MicroSectors 3x Long Semiconductor ETNs
No trades
No trades
Key stats
Fund info
Home page
Inception date
Aug 5, 2026
Structure
Exchange-Traded Note
Replication method
Synthetic
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
ISIN
US06367V7257
CUSIP
06367V725
FIGI
BBG0243CH5Z1
Identifiers
ISIN US06367V7257
SMHU is a short-term trading tool, not buy-and-hold investment. The product is structured as an exchange traded note, which is an unsecured debt obligation of the issuing bank, thus introducing credit risk to traders of the shares. SMHU aims to provide 3x the daily closing price of the VanEck Semiconductor ETF (SMH), an ETF tracking a concentrated index of 25 largest semiconductor stocks, globally. The leverage of the note resets daily, so returns over any period longer than one day will differ from three times the return of SMH and losses compound. In a flat or choppy market, SMHU can produce losses due to the daily reset.
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
No, SMHU doesn't pay dividends to its holders.
SMHU shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Aug 5, 2026, and its management style is Passive.
SMHU expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
SMHU follows the VettaFi Semiconductor Fund-Tracking Index - USD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.