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BetaPro ETFs
A 2x daily leveraged Canadian fund: resets daily, built for short holding periods. Fee 1.15% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
2x leveraged exposure to S&P/TSX Capped Energy Index. The main driver is the fund's leverage structure rather than holdings concentration alone. Over longer periods, results can differ from simply multiplying the benchmark return. It tracks the S&P/TSX Capped Energy Index.
Top holding: Suncor Energy Inc 25.3% (concentrated) · Top sector: Energy 99.5% (single-sector) · Top region: Canada 100.0% (single-country)
Energy 99.5%
Canada 100.0%
Look-through via underlying funds.
The management fee was 1.15% a year, or about $115 for every $10,000 held. Daily-reset leverage adds borrowing and derivative costs that are reflected in the fund's returns rather than 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 | $44M· net assets |
| Listed | 2007· 19 years of history |
| Leverage / overlay | 2x leveraged (daily reset) |
What moved the price
| Ticker | NRGU.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Leveraged (derivatives) |
| Theme | Global Oil & Gas |
| Geography | Canada |
| Index tracked | S&P/TSX Capped Energy Index |
| Provider | BetaPro ETFs |
| Mgmt fee | 1.15% |
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Prices as of last close.
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