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Global X
An enhanced technology equity fund with modest borrowed exposure (about 1.25x). Fee 0.49% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
1.25x leveraged exposure to Nasdaq-100 Index. The fund uses a modest amount of borrowed money to increase its exposure, which amplified both gains and losses and added borrowing costs. It tracks the Nasdaq-100 Index.
Top holding: NVIDIA Corp 8.1% (broad) · Top sector: Technology 58.5% (single-sector) · Top region: United States 96.5% (single-country)
Technology 58.5%·Communication Services 14.2%·Consumer Discretionary 11.4%·Consumer Staples 6.4%·Healthcare 3.7%·Other 2.8%·Other (locked) 2.9%
United States 96.5%·Europe 2.3%·Canada 0.8%·Emerging Markets 0.4%
Look-through via underlying funds.
The management fee was 0.49% a year, or about $49 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 | $15M· net assets |
| Listed | 2024· 2 years of history |
| Leverage / overlay | Modest leverage (borrowing) |
What moved the price
| Ticker | QQQL.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Leveraged |
| Theme | Broad Technology |
| Geography | United States |
| Index tracked | Nasdaq-100 Index |
| Provider | Global X |
| Mgmt fee | 0.49% |
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Prices as of last close.
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