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Global X
A swap-based Canadian equity fund, unhedged, for 0.25% 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 Suncor Energy Inc at 25.3%. Its performance can have a large effect on overall fund results. The top 10 holdings make up 88.9% of the portfolio.
| Concentration | Top 10 holdings = 88.9% of the fund | holdings↓ |
| Fee | 0.25% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Swap-based | holdings↓ |
How this fund works
Uses derivative contracts to receive the return of a reference asset or index rather than holding it directly.
Percentages are gross notional exposure, not money invested. Contracts can control more than the fund's assets.
This ETF uses total return swaps rather than holding the securities directly. Holdings shown are from the benchmark index it tracks, for information only. Swap structures may have different tax treatment and counterparty risk, consult a qualified advisor.
Top holding: Suncor Energy Inc 25.3% (concentrated) · Top sector: Energy 99.5% (single-sector) · Top region: United States 8.7% (global)
Energy 99.5%
United States 8.7%
Look-through via underlying funds.
The management fee was 0.25% a year, or about $25 for every $10,000 held. A swap fee applies on top of the management fee and sits outside this figure. 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 | $139M· net assets |
| Listed | 2013· 12 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | HXE.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Swap-based |
| Theme | Global Oil & Gas |
| Geography | Canada |
| Index tracked | S&P/TSX Capped Energy Index (Total Return) |
| Provider | Global X |
| Mgmt fee | 0.25% |
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Prices as of last close.
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