MicroSectors U.S. Big Oil 3 Leveraged ETN
NRGU
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
- Feb 20, 2025
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors U.S. Big Oil 3× Leveraged ETNs due February 17, 2045 (NRGU) are exchange-traded notes issued by Bank of Montreal that provide sophisticated investors with three times leveraged long exposure to the daily performance of the Solactive MicroSectors™ U.S. Big Oil Index, compounded daily before fees and the daily leverage reset effect. The underlying index tracks an equal-weighted portfolio of ten large U.S. oil and gas companies by free-float market capitalization in the Upstream Energy; Integrated Oil and Gas Exploration and Production; and Downstream and Midstream Energy sectors, including ConocoPhillips, Phillips 66, Exxon Mobil Corp., Chevron Corp., and Valero Energy Corp., among others, rebalanced monthly. Listed on NYSE Arca under ticker NRGU with CUSIP 063679427, the ETNs mature on February 17, 2045, following issuance on February 24, 2025, with BMO Capital Markets Corp. serving as underwriter. Bank of Montreal, founded in 1817 and headquartered in Montreal, Quebec, with operational headquarters in Toronto, Ontario, Canada, operates globally across North America and select international markets through its diversified banking and capital markets segments, including structured products like the MicroSectors suite of ETNs. The bank issues a range of leveraged and inverse ETNs under the MicroSectors brand, targeting niche equity sectors such as energy, technology, and commodities, domiciled in the United States and traded on U.S. exchanges. In recent developments, Bank of Montreal relaunched the NRGU ETNs in February 2025 after the prior series matured or was redeemed in July 2024, maintaining the same ticker and three-times leveraged exposure to the U.S. Big Oil Index while extending maturity to 2045; this relaunch coincided with updated pricing supplements filed with the SEC. The issuer closed the acquisition of Burgundy Asset Management Ltd. in fiscal 2025 to bolster its private wealth management capabilities and received twelve 2025 Canada LSEG Lipper Fund Awards for its mutual funds and ETFs, reflecting ongoing expansion in investment products. Additionally, BMO implemented reverse splits on select MicroSectors ETNs, such as the Gold Miners -3X Inverse Leveraged ETNs (GDXD) effective October 22, 2025, and increased the financing spread for Gold Miners 3X Leveraged ETNs (GDXU) in November 2025, alongside announcing an upcoming ticker change for another product in June 2025.