Description

HND aims to deliver daily investment results that inversely mirror, with up to two times (200%) leverage, the daily performance of the BetaPro Natural Gas Rolling Futures Index. This objective is considered prior to the deduction of various costs, including fees, expenses, distributions, and trading commissions. It is crucial to understand that HND's investment goal is exclusively for a single day's performance and is not intended to be sustained over longer periods. The fund is denominated in Canadian dollars. Under typical market circumstances, the manager endeavors to maintain HND's leverage ratio as close to 200% as practically achievable. Nevertheless, the manager retains the sole discretion to adjust this leverage ratio, taking into account current market conditions for natural gas futures contracts and ongoing discussions with the ETF's counterparty firms.