Fund Description
The VelocityShares Long 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 Long LIBOR Index, subject to certain fees described in the prospectus available at the link below. The Janus Velocity Long LIBOR Index aims to approximate the daily performance of a hypothetical long investment in a composite forward LIBOR rate, as if the composite forward LIBOR rate itself were an asset that could be invested in, subject to a long 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 Long LIBOR ETN
Fund Exchange Ticker ULBR
Fund Sponsor Velocity Shares
Fund ISIN US17325K7431
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 Bonds - Money Market
Asset Class Bonds
Index Linked Passive
Index Name Janus Velocity Long LIBOR Index
Index Provider Janus Index & Calculation Services LLC
Currency Hedged No
Inverse / Leveraged Not Applicable
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 21 August 2019
Asset Under Management 5.99 Million (USD)
1 Month Total Return -14.31 %
Year To Date Return -37.89 %
1 Year Total Return -45.09 %
3 Year Annualized Total Return
NAV 20.3024
Share Outstanding 295,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting