The MicroSectors™ U.S. Big Oil Index Exchange Traded Notes (ETNs) are linked to the performance of the Solactive MicroSectors™ U.S. Big Oil Index.
Each ETN offers investors a return based on changes in the level of the Solactive MicroSectors™ U.S. Big Oil Index on a daily compounded basis, before taking into account fees.
Each ETN has a specified leverage factor that is reset daily. This fact sheet relates to separate ETN offerings.
Each issue of the ETNs is linked to one, and only one, ETN below. Each ETN seeks a return on the underlying index for a single day. The ETNs are not “buy and hold” investments and should not be expected to provide its respective return of the underlying index’s cumulative return for periods greater than a day.
What Is the Solactive MicroSectors™ U.S. Big Oil Index
The Solactive MicroSectors™ U.S. Big Oil Index includes the 10 U.S. stocks in the energy sector (specified below) with the largest free-float market capitalization.
The index’s underlying composition is equally weighted across all stocks. While the performance of indices weighted by market capitalization can be dominated by a few of the largest stocks.
SOLACTIVE MICROSECTORS™ U.S. BIG OIL INDEX COMPONENTS*
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