MAX S&P 500 4X Leveraged ETN
XXXX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- Address
- United States of America
- IPO Date
- Dec 4, 2023
- CIK
- 0000927971
- Similar Companies
- Business
- MAX S&P 500 4X Leveraged ETN (XXXX) is an exchange-traded note that seeks to provide four times the daily performance of the S&P 500 Total Return Index, before fees and expenses. Issued by Bank of Montreal (BMO) under the MAX brand, the ETN offers sophisticated investors leveraged exposure to the large-cap U.S. equity market, including stock prices and dividends from the index's 500 constituents across diversified sectors; it matures on October 30, 2043, and trades on NYSE Arca. The product is designed for daily trading as part of a diversified portfolio, with returns subject to daily compounding effects, BMO credit risk, and no principal protection. Launched on December 4, 2023, as part of BMO's MAX leveraged and inverse ETN suite introduced that year, XXXX enables tactical risk management and potential return enhancement through amplified daily index participation. BMO, founded in 1817 and headquartered in Montreal, Canada, operates globally with significant U.S. presence, providing this ETN alongside other MAX products like 3X leveraged offerings tied to sectors such as airlines. The ETN targets institutional and experienced retail investors in North American markets, with assets under management reaching approximately $442 million as of recent data. No major acquisitions, funding rounds, or strategic shifts have been announced for the ETN or MAX brand in the last two years; it continues trading amid volatile U.S. equity conditions, with performance reflecting fourfold leveraged S&P 500 daily moves less a net expense ratio around 0.95%. BMO maintains the product's availability through standard brokerage platforms, emphasizing its suitability for short-term strategies over long-term holding. Operations remain centered in the United States for trading, with BMO's broader infrastructure supporting issuance and investor access worldwide.