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OILD makes a big and bearish one-day bet against a concentrated portfolio of US companies in the oil and gas exploration and production industry. The fund provides 300% daily inverse exposure to the price movements of the index. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by minimum average daily value traded over 1-month and 6-months. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILD is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| XOM | EXXON MOBIL CORP | 14.85% | $1.38M |
| CVX | CHEVRON CORP | 14.21% | $1.32M |
| COP | CONOCOPHILLIPS | 6.88% | $637.38K |
| SLB | SLB LTD | 6.68% | $618.86K |
| EQT | EQT CORP | 5.01% | $464.14K |
| OXY | OCCIDENTAL PETROLEUM CORP | 4.39% | $406.70K |
| EXE | EXPAND ENERGY CORP | 4.27% | $395.59K |
| EOG | EOG RESOURCES INC | 3.97% | $367.79K |
| HAL | HALLIBURTON CO | 3.90% | $361.31K |
| VLO | VALERO ENERGY CORP | 3.35% | $310.35K |
| BKR | BAKER HUGHES CO | 3.33% | $308.50K |
| FANG | DIAMONDBACK ENERGY INC | 3.07% | $284.41K |
| DVN | DEVON ENERGY CORP | 2.89% | $267.74K |
| PSX | PHILLIPS 66 | 2.72% | $251.99K |
| MPC | MARATHON PETROLEUM CORP | 2.63% | $243.65K |
| WMB | WILLIAMS COS INC | 2.63% | $243.65K |
| LNG | CHENIERE ENERGY INC | 2.42% | $224.20K |
| KMI | KINDER MORGAN INC | 2.29% | $212.15K |
| FTI | TECHNIPFMC PLC | 2.03% | $188.07K |
| CTRA | COTERRA ENERGY INC | 1.99% | $184.36K |
| OKE | ONEOK INC | 1.96% | $181.58K |
| AR | ANTERO RESOURCES CORP | 1.70% | $157.49K |
| OVV | OVINTIV INC | 1.44% | $133.41K |
| DINO | HF SINCLAIR CORP | 0.75% | $69.48K |
| DTM | DT MIDSTREAM INC | 0.64% | $59.29K |