MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN (BNKD) ETF Holdings & Analysis

What BNKD does

This Exchange Traded Note (ETN), designated BNKD and named MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN, is a specific type of senior unsecured medium-term debt obligation originating from the Bank of Montreal. Its investment objective is to provide a daily return that reflects three times the opposite movement of its tracking index. Therefore, investors stand to gain when the index falls and incur losses when it rises, with this effect compounded daily. This return is further reduced by a daily investor fee, any negative daily interest that might apply, and a redemption fee if the note is redeemed. The underlying index itself is an equally-weighted basket comprising the ten U.S. banking sector companies with the highest market valuations.

Fund profile

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how BNKD 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 BNKD track?

BNKD is the MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN, a Other ETF.

What is the expense ratio of BNKD?

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

What are the largest holdings in BNKD?

BNKD's top holdings are listed on this page when available.

How can PortView analyze BNKD overlap with other ETFs?

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