ATLASMicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD): outlook, holdings and fees
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund and is managed by BMO Capital Markets. The expense ratio is 0.93% and the yield is 0.00%. The ten largest holdings are 100% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FNGD
| Last price | $30.83 (-0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 46% |
| Likely 1-month range (50%) | $26.69 – $34.43 |
| Normal 1-day range (±1σ) | ±4.3% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FNGD fund facts
| Issuer | BMO Capital Markets |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $45.9M |
| Expense ratio | 0.93% |
| Number of holdings | 10 |
| Portfolio turnover | 0% |
| Inception | Jan 22, 2018 |
| Exchange | NYSE |
The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
FNGD top holdings
| Holding | Sector | Weight |
|---|---|---|
| Palantir Technologies Inc. PLTR | Technology | 10.96% |
| Micron Technology Inc MU | Technology | 10.67% |
| Microsoft Corporation MSFT | Technology | 10.24% |
| NVIDIA Corporation NVDA | Technology | 10.21% |
| Meta Platforms Inc. META | Communication Services | 9.94% |
| Amazon.com Inc AMZN | Consumer Cyclical | 9.87% |
| Broadcom Inc AVGO | Technology | 9.92% |
| Alphabet Inc Class A GOOGL | Communication Services | 9.44% |
| Apple Inc. AAPL | Technology | 9.57% |
| Netflix Inc NFLX | Communication Services | 8.93% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FNGD sector breakdown
| Sector | Weight |
|---|---|
| Technology | 61.0% |
| Communication Services | 29.4% |
| Consumer Cyclicals | 9.6% |
By region: North America 100.0%.
FNGD returns and risk
| Year to date | -55.3% |
|---|---|
| 1 year | -51.5% |
| 3 years (annualised) | -73.0% |
| 5 years (annualised) | -65.8% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 56.8% |
| Sharpe ratio (3 years) | -1.80 |
Past returns do not guarantee future results.
FNGD: frequently asked questions
What does FNGD invest in?
MicroSectors FANG+ Index -3X Inverse Leveraged ETN invests in a portfolio of securities. Its largest holdings are Palantir Technologies Inc. (11.0%), Micron Technology Inc (10.7%), Microsoft Corporation (10.2%), NVIDIA Corporation (10.2%), Meta Platforms Inc. (9.9%).
What is the FNGD expense ratio?
0.93% a year: about $93.00 for every $10,000 invested.
What is the FNGD dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will FNGD go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 46%, with a likely range (50%) of $26.69 to $34.43 from $30.83 today. It is a probability, not a prediction.
How has FNGD performed?
Year to date -55.3%, one year -51.5%, three years -73.0% a year, five years -65.8% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer