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About MicroSectors Gold -3X Inverse Leveraged ETNs
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Inception date
Feb 22, 2023
Structure
Exchange-Traded Note
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
State Street Corp. (Fund Distributor)
ISIN
US0636795181
DULL is an exchange-traded note, a debt obligation of the Bank of Montreal, that which provides 3x daily inverse leveraged exposure to the performance of SPDR Gold Shares Trust, which trades under the ticker GLD. As such, DULL is not a buy-and-hold product and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to shares if held for longer than a day. DULLs underlying fund is the first ETF to invest directly in physical gold. NAV for the underlying fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), which results in an extremely close relationship with spot prices. As a debt obligation, investors are exposed to the credit risk of the bank.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DULL assets under management is 26.10 M USD. It's fallen 12.91% over the last month.
DULL fund flows account for 32.99 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DULL doesn't pay dividends to its holders.
DULL shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 22, 2023, and its management style is Passive.
DULL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
DULL follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DULL price has fallen by −16.74% over the last month, and its yearly performance shows a −78.38% decrease. See more dynamics on DULL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.83% over the last month, showed a −49.42% decrease in three-month performance and has decreased by −78.13% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.83% over the last month, showed a −49.42% decrease in three-month performance and has decreased by −78.13% in a year.
DULL trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.