MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) ETF Holdings & Analysis

What BERZ does

BERZ aims to deliver a daily leveraged inverse return, specifically -3 times the performance of an index comprising FANG and other qualifying technology firms. This underlying index consistently includes eight foundational companies: Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla. Additionally, seven other companies are chosen following a specific selection process. To be considered for inclusion, a company must trade on a U.S. exchange, belong to the technology sector, and possess a market capitalization of at least $10 billion. The selection methodology begins by ranking eligible securities based on their market capitalization. The 30 largest are then further assessed by their average daily trading value over the past year. From this group, the top seven are chosen to complete the index alongside the eight core holdings, and all 15 constituents are equally weighted. The index undergoes monthly rebalancing and quarterly reconstitution. Given its nature as a daily resetting, -3x inverse leveraged product, BERZ is unsuitable for long-term investment strategies. Its returns are designed to reflect the inverse index performance over a single day, and it should not be anticipated to deliver that leveraged return over periods exceeding one day.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how BERZ fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does BERZ track?

BERZ is the MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN, a Other ETF.

What is the expense ratio of BERZ?

Expense ratio data for BERZ is shown on the page when available from our data provider.

What are the largest holdings in BERZ?

Top holdings include INTC, PYPL, NFLX, GOOGL, AMD.

How can PortView analyze BERZ overlap with other ETFs?

PortView computes the holdings overlap between BERZ and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.