The MegaShort (-3X) US Semiconductors Daily Leveraged Alternative ETF seeks to replicate three times inverse (-3X) of the daily performance of the Solactive US Semiconductor 30 Capped Index, which is calculated in U.S. dollars, before fees and expenses. SOXD does not hedge its currency exposure to the U.S. dollar.
The Solactive US Semiconductor 30 Capped Index is a stock market index tracking the total return of largest 30 securities in the semiconductors industry listed on stock exchanges in the United States. The index is rebalanced quarterly.
This ETF is an alternative mutual fund, as such, SOXD is permitted to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds.
This ETF is highly speculative. SOXD uses a significant amount of leverage which magnifies gains and losses. It is intended for use in daily or short-term trading strategies by very knowledgeable, sophisticated investors. If you hold this ETF for more than one day, your return could vary considerably from the ETF's daily target return. The negative effect of compounding on returns is more pronounced when combined with leverage and daily rebalancing in volatile markets. SOXD is not suitable for investors who do not intend to actively monitor and manage their investments.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
All ETFs, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the LongPoint ETFs are designed to be as diversified as the original indices they seek to track and may provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment.
The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
All monetary figures are expressed in Canadian dollars unless otherwise noted.
All data contained herein is provided “as is” and LongPoint makes no representation or warranty of any kind ,either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. LongPoint expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.