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LongPoint ETFs
A 3x daily inverse semiconductor fund: resets daily, built for short holding periods. Fee 1.55% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Leveraged inverse exposure to Solactive US Semiconductor 30 Capped Index. This fund is built for amplified inverse daily moves. Daily reset and compounding can produce longer-period results that differ materially from a simple opposite multiple of the reference market.
Top holding: Micron Technology Inc 13.0% (tilted) · Top sector: Technology 99.2% (single-sector) · Top region: United States 97.5% (single-country)
Technology 99.2%
United States 97.5%·Europe 1.7%
Source: fund provider disclosure.
The management fee was 1.55% a year, or about $155 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 | $4M· net assets |
| Listed | 2025· 1 years of history |
| Leverage / overlay | 3x inverse (daily reset) |
What moved the price
| Ticker | SOXD.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Inverse |
| Theme | Semiconductors |
| Geography | United States |
| Index tracked | Solactive US Semiconductor 30 Capped Index |
| Provider | LongPoint ETFs |
| Mgmt fee | 1.55% |
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Prices as of last close.
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