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Production / Operations

SavvyLong ETFs change tickers, reduce mgmt fee slightly

By The Northwire Desk — AI Analysis Nov 13, 2025 · 16:10 NGUP · 15.29 SavvyLong Geared Natural Gas ETF
NGUP · Price

Executive Summary

  • LongPoint will change ticker symbols for its leveraged crude oil and natural gas “Savvy” ETFs effective November 17, 2025.
  • Management fees are reduced to 0.25% (with a temporary waiver to 0.25% until June 30, 2026), down from the prior 1.25%, representing a significant cost saving for investors.
  • The underlying investment objectives, strategies, and prospectus details of the ETFs remain unchanged.

Key Details

  • Ticker Change: New ticker symbols (listed in the attached table) will be reflected on the Toronto Stock Exchange when markets open on Nov 17, 2025.
  • Fee Reduction: Management fee lowered from 1.25% to 0.25%; a temporary waiver reduces it further to 0.25% until June 30, 2026. Example: a $10,000 holding would cost ~​$0.07 per day versus $0.34 previously.
  • ETF Structure: The Savvy ETFs provide up to 2× leveraged or ‑2× inverse exposure to USD‑based crude oil and natural gas futures; leverage ratio remains at 2.0×.
  • No Change to Prospectus: Investment objectives, strategies, names, and CUSIPs remain the same as outlined in each ETF’s prospectus.
  • Operating Expenses: Operating expenses (MER) and trading costs (TER) continue to apply unchanged.
  • Company Background: LongPoint entered the leveraged‑ETF market in Dec 2024; since then it has launched Canada’s first triple‑levered index ETFs, double‑levered single‑stock ETFs linked to U.S. equities, and recently expanded into Canadian equity leveraged products.

Notable Quotes

“With these ticker symbol changes, LongPoint is relaunching these rules‑based leveraged crude oil and natural gas Savvy ETFs with more recognizable tickers… The fee reduction to 0.25 per cent … is a great reason for active Canadian investors to consider these ETFs.” – Steve Hawkins, CEO, LongPoint Asset Management

“Our team brings over 70 years of combined ETF experience… designed as specific tools for knowledgeable, sophisticated Canadian investors who want high‑conviction short‑term trading strategies on energy commodities without FX hedging complications.” – Steve Hawkins

Read the original news release →