Canadian ETF knowledgebase
The fund seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the NYMEX natural gas futures contract for the next January delivery month.
As the ETF is denominated in Canadian dollars, any U.S. dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of the ETF's ability.
The Referenced Futures Contract for this ETF is the:
The Fund utilizes a Forward Agreement structure to gain exposure to the target portfolio.
Be aware that the forward structure adds additional costs to the ETF. These costs are not included in the MER.
|Category (main)||Natural Gas|
|Underlying Index||No Index. Referenced Futures Contract: NYMEX Natural Gas contract for the next January delivery month|
|ETF Structure||Passive type. Endeavours to return the target futures contract return for the next January delivery month before before fees/costs|
|Sub-Asset Class||Natural Gas|
|Issuer||Horizons ETFs (Canada)|
|ETF Home Page||Available here|
|Inception Date||June 25, 2009|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.58% *|
|Forward Structure Costs||0.30%|
* 2011, 2010 (0.98%)
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||No|
|PACC Plan available **||No|
|SWP available **||No|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.