BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
Quote as of Aug 26, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 21.66 | Day Range | 21.30 – 21.75 |
| 52-Week Range | 18.44 – 105.20 | Volume | 17.34K |
| Avg Volume | 88.06K | AUM | $6.7M (Aug 26, 2026) |
| Expense Ratio | 0.95% | Yield (TTM) | — |
| NAV | 21.28 | Premium/Discount | +0.38% indicative |
| Inception | Aug 18, 2021 | Holdings | 15 |
| Issuer | REX Microsectors | Exchange | AMEX |
| Category | Technology | Index Tracked | Not stated in source data |
| CUSIP | 063679351 | ISIN | US0636793517 |
| Structure | Leveraged -3x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
BERZ provides 300% daily inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap. The 30 largest companies are selected and then sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -25.10% | -1.63% | -66.94% | -61.87% | -77.94% | -75.56% | -65.71% | — | -66.32% |
| Total return | -25.10% | -1.63% | -66.94% | -61.87% | -77.94% | -75.56% | -65.71% | — | -66.32% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.95% | Annual cost of a $10,000 investment | $95.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Apr 17, 2023 — portfolio reporting date from the data provider; holdings are not live positions. 15 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Facebook Inc | FB | 6.67% | 0 | $0.00 |
| 2 | Tesla Inc | TSLA | 6.67% | 0 | $0.00 |
| 3 | Microsoft Corp | MSFT | 6.67% | 0 | $0.00 |
| 4 | Intel Corp | INTC | 6.67% | 0 | $0.00 |
| 5 | Advanced Micro .. | AMD | 6.67% | 0 | $0.00 |
| 6 | salesforce.com .. | CRM | 6.67% | 0 | $0.00 |
| 7 | Apple Inc | AAPL | 6.67% | 0 | $0.00 |
| 8 | PayPal Holdings.. | PYPL | 6.67% | 0 | $0.00 |
| 9 | Zoom Video Comm.. | ZM | 6.67% | 0 | $0.00 |
| 10 | NVIDIA Corp | NVDA | 6.67% | 0 | $0.00 |
| 11 | Square Inc | SQ | 6.67% | 0 | $0.00 |
| 12 | Micron Technolo.. | MU | 6.67% | 0 | $0.00 |
| 13 | Alphabet Inc | GOOGL | 6.67% | 0 | $0.00 |
| 14 | Netflix Inc | NFLX | 6.67% | 0 | $0.00 |
| 15 | Amazon.com Inc | AMZN | 6.67% | 0 | $0.00 |
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Sector Exposure
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund — it may not pay them, or history has not loaded yet.
Risk Statistics
| Volatility 1Y / 3Y | 88.43% / 84.89% | Sharpe 1Y / 3Y | -0.805 / -0.807 |
| Max drawdown 1Y / 3Y | -81.17% / -98.88% | Sortino 1Y | -1.09 |
| Beta vs S&P 500 (3Y) | -4.86 | Correlation vs S&P 500 (1Y) | -0.908 |
| Downside deviation 1Y | 65.09% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 17.34K | Average volume | 88.06K |
| AUM | $6.7M | Premium/Discount | +0.38% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $6.7M → $6.7M |
| 1 Week | -$96.8K | -1.45% | $6.7M → $6.7M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for BERZ
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.