The MicroSectors FANG+ Index 3x Leveraged ETN (FNGA) is designed for investors seeking amplified daily exposure to a concentrated portfolio of technology and consumer discretionary growth stocks. This ETN offers a 3x leveraged return on the NYSE FANG+ Index, which comprises 10 highly traded companies. With a focus on maximizing short-term gains, FNGA carries a higher risk profile due to its leveraged nature. The ETN does not pay a dividend. As of 2026-03-15, key holdings include Netflix, CrowdStrike, and ServiceNow.
MicroSectors FANG+ Index 3X Leveraged ETNs due January 8 2038 (FNGA) ETF — Price, Holdings & Analysis
The MicroSectors FANG+ Index 3x Leveraged ETN (FNGA) is designed for investors seeking amplified daily exposure to a concentrated portfolio of technology and consumer discretionary growth stocks. This ETN offers a 3x leveraged return on the NYSE FANG+ Index, which comprises 10 highly traded companies. With a focus on maximizing short-term gains, FNGA carries a higher risk profile due to its leveraged nature. The ETN does not pay a dividend. As of 2026-03-15, key holdings include Netflix, CrowdStrike, and ServiceNow.
Descripción general del ETF
MicroSectors FANG+ Index 3x Leveraged ETN is an exchange-traded note incorporated in the USA. The ETN tracks the NYSE FANG+ Index on a daily compounded 3x leveraged basis. The Index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks.
FNGA provides a leveraged investment strategy, seeking to deliver three times the daily performance of the NYSE FANG+ Index. This index is composed of 10 prominent technology and consumer discretionary companies, equally weighted to ensure diversification across the selected stocks. The ETN's leveraged approach is designed for sophisticated investors who aim to capitalize on short-term market movements in these high-growth sectors. FNGA's top holdings include Netflix (11.54%), CrowdStrike (11.18%), and ServiceNow (11.07%), reflecting its concentration in leading tech companies. This strategy is distinct from traditional ETFs that offer broader market exposure or lower leverage ratios. Investors should note that the daily reset of the leverage can lead to significant deviations from the index's long-term performance, especially in volatile market conditions. FNGA is suitable for experienced traders with a high-risk tolerance and a short-term investment horizon.
Métricas de riesgo
FNGA's leveraged nature significantly amplifies both potential gains and losses, making it a high-risk investment. The ETN's beta of 3.46 indicates that it is substantially more volatile than the broader market. The concentration of its holdings in just 10 stocks, primarily within the technology and consumer discretionary sectors, exposes investors to sector-specific risks and company-specific risks. The daily reset of the 3x leverage can result in compounding losses if the underlying index moves against the investment over multiple trading sessions. Investors should be aware that FNGA is designed for short-term trading and is not suitable for long-term investment strategies due to the potential for significant value erosion over time. Past performance does not guarantee future results.
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Métricas de riesgo
Beta: 3.46
Preguntas y respuestas
What is FNGA and what does it track?
FNGA, or MicroSectors FANG+ Index 3x Leveraged ETN, is an exchange-traded note that seeks to provide three times the daily performance of the NYSE FANG+ Index. The index comprises 10 highly traded growth stocks primarily in the technology and consumer discretionary sectors, including companies like Netflix, Apple, and Amazon. FNGA uses leverage to amplify the daily returns of this index, making it a potentially high-reward, high-risk investment vehicle. It is designed for sophisticated investors seeking short-term exposure to these leading growth stocks.
What is the expense ratio for FNGA?
While the exact expense ratio for FNGA is not provided in the data, leveraged ETNs typically have higher expense ratios compared to traditional ETFs due to the costs associated with leverage. Investors should consult the fund's prospectus for the most up-to-date information on fees and expenses. These costs can erode returns over time, particularly if the ETN is held for extended periods. It is important to consider the expense ratio in the context of the potential returns and risks associated with the leveraged investment strategy.
What are the top holdings in FNGA?
FNGA's top holdings are concentrated in a small number of leading technology and consumer discretionary companies. As of 2026-03-15, the top three holdings include Netflix Inc (NFLX) at 11.54%, CrowdStrike Holdings Inc Class A (CRWD) at 11.18%, and ServiceNow Inc (NOW) at 11.07%. These companies represent a significant portion of the ETN's portfolio, reflecting its focus on high-growth stocks within these sectors. The remaining holdings include Microsoft, Apple, Broadcom, Alphabet, Amazon, Meta Platforms, and NVIDIA.
Is FNGA a good long-term investment?
FNGA is generally not considered a suitable long-term investment due to its leveraged nature and daily reset mechanism. The 3x leverage amplifies both gains and losses, and the daily reset can lead to significant deviations from the underlying index's long-term performance, especially in volatile markets. While it offers the potential for high returns in the short term, the compounding effect of daily resets can erode value over time if the index does not consistently move in the desired direction. Investors should carefully consider their risk tolerance and investment horizon before investing in FNGA. Past performance does not guarantee future results.
How does FNGA compare to similar ETFs?
FNGA stands out from many ETFs due to its leveraged strategy, offering 3x daily exposure to the NYSE FANG+ Index. Most ETFs provide unleveraged exposure to a broader range of stocks or sectors. While there may be other leveraged ETFs, FNGA's focus on the FANG+ Index provides a specific concentration in leading technology and consumer discretionary companies. Investors should compare FNGA's expense ratio, trading volume, and tracking error to those of other leveraged ETFs to determine the most suitable option for their investment goals and risk tolerance.
Does FNGA pay dividends?
Based on the provided data, FNGA does not pay dividends. The dividend yield is listed as 0.00%. This is typical for leveraged ETNs that focus on capital appreciation rather than income generation. Investors seeking dividend income should consider alternative investment options, such as dividend-paying stocks or dividend-focused ETFs. FNGA's primary objective is to provide leveraged exposure to the daily performance of the NYSE FANG+ Index.