BETAPRO S&P 500-2X DAILY BEAR ETF (SPXD)

Profile

BetaPro S&P 500-2X Daily Bear ETF is an exchange-traded fund that seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, corresponding to two times (200%) the inverse of the daily performance of the S&P 500 Index. Denominated in Canadian dollars, it provides leveraged short exposure to the performance of this benchmark, which comprises 500 leading companies across key U.S. industries. The ETF achieves its objective through investments in financial derivatives, such as forward agreements, with leverage typically not exceeding two times its net asset value, alongside holdings in short-term debt instruments or money market securities for collateral. Designed for daily use, its returns over longer periods may differ significantly from the inverse performance of the index due to daily rebalancing and compounding effects, making it suitable for market-savvy investors seeking to hedge long positions or profit from short-term declines in large-cap U.S. equities without requiring a margin account. As part of the BetaPro suite of alternative mutual funds managed by Global X Investments Canada Inc., it employs strategies like leverage and short selling to offer amplified inverse exposure in a controlled structure.