Fund Description
The VelocityShares 3x Long Natural Gas ETNs linked to the S&P GSCI Natural Gas Index ER (the ETNs ) are senior, unsecured obligations of Credit Suisse AG ( Credit Suisse ) acting through its Nassau branch. The ETNs seek to provide long exposure to three times (3x) the daily performance of the S&P GSCI Natural Gas Index ER (the Index ) plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee. The ETNs are intended to provide traders with an exchange traded instrument enabling them to efficiently express their market views on the NYMEX natural gas future.
Fund Profile
Fund Name VelocityShares 3x Long Natural Gas ETN
Fund Exchange Ticker UGAZ
Fund Sponsor Velocity Shares
Fund ISIN US22539T2179
Net Expense Ratio 1.65 %
Fund Inception Date 7 February 2012
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Commodities & Metals
Index Linked Passive
Index Name S&P GSCI Natural Gas Index ER
Index Provider S&P DJ Indices
Currency Hedged No
Inverse / Leveraged Leveraged (3x)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 509.83 Million (USD)
1 Month Total Return -31.56 %
Year To Date Return -55.67 %
1 Year Total Return -73.55 %
3 Year Annualized Total Return -63.20 %
NAV 18.0385
Share Outstanding 28,263,500
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting