Description

HOU is an exchange-traded fund designed to generate daily investment returns that closely approximate twice (200%) the daily performance of the BetaPro Crude Oil Rolling Futures Index. This target is calculated prior to the subtraction of fees, expenses, distributions, brokerage commissions, and other transaction costs. It is crucial to understand that this leveraged investment objective is strictly applicable to a single day's performance and is not intended to be maintained over periods longer than one day. All of HOU's financial activities and valuations are denominated in Canadian dollars. Typically, the fund manager aims to keep the leverage ratio as near to 200% as practically possible during normal market circumstances. Nevertheless, the manager retains the sole authority to modify this leverage ratio, should they deem it necessary based on their assessment of current crude oil futures market conditions and discussions with the ETF’s associated counterparties.