RTAI vs. BNKU ETF Comparison
Comparison of Rareview Tax Advantaged Income ETF (RTAI) to MicroSectors U.S. Big Banks Index 3X Leveraged ETNs (BNKU)
RTAI
Rareview Tax Advantaged Income ETF
RTAI Description
The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. While it will invest primarily in closed-end funds, the fund may invest up to 30% of its assets in municipal or short term Treasury ETFs if in the adviser's discretion, the ETFs will provide a better investment opportunity or liquidity for the asset class. It is non-diversified.
Grade (RS Rating)
Last Trade
$21.48
Average Daily Volume
1,522
11
BNKU
MicroSectors U.S. Big Banks Index 3X Leveraged ETNs
BNKU Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.Grade (RS Rating)
Last Trade
$31.38
Average Daily Volume
247,407
10
Performance
| Period | RTAI | BNKU |
|---|---|---|
| 30 Days | 2.38% | 3.91% |
| 60 Days | 4.47% | 1.29% |
| 90 Days | 2.71% | 6.99% |
| 12 Months | 8.39% | 107.95% |
0 Overlapping Holdings
| Symbol | Grade | Weight in RTAI | Weight in BNKU | Overlap |
|---|
RTAI: Top Represented Industries & Keywords
BNKU: Top Represented Industries & Keywords
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