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Global X
A 3x daily inverse semiconductor 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:
Leveraged inverse exposure to NYSE Semiconductor 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: Nvidia Corp 8.5% (broad) · Top sector: Technology 100.0% (single-sector) · Top region: United States 88.9% (single-country)
Technology 100.0%
United States 88.9%·Emerging Markets 7.0%·Europe 4.1%
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 | $30M· net assets |
| Leverage / overlay | 3x inverse (daily reset) |
What moved the price
| Ticker | SOXS.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Equity |
| Structure | Inverse |
| Theme | Semiconductors |
| Geography | United States |
| Index tracked | NYSE Semiconductor Index |
| Provider | Global X |
| Mgmt fee | 1.15% |
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Prices as of last close.
What Premium adds