The return on the MSectors™ FANG & Innovation -3X Inverse Leveraged ETNs is linked to a 3X times inverse leveraged participation in the daily performance of the Solactive FANG Innovation Index, minus the applicable fees. The ETNs are not “buy and hold” investments and should not be expected to provide a 3X times inverse leveraged return of the underlying index’s cumulative return for periods greater than a day.
| PRODUCT DETAILS | |
|---|---|
| Sector | Fang & Innovation |
| Ticker | BERZ |
| Intraday Indicative Note Value Ticker | BERZIV |
| CUSIP | 63679450 |
| ISIN | US0636794507 |
| Issue Date | 8/17/2021 |
| Maturity Date | 6/28/2041 |
| DAILY MARKET DATA | |
|---|---|
| Closing Indicative Value | $11.94 |
| Market Capitalization | $8,357,933 |
| ETNs Outstanding | 700,000 |
| DOCUMENTS |
|---|
| Index Details | |
|---|---|
| Index Name | Solactive FANG Innovation Index |
| Index Ticker | |
| Rebalance Frequency | Monthly |
| No. of Constituents | 15 |
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 is comprised of eight core-components Apple (AAPL), Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA) AND the seven top traded names across the following FactSet Industries:
The index rebalances monthly and reconstitutes quarterly. The Index’s underlying composition is equally weighted across all stocks, providing a unique benchmark that allows for a uniform performance-driven approach to investing. While market capitalization weighted indices can be dominated by a few of the largest stocks in the index, an equal-weighting allows for a more diversified portfolio.
LEARN MORE ABOUT THE FANG INNOVATION INDEX
*Index reconstitutes quarterly, rebalances monthly. Components as of SOD 12/16/2024, weightings rounded for ease of analysis.
