- What are the top holdings of BNKD?
- A machine-readable holdings disclosure for MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN (BNKD) is not available from our data sources — fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
- What sectors does BNKD invest in?
- MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN (BNKD) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is BNKD most exposed to?
- BNKD's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is BNKD a US-only fund?
- The country allocation card on this page shows BNKD's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does BNKD invest in?
- This Exchange Traded Note (ETN), designated BNKD and named MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN, is a specific type of senior unsecured medium-term debt obligation originating from the Bank of Montreal. Its investment objective is to provide a daily return that reflects three times the opposite movement of its tracking index. Therefore, investors stand to gain when the index falls and incur losses when it rises, with this effect compounded daily. This return is further reduced by a daily investor fee, any negative daily interest that might apply, and a redemption fee if the note is redeemed. The underlying index itself is an equally-weighted basket comprising the ten U.S. banking sector companies with the highest market valuations.
