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ETF ProvidersBMODULL
DULL
US0636793442
Passive ETNCommodity

DULL ETN · MicroSectors Gold -3x Inverse Leveraged ETN - USD

The DULL Exchange Traded Note (ETN) is provided by BMO. It is built to track an index: LBMA London Gold Market Fixing Price PM Index. The dividend policy is capitalization.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofInverse Commodity1M perf.-17.96%
Last price
$44.47
1M perf.
-9.12%
1M flows
+€376K
AuM
€9.5M
E/R
0.95%
Rating
Not rated
ESG Consensus®
esg grade icon
DULL
$44.47

Performance & flows

December 11, 2025 → March 11, 2026
0-60-50-40-30-20-100%JANFEBMAR
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DULL
$40.49
-53.61%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-9.12%
-53.61%
-87.09%
-96.31%
N/A
+3.34%
-51.85%
-51.85%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) · 
Main characteristics
Issuer
CUSIP
063679344
ISIN
US0636793442
AuM
€9.5M
E/R
0.95%
Replication rating
Not rated
ESG Consensus®
esg grade icon
More details
NAV
3/11/2026
$40.49
1D NAV change
+1.03%
Dividend policy
No income
Replication method
Other
Replication model
Other
No. of holdings
N/A
Inception date
2/21/2023
Jurisdiction
United States
Distribution
United States
Legal structure
Debt instrument
Base currency
USD
Classification
Investment strategy
The MicroSectors™ Gold Exchange Traded Notes (ETNs) are linked to the performance of the SPDR® Gold Shares ETF. Each ETN offers investors a return based on changes in the level of the SPDR® Gold Shares ETF, compounded daily, before taking into account fees. Each ETN has a specified leverage factor that is reset daily. This fact sheet relates to two separate ETN offerings.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Historical risk/return profile

3M1Y3Y5Y
Returns
-53.61%
-87.09%
-96.31%
N/A
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

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Sustainability

Integrates ESG criteria
No
SDG
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Issuer

BMO
BMO ID Card
Number of funds
276
Total AuM
€114.93B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4463%

Frequently asked questions about DULL

What does MicroSectors Gold -3x Inverse Leveraged ETN - USD, DULL, invest in?

DULL is a Passive ETF. This ETN provides inverse exposure (-3x) to Gold.

Which benchmark or index does DULL replicate?

DULL tracks the LBMA London Gold Market Fixing Price PM Index - USD, through a replication method.

What is the Total Expense ratio (TER) of DULL?

DULL carries a total expense ratio (TER) of 0.95%, indicating the annual cost for holding the fund.

When was DULL launched?

DULL was introduced to the market on February 21, 2023. It trades on United States

Who is the ETF issuer of DULL?

MicroSectors Gold -3x Inverse Leveraged ETN - USD, DULL, is provided by BMO. Learn more about BMO here.

What is the current assets under management (AUM) of DULL?

DULL oversees €9.5M in assets as of March 11, 2026.

How has DULL performed lately?

Based on data from March 11, 2026, DULL returned -9.12% over the past month, -53.61% over the last three months and -51.85% year-to-date.

What are the latest inflows or outflows for DULL?

As of March 11, 2026, DULL recorded net flows of +€384K over the last month and +€384K year-to-date.

What is the base currency of DULL?

The base currency of DULL is USD.

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