.S., and active in the energy sector. The Index’s underlying composition is liquidity weighted.

LEARN MORE ABOUT THE SOLACTIVE MICROSECTORS™ ENERGY INDEX

Benchmark for the MicroSectors™ Gold ETNs

100.00% SPDR GOLD SHARES

*Components as of SOD 10/07/2026

Performance

Source: Bloomberg L.P. Past historical benchmark data is not a guarantee of future results.

Frequently Asked Questions

1 What are MicroSectors™ Gold ETNs?

The MicroSectors™ Gold ETNs are exchange traded notes that offer either +3x leveraged or -3x inverse leveraged exposure to the daily performance of the SPDR® Gold Shares ETF. These products are designed for investors seeking magnified or inverse returns based on gold bullion's price movements.

2 Which specific MicroSectors™ Gold ETNs are available?

The MicroSectors™ Gold lineup includes two ETNs: SHNY, which provides 3x leveraged exposure, and DULL, which offers -3x inverse leveraged exposure. Both track the performance of the SPDR® Gold Shares ETF.

3 What is the benchmark for the MicroSectors™ Gold ETNs?

The MicroSectors™ Gold ETNs are benchmarked 100% to the SPDR® Gold Shares ETF. This means their leveraged and inverse performance is directly tied to the daily movements of this specific gold bullion ETF.

4 Where can I find detailed documentation for these Gold ETNs?

Detailed documentation, including the Product Sheet and Prospectus, is available for both the SHNY and DULL ETNs. These documents provide comprehensive information about the products' structure, risks, and other important details.