Fund Description
VanEck Vectors Currency Exchange-Traded Notes are senior, unsecured debt securities issued by Morgan Stanley that deliver exposure to the exchange rate of foreign currencies. The VanEck Vectors-Double Long Euro ETN seeks to track the performance of the Double Long Euro Index (DLONGEUR), less investor fees(1). As the Index is two-times leveraged, for every 1% strengthening of the euro relative to the U.S. dollar, the level of the Index will generally increase by 2%, while for every 1% weakening of the euro relative to the U.S. dollar, the Index will generally decrease by 2%. Investors may trade the ETN on an exchange at market price or receive, at maturity (including upon acceleration of the ETNs) or upon early redemption(2), a cash payment from the issuer based on Index performance, less investor fees(1).
Fund Profile
Fund Name VanEck Vectors Double Long Euro ETN
Fund Exchange Ticker URR
Fund Sponsor Van Eck Associates Corporation
Fund ISIN US6174802727
Net Expense Ratio 0.65 %
Fund Inception Date 6 May 2008
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Currency
Index Linked Passive
Index Name Double Long Euro Index
Index Provider Market Vectors
Currency Hedged No
Inverse / Leveraged Leveraged (2x)
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 1.27 Million (USD)
1 Month Total Return 5.54 %
Year To Date Return -4.33 %
1 Year Total Return -5.42 %
3 Year Annualized Total Return -2.43 %
NAV 15.72
Share Outstanding 80,950
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting