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Global X
A futures-based commodity fund, hedged to Canadian dollars, for 0.75% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Commodity futures exposure. Returns are driven by the underlying commodity basket and the way futures contracts are rolled over time. It tracks the Solactive Light Sweet Crude Oil Winter MD Rolling Futures ER.
| Fee | 0.75% per year | costs↓ |
| Currency | CAD-hedged | facts↓ |
| Wrapper | Futures-based | holdings↓ |
This fund gives exposure to a single commodity. Its return tracks the commodity price, plus any currency or futures-roll effects. There is nothing to diversify across.
How this fund works
Returns come from futures contracts rather than ownership of the listed reference assets.
Percentages are gross notional exposure, not money invested. Contracts can control more than the fund's assets.
Source: fund provider disclosure.
The management fee was 0.75% a year, or about $75 for every $10,000 held. A futures-based fund also carries a contract-roll cost that is reflected in returns, not in this fee. 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 | $53M· net assets |
| Listed | 2009· 17 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | HUC.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Commodities |
| Structure | Futures-based |
| Theme | Energy Commodities |
| Index tracked | Solactive Light Sweet Crude Oil Winter MD Rolling Futures ER |
| Provider | Global X |
| Mgmt fee | 0.75% |
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Prices as of last close.
What Premium adds