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LongPoint
A U.S. equity index fund: 489 stocks, 70% United States, hedged to Canadian dollars, for 1.08% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Concentrated in one holding. The largest holding is BetaPro NASDAQ-100® 2x Daily Bull ETF at 29.3%. Its performance can have a large effect on overall fund results. The top 10 holdings make up 55.4% of the portfolio.
Top holding: BetaPro NASDAQ-100® 2x Daily Bull ETF 29.3% (concentrated) · Top sector: Technology 34.2% (sector-tilted) · Top region: United States 69.8% (region-tilted)
Technology 34.2%·Financials 13.7%·Consumer Discretionary 11.6%·Healthcare 10.4%·Communication Services 9.6%·Other 7.6%·Other (locked) 12.9%
United States 69.8%·Canada 28.8%·Europe 1.3%·LR 0.1%
Look-through via underlying funds.
The management fee was 1.08% a year, or about $108 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $4M· net assets |
| Leverage / overlay | None |
What moved the price
| Ticker | FORU.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Geography | United States |
| Index tracked | ForAll Core & More U.S. Equity Index |
| Provider | LongPoint |
| Mgmt fee | 1.08% |
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Prices as of last close.
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