Fund Description
The UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (NYSE: WTID) ( WTID or the ETN ) is an exchange-traded note linked to the daily compounded 3x leveraged inverse performance of the Bloomberg WTI Crude Oil Subindex ER, less investor fees. WTID has been approved for listing on the NYSE Arca exchange (subject to official notice of issuance). WTID will benefit from an decrease in the index level. The Index is an excess return index that comprises 1 to 3 month exchange-traded futures contracts on a single commodity (West Texas Intermediate crude oil) and is a subindex of the Bloomberg Commodity Index (Bloomberg: BCOM) and a member of the Bloomberg Commodity Indices family. The Index is designed to measure the returns that are potentially available through an unleveraged investment in rolling West Texas Intermediate crude oil futures contracts traded on major commodity exchanges. The futures contracts are never taken to delivery, and are instead rolled forward into replacement contract every other month. The performance of the Index is primarily determined by the timing of the roll and the relative price movements of the incoming contract and the outgoing contract. The WTI crude oil futures contracts tracked by the Index roll approximately every other month to the contract that is two months longer in maturity. The Index provides investors with a benchmark for rolling futures contracts in this single commodity.
Fund Profile
Fund Name UBS ETRACS - ProShares Daily 3x Inverse Crude ETN
Fund Exchange Ticker WTID
Fund Sponsor UBS
Fund ISIN US90274E1257
Net Expense Ratio 1.85 %
Fund Inception Date 4 January 2017
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 Bloomberg WTI Crude Oil Subindex
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 4.12 Million (USD)
1 Month Total Return 67.66 %
Year To Date Return -40.37 %
1 Year Total Return 10.94 %
3 Year Annualized Total Return
NAV 10.3098
Share Outstanding 400,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting