Share-split context: A reverse split was recorded on Feb 9, 2026 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Educational Report: FNGD (Bank of Montreal)

What this ETF is trying to do

FNGD is an ETF traded on the NYSE. Based on its top holdings, this fund provides exposure to several large technology companies. Its portfolio includes companies like Micron Technology Inc, Meta Platforms Inc, Palantir Technologies, and NVIDIA Corp.

What the numbers show

The data shows a significant decline in the share price over various timeframes. Because this ETF has a history of splits, we use split-adjusted returns to look at performance.

• Year-to-Date (YTD) Price Return: Approximately -56.87%

• One-Year Price Return: Approximately -55.78%

• Three-Year Price Return: Approximately -97.44%

• Five-Year Total Return: Approximately -99.52%

In this case, the price return and the total return figures are the same, as no distributions were made.

It is important to note that this ETF has a history of reverse splits. A reverse split occurs when multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not restore lost investment value. This fund has had four reverse split events.

Income and distribution explanation

FNGD currently shows no history of paying out cash to investors. There is a 0% distribution yield, and no distributions were detected over the last 12 months.

NAV erosion explanation

This ETF has a severe erosion-risk flag. The data shows an erosion score of 10, which is labeled as "Severe price erosion." This means the split-adjusted price trend has triggered a high-risk warning.

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. While the market price has dropped significantly, we cannot use these figures to prove whether the actual Net Asset Value (NAV) itself has declined.

Pros

• The fund provides concentrated exposure to major technology companies like Meta, NVIDIA, and Microsoft.

Cons

• The fund has experienced very high levels of price decline over the last one, three, and five years.

• There is a severe erosion-risk flag due to the significant drop in share price.

• The fund does not provide any distribution income.

Beginner takeaway

When researching ETFs, it is important to look at more than just the names of the companies held inside. For FNGD, the historical data shows a very sharp decline in share price over several years. Investors should also be aware that a history of reverse splits and a high erosion-risk score are important factors to understand when looking at price trends.