MicroSectors FANG+ ETN
FNGS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 900 Third Avenue, 31st Floor New York NY United States of America 10022
- IPO Date
- Nov 13, 2019
- CIK
- 0000927971
- Website
- bmoetn.com
- Similar Companies
- Business
- MicroSectors FANG+ ETN (FNGS) is an exchange-traded note issued by Bank of Montreal that provides unleveraged exposure to the NYSE FANG+ Index, an equal-dollar weighted benchmark of 10 highly traded growth stocks in technology and tech-enabled companies; core holdings include Meta Platforms, Apple, Amazon.com, Netflix, Alphabet, NVIDIA, Broadcom, Microsoft, CrowdStrike Holdings and ServiceNow, rebalanced quarterly to equal weights; the ETN matures on January 8, 2038, with a closing indicative value of $68.20 and market capitalization of $511.5 million as of December 16, 2025. Launched on November 15, 2019 (issue date) and listed on NYSE Arca (CUSIP: 06368B504), FNGS tracks the index's daily performance minus fees, targeting sophisticated investors seeking concentrated sector exposure without daily leverage decay. The issuer, headquartered in Canada with U.S. operations through affiliates like BMO Capital Markets Corp., offers this product as part of the broader MicroSectors lineup of ETNs focused on microsectors including leveraged and inverse variants such as FNGU (-3X inverse) and FNGO (2X leveraged). In recent developments, Bank of Montreal announced on February 19, 2025, the redemption of its legacy MicroSectors FANG+ Index 3X Leveraged ETNs (original FNGU, ticker changed to FNGA effective March 3, 2025) with settlement on May 15, 2025, and simultaneously launched a replacement product, the MicroSectors FANG+ 3X Leveraged ETNs (FNGB, issued February 24, 2025, maturing February 17, 2045; intended to reuse FNGU ticker after 90 days), featuring adjusted fees to reflect current market conditions while maintaining daily resetting 3X long exposure to the same NYSE FANG+ Index. These actions represent a strategic reorganization of the leveraged FANG+ ETN offerings amid ongoing product maintenance, with no reported changes to the core FNGS ETN structure; BMO waived minimum early redemption sizes for affected legacy notes to facilitate investor transitions. The moves underscore BMO's focus on evolving its MicroSectors portfolio to sustain access to high-demand tech growth exposure for institutional and retail traders in North America and global markets.