EXIV

Fund Description
The Inverse Securities are linked to the VSTOXX Short-Term Futures Inverse Investable Index (the Inverse Investable Index ). The Inverse Investable Index replicates the performance of a short position in a portfolio of VSTOXX futures designed to provide a short 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 and the daily reset costs, which will reduce the value of the Inverse Securities. The Inverse Investable Index continuously rolls on a daily basis from a short position in the first month VSTOXX futures contract to a short position in the second month contract. As a result of their short exposure to VSTOXX futures, the Inverse Securities are more likely to increase in value when the volatility of European equities decreases and more likely to decrease in value when the volatility of European equities increases.
Fund Profile
Fund Name VelocityShares 1X Daily Inverse VSTOXX Futures ETN
Fund Exchange Ticker EXIV
Fund Sponsor Velocity Shares
Fund ISIN US90274E8104
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 Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name VSTOXX Short-Term Futures Inverse Investable Index
Index Provider Stoxx
Currency Hedged No
Inverse / Leveraged Inverse (-1)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent Europe
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 14.44 Million (USD)
1 Month Total Return 4.23 %
Year To Date Return 72.53 %
1 Year Total Return -2.56 %
3 Year Annualized Total Return
NAV 36.1018
Share Outstanding 400,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting