MicroSectors FANG+ Index Inverse ETN (GNAF) ETF Holdings & Analysis

What GNAF does

This investment product is designed to deliver returns that are inversely correlated to the daily performance of the NYSE Fang+™ Index. It is structured as senior unsecured medium-term notes, issued by Bank of Montreal. The return generated by these notes is directly tied to the opposite movement of the underlying index, calculated and compounded on a daily basis. From this return, several deductions are made: a daily investor fee, any negative daily interest that may accrue, and a redemption fee if applicable. The NYSE Fang+™ Index itself is an equal-dollar weighted benchmark. It tracks a concentrated group of actively traded, high-growth companies from both the technology and consumer discretionary sectors, specifically focusing on those that are primarily technology firms or heavily reliant on technology.

Fund profile

Sector allocation

PortView Portfolio Insights

PortView analyzes how GNAF 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 GNAF track?

GNAF is the MicroSectors FANG+ Index Inverse ETN, a Other ETF.

What is the expense ratio of GNAF?

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

What are the largest holdings in GNAF?

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

How can PortView analyze GNAF overlap with other ETFs?

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