Key stats
About SavvyLong Geared Crude Oil ETF
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Inception date
Nov 29, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
ISIN
CA54315B8472
The fund is a leveraged ETF, and like all geared products, is intended to be held only for short periods. It is not appropriate for buy-and-hold investors. The fund provides up to 2x the return of a crude oil futures index on a daily basis. The index consists of two rolling crude oil future components weighted based on settlement and expiry signals. Daily compounding of returns can lead to the fund's returns varying significantly from the 2x exposure over a longer holding period. The fund is a tactical tool, so trading costs and volume matter.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash89.34%
Miscellaneous10.66%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, CLUP doesn't pay dividends to its holders.
CLUP shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Nov 29, 2024, and its management style is Passive.
CLUP follows the Solactive Crude Oil Rolling Futures Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CLUP invests in cash.
CLUP trades at a premium (1.42%) meaning the ETF is trading at a higher price than the calculated NAV.