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About LONGPOINT ETF CORP MEGASHORT 3X CDN GOLD MINERS DAILY LEVER
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Inception date
May 29, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Distribution tax treatment
Ordinary income
Primary advisor
LongPoint Asset Management, Inc.
The fund as a levered inverse product, is not a buy-and-hold ETF, its a short-term tactical instrument. Like many leveraged inverse funds, it aims to deliver its -3x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline -3x exposure to Canadian companies active in the gold mining industry. The fund is market-cap-weighted, with individual constituents capped at 25% of the index weight. As a short-term instrument, the total cost of owning CGMD is more dependent on liquidity than management costs, knowledge of the benefits, risks and pitfalls of geared products is paramount. The USD exposure is not hedged.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CGMD assets under management is 4.35 M CAD. It's fallen 13.01% over the last month.
CGMD 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, CGMD doesn't pay dividends to its holders.
CGMD shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 29, 2025, and its management style is Passive.
CGMD follows the Solactive Canadian Gold Miners Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CGMD trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.