Key stats
About SavvyLong Geared Natural Gas ETF
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Inception date
Nov 29, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
LongPoint Asset Management, Inc.
Identifiers
3
ISIN CA54315B8399
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 natural gas futures index on a daily basis. The index consists of two rolling natural gas 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
Bonds, Cash & Other100.00%
Cash110.02%
Miscellaneous−10.02%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GASU assets under management is 3.19 M CAD. It's fallen 6.27% over the last month.
GASU fund flows account for 0.00 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, GASU doesn't pay dividends to its holders.
GASU 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.
GASU follows the Solactive Natural Gas Rolling Futures Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GASU invests in cash.
GASU price has fallen by −2.14% over the last month, and its yearly performance shows a −64.63% decrease. See more dynamics on GASU price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.23% over the last month, showed a −25.37% decrease in three-month performance and has decreased by −64.81% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.23% over the last month, showed a −25.37% decrease in three-month performance and has decreased by −64.81% in a year.
GASU trades at a premium (2.57%) meaning the ETF is trading at a higher price than the calculated NAV.