BMO Capital MarketsInverse EquityBERZ · NYSE Arca

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

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Price: $22.10; —12 Nov 2026
Assets: $8.1M; Total net assets
Expense ratio: 0.95%; Category 0.00%
Yield: 0.00%; Trailing distributions

1Y return: -61.3%-32.3%; Category -29.0%
3Y CAGR: -72.7%-36.9%; Category -35.8%
5Y CAGR: -63.6%-39.9%; Category -23.7%

$22.10—12 Nov 2026

Fund

Assets: $8.1M
Expense: 0.95%
Categ. exp: 0.00%
Yield: 0.00%

ReturnFundCateg.

1Y-61.3%-29.0%

3Y-72.7%-35.8%

5Y-63.6%-23.7%

Launch-64.6%—

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MicroSectors Solactive FANG & Innovation - 3X Inverse Leveraged ETN

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+32.8%	+12.7%	-5.0%	-61.0%	-61.3%	-72.7%	-63.6%	—	-64.6%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	+21.4%	+4.4%	+4.1%	-30.0%	-32.3%	-36.9%	-39.9%	—	-27.5%

Holdings

The 10 largest positions make up 68.3% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
META	Meta Platforms Inc Class A	7.31%
AMD	Advanced Micro Devices Inc	7.15%
INTC	Intel Corp	7.03%
PLTR	Palantir Technologies Inc Ordinary Shares - Class A	6.93%
MU	Micron Technology Inc	6.90%
MSFT	Microsoft Corp	6.79%
NVDA	NVIDIA Corp	6.73%
AVGO	Broadcom Inc	6.55%
AAPL	Apple Inc	6.45%
NFLX	Netflix Inc	6.45%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 27.2
P/B: 10.2
P/S: 9.6
P/CF: 22.4

Sector allocation

Share of the equity the fund holds.

Technology67.0%
Communication services20.2%
Consumer discretionary12.8%

Asset mix

Stocks100.0%

ETF details

Issuer: BMO Capital Markets
Category: Equity · Inverse Equity
Ticker: BERZ
Exchange: NYSE Arca
Inception: 17 Aug 2021 (5.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.95% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 0.00%
Beta, 3 years: -4.12
Total net assets: $8.1M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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