Szp????????What on earth is Szp??????
This is an ETF, not a split fund and it has a declared dividend, not based on its present value as a percentage.
It also has a lousy chart, right from inception and the name change of the ETF in 2022.
I presently own it, simply because it appears to be a relatively less volatile environment under present market conditions and it appears to be close to or just coming off a leveling bottom and making an attempt to climb out of its recent depression.
They did cut the dividend from 15 cents and that helped.
All of the ten companies in this ETF are relatively highly leveraged and if the price of oil/gas wasn't rising in step or slightly ahead of interest rates, this thing would tank.
It isn't an investment vehicle you want to fall in love with or sock away as a forever thing.
Stay nimble.
I've been trying to figure out what the ROC is but it appears to be quite low and the figures tend to be confusing for my abilities to understand.
The administrative costs are low, so not an issue for the investor.
If you're purchasing this through an investment broker, make sure he/she has your best interests at heart.
This isn't an investment vehicle to be taken for granted. If energy prices plunge and profits of the vehicles within this ETF plunge, the price of this ETF will plunge accordingly.
We aren't investing in normal times right now.
GLTA the good folks here.