- What are the top holdings of OILD?
- MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN holds 1 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does OILD have?
- OILD holds 1 positions as reported by the fund's most recent disclosure.
- What sectors does OILD invest in?
- MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is OILD most exposed to?
- OILD's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is OILD a US-only fund?
- The country allocation card on this page shows OILD'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 OILD invest in?
- OILD makes a big and bearish one-day bet against a concentrated portfolio of US companies in the oil and gas exploration and production industry. The fund provides 300% daily inverse exposure to the price movements of the index. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by minimum average daily value traded over 1-month and 6-months. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILD is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
