General Insights

MicroSectors™ FANG & Innovation 3X Leveraged ETNs Upsized to $187.5M in Aggregate Principal Amount

October 4, 2021 – REX Shares, LLC (REX) is proud to announce that Bank of Montreal (BMO) has increased the aggregate principal amount and total notes outstanding of the MicroSectors™ FANG & Innovation 3X Leveraged ETNs (the “ETNs” or “BULZ”) by $125 million, to a new total of $187.5 million and 7.5 million notes, respectively.

BULZ is a 3X leveraged exchange traded product linked to the Solactive FANG Innovation Index. The Solactive FANG Innovation Index includes 15 highly liquid stocks focused on building tomorrow’s technology today. These large, tech-enabled equity securities are all listed and domiciled in the U.S. The index’s underlying composition is equally weighted across all stocks. The Index was launched on June 8, 2021.

Exchange Traded Notes linked to the Solactive FANG Innovation Index:

 


*As of 9/20/2021. Index weightings and constituents are subject to change.

Please reach out to us with any questions.
Regards,

Vince DiLullo
Managing Director, REX Shares

Adam Stempel
Director, BMO Capital Markets

The ETNs are senior, unsecured obligations of Bank of Montreal.

Investment suitability must be determined individually for each investor, and the ETNs may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own financial advisors as to these matters.

The exchange traded notes are subject to the credit risk of Bank of Montreal, the issuer of the ETNs. The ETNs are also subject to the issuer’s credit ratings, and the issuer’s credit spreads may adversely affect the market value of the notes.

Please note that leveraged, inverse and inverse leveraged ETNs seek a return on the underlying index for a single day. Those investments are not “buy and hold” investments, and should not be expected to provide the respective return of the underlying index’s cumulative return for periods greater than a day. The investments are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives only on a daily basis. Leveraged investments include risk and are not suitable for all investors. For each ETN, please read the disclosure documents, including the relevant pricing supplements, for additional information, including the relevant risk factors.

Bank of Montreal, the issuer of the ETNs, has filed a registration statement (including a pricing supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (the "SEC") about the offerings to which this press release relates. Please read those documents and the other documents relating to these offerings that Bank of Montreal has filed with the SEC for more complete information about Bank of Montreal and these offerings. These documents may be obtained without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Bank of Montreal, any agent or any dealer participating in these offerings will arrange to send the applicable pricing supplement, prospectus supplement and prospectus if so requested by calling toll-free at 1-877-369-5412.

About REX
REX Shares is an independent provider of exchange-traded products (ETPs). As ETP architects, the REX team specializes in creating investment vehicles that solve specific access or efficiency challenges in investor portfolios. The firm is rooted with decades of structuring and building innovative exchange-traded product solutions.

For more information, please visit www.rexshares.com or www.MicroSectors.com.
Follow us on Twitter: @REXShares and @MSectors

Media Contact
Gregory FCA for REX Shares
Chandler Kuck, 239-302-7464
rexshares@gregoryfca.com

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $950 billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

Related Links
www.bmo.com

Solactive AG (“Solactive”) is the licensor of the Index. The notes are not sponsored, endorsed, promoted or sold by Solactive in any way, and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the notes; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto. Notwithstanding Solactive’s obligations to its licensees, Solactive reserves the right to change the methods of calculation or publication of the Index, and Solactive shall not be liable for any miscalculation of or any incorrect, delayed or interrupted publication with respect to the Index. Solactive shall not be liable for any damages, including, without limitation, any loss of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or inability to use) of the Index.


REX Shares & Bank of Montreal Named Winners In ETF Express Award Show For Third Straight Year

ETN lineup reaches pivotal $2 billion market value milestone. REX Shares appoints Managing Director Vince DiLullo to fuel continued product expansion.

FAIRFIELD, Conn. — September 30, 2021 — REX Shares (REX), an independent provider of exchange-traded products (ETPs), was recognized as the Best Leveraged & Inverse ETF Issuer (Including ETNs) with partner Bank of Montreal (BMO) for the second year in a row at the ETF Express U.S. Awards 2021. REX and BMO won Best Alternative ETF Provider (Including ETNs) in 2019. The ETN lineup also surpassed $2 billion in market value during 2021 — a 100% increase from 2020 — and REX recently appointed Vince DiLullo as Managing Director.

DiLullo, who brings 25 years of capital markets, wealth management and financial industry experience, will take charge of business development for REX. In his most recent role with UBS Investment Bank, DiLullo led the development, origination and distribution of structured investment and ETP solutions to financial institutions and private clients in the U.S. His presence at the firm will provide additional tools and investment opportunities, furthering REX’s continued path of growth.

“This year, we’ve experienced robust growth as investors seek differentiated exposure to market segments that heavily influence their portfolio, such as technology, banking, oil and gold,” said Greg King, Founder and CEO of REX. “This latest recognition from ETF Express is further evidence that the innovative ETNs continue to resonate with sophisticated sector traders. With Vince on board, we look forward to expanding and enhancing our product offerings even more.”

The annual ETF Express U.S. awards acknowledge superiority among ETF issuers across a range of asset classes and serve as a mark of achievement from industry peers. REX was included on a pre-selected shortlist based on data provided by Bloomberg and narrowed down as the winner following an exhaustive online poll of the entire ETF Express readership.

With a focus on unique investment and trading products, REX offers the MicroSectors™ suite of ETNs that offer investors enhanced exposure to tailored market sectors.

About REX Shares
Founded in 2015, REX Shares (REX) is an independent provider of exchange-traded products (ETPs) based in Fairfield, Connecticut. As ETP architects, the REX team creates investment vehicles that solve for a range of specific challenges in investor portfolios. The firm is rooted in decades of structuring and building inventive exchange-traded product solutions. For more information, please visit www.rexshares.com.

Media Contact
Gregory FCA for REX Shares
Chandler Kuck, 239-302-7464
rexshares@gregoryfca.com

Investor Inquiries
REX Shares
203-557-6201
info@rexshares.com