# MicroSectors™ FANG+™ 3x Leveraged ETNs (FNGB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fngb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Leveraged · Inception: 2025-02-24 The index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors. ## Key Facts | Metric | Value | |---|---| | Price | $21.28 | | Expense Ratio | — | | Assets Under Management | $1.69B | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $7.95 – $25.26 | | Beta | 0.00 | ## Frequently Asked Questions ### What does FNGB invest in? The index, which is the same index that the FNGU ETNs are linked to, is an equally-weighted equity index that tracks the performance of 10 highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors. ### What is the expense ratio of FNGB? An expense ratio for MicroSectors™ FANG+™ 3x Leveraged ETNs (FNGB) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### Is FNGB a good long-term hold? FNGB is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does FNGB's daily reset work? FNGB rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is FNGB? MicroSectors™ FANG+™ 3x Leveraged ETNs (FNGB) manages $1.69B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FNGB actively managed or an index fund? FNGB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does FNGB pay a dividend? MicroSectors™ FANG+™ 3x Leveraged ETNs (FNGB) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FNGB pay dividends? MicroSectors™ FANG+™ 3x Leveraged ETNs pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FNGB's dividend yield? FNGB's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FNGB's next ex-dividend date? FNGB hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### Why is FNGB's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for MicroSectors™ FANG+™ 3x Leveraged ETNs (FNGB). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does FNGB charge its expense ratio? The expense ratio is deducted in tiny daily slices from FNGB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fngb - Distribution history: https://www.dividenddata.com/funds/fngb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fngb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fngb/expenses - Peer comparison: https://www.dividenddata.com/funds/fngb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.