Fund Description
The Long Securities are linked to the VSTOXX Short-Term Futures Investable Index (the Long Investable Index ). The Long Investable Index replicates the performance of a long position in a portfolio of VSTOXX futures designed to provide a long exposure to constant-maturity one-month forward, one-month implied volatilities on the underlying EURO STOXX 50 Index, taking into account the bid-ask spread in the roll procedure, which will reduce the value of the Long Investable Index, and therefore the Long Securities. The Long Investable Index c ontinuously rolls on a daily basis from the first month VSTOXX futures contract to the second month contract. As a result of th eir long exposure to VSTOXX futures, the Long Securities are more likely to increase in value when the volatility of European equities increases and more likely to decrease in value when the volatility of European equities decreases.
Fund Profile
Fund Name VelocityShares 1X Long VSTOXX Futures ETN
Fund Exchange Ticker EVIX
Fund Sponsor Velocity Shares
Fund ISIN US90274E8286
Net Expense Ratio 1.35 %
Fund Inception Date 2 May 2017
Fund Legal Structure ETN
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Passive
Index Name VSTOXX Short-Term Futures Investable Index
Index Provider Stoxx
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent Europe
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 2.36 Million (USD)
1 Month Total Return -3.52 %
Year To Date Return -52.64 %
1 Year Total Return -29.94 %
3 Year Annualized Total Return
NAV 5.89268
Share Outstanding 400,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting