# MicroSectors FANG+ 3 Leveraged ETNs (FNGU): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fngu for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: REX Microsectors · Asset class: Equity - Strategy: Leveraged · Inception: 2025-02-24 The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying hold... ## Key Facts | Metric | Value | |---|---| | Price | $29.12 | | Expense Ratio | 0.95% | | Assets Under Management | $2.33B | | NAV | $29.10 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $13.49 – $37.65 | | Beta | 5.54 | ## Frequently Asked Questions ### What does FNGU invest in? The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB. ### What is the expense ratio of FNGU? MicroSectors FANG+ 3 Leveraged ETNs (FNGU) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations. ### Is FNGU a good long-term hold? FNGU 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 FNGU's daily reset work? FNGU 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 FNGU? MicroSectors FANG+ 3 Leveraged ETNs (FNGU) manages $2.33B 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 FNGU actively managed or an index fund? FNGU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does FNGU pay a dividend? MicroSectors FANG+ 3 Leveraged ETNs (FNGU) 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 FNGU pay dividends? MicroSectors FANG+ 3 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 FNGU's dividend yield? FNGU's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FNGU's next ex-dividend date? FNGU hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will FNGU's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FNGU charge its expense ratio? The expense ratio is deducted in tiny daily slices from FNGU'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. ### Why does FNGU cost more than a fund like VOO? FNGU is a leveraged fund (current expense ratio 0.95%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to FNGU? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FNGU (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fngu - Distribution history: https://www.dividenddata.com/funds/fngu/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fngu/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fngu/expenses - Peer comparison: https://www.dividenddata.com/funds/fngu/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.