Fund Description
The VelocityShares Short LIBOR ETNs are exchange-traded notes issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc. The ETNs will provide investors with a cash payment at scheduled maturity or upon early redemption or acceleration based on the performance of the Janus Velocity Short LIBOR Index, subject to certain fees described in the prospectus available at the link below. The Janus Velocity Short LIBOR Index aims to approximate the daily performance of a hypothetical short position in a composite forward LIBOR rate, as if the composite forward LIBOR rate itself were an asset that could be shorted, subject to a short LIBOR floor and to the effects of carry, decay and a contract spread, all as described in the prospectus available at the link below. Investors should exercise caution in trading the ETNs between 3:00 p.m. and 4:00 p.m., New York City time. During this time period, due to delays in the publication of the closing level of the applicable Index (which is based on Eurodollar futures trading as of 3:00 p.m. but is not published until after 4:00 p.m.), there is expected to be uncertainty about the intrinsic value of the ETNs. The published intraday indicative value will not be based on fully up-to-date information (which will not be available) during this time period, and trading prices during this time period are likely to diverge from the published intraday indicative value.
Fund Profile
Fund Name VelocityShares Short LIBOR ETN
Fund Exchange Ticker DLBR
Fund Sponsor Velocity Shares
Fund ISIN US17325K5294
Net Expense Ratio 1.50 %
Fund Inception Date 15 August 2017
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Bonds
Index Linked Passive
Index Name Janus Velocity Short LIBOR Index
Index Provider Janus Index & Calculation Services LLC
Currency Hedged No
Inverse / Leveraged Inverse (-1)
Developed / Emerging Developed Market Funds
Bond Type Money Market
Credit Quality Investment Grade Only
Average Maturity <1 year
Bond Currency Denomination GBP
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 3.20 Million (USD)
1 Month Total Return 15.96 %
Year To Date Return 31.53 %
1 Year Total Return 39.04 %
3 Year Annualized Total Return
NAV 25.6049
Share Outstanding 125,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting