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Production / Operations

LongPoint Changes Tickers and Reduces Fees on Commodity ETFs

By The Northwire Desk — AI Analysis Nov 13, 2025 · 07:01 GAS · 4.05 None
GAS · Price

Executive Summary

  • Effective Nov 17 2025 LongPoint will change the ticker symbols of its leveraged crude oil and natural gas ETFs to more recognizable codes on the TSX.
  • Management fees are being reduced from 1.25% (pre‑rebate 1.15%) to an effective 0.25% through June 30 2026, a substantial fee cut for short‑term investors.
  • The underlying investment objectives, strategies, prospectus details and CUSIPs of the Savvy ETFs remain unchanged.

Key Details

  • Ticker changes:
  • SavvyLong Geared Crude Oil ETF – CLUP → OILU
  • SavvyShort Geared Crude Oil ETF – CLDN → OILD
  • SavvyLong Geared Natural Gas ETF – NGUP → GASU

  • SavvyShort Geared Natural Gas ETF – NGDN → GASD

  • Fee schedule (pre‑rebate / post‑rebate / effective fee until 30 Jun 2026):

  • All four ETFs: 1.25% → 1.15% → 0.25%

  • Cost illustration: $10,000 invested would have incurred a 24‑hour management‑fee cost of ≈ $0.34 at the prior 1.25% rate; under the new 0.25% rate the same holding costs ≈ $0.07.

  • The ETFs continue to provide up to 2× leveraged or –2× inverse exposure to USD‑based crude oil and natural gas futures, with daily rebalancing and no FX hedging.

  • No changes to prospectus language, investment objectives, strategy, CUSIP numbers, MER or TER aside from the fee rebate.

  • The ticker updates are expected to be reflected on the Toronto Stock Exchange when markets open on Nov 17 2025.

Notable Quotes

“With these ticker symbol changes… and the fee waiver to 0.25% management fee until June 30 2026, is a great reason for active Canadian investors to consider these ETFs.” – Steve Hawkins, CEO, LongPoint Asset Management Inc.

Read the original news release →