Fund Description
The UBS ETRACS - ProShares Daily 3x Long Crude ETN (NYSE: WTIU) ( WTIU or the ETN ) is an exchange-traded note linked to the daily compounded 3x leveraged performance of the Bloomberg WTI Crude Oil Subindex ER, less investor fees. WTIU has been approved for listing on the NYSE Arca exchange (subject to official notice of issuance). WTIU will benefit from an increase 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 Long Crude ETN
Fund Exchange Ticker WTIU
Fund Sponsor UBS
Fund ISIN US90274E1174
Net Expense Ratio 1.45 %
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 Leveraged (3x)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Energy
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 11.13 Million (USD)
1 Month Total Return -42.71 %
Year To Date Return 26.64 %
1 Year Total Return -64.94 %
3 Year Annualized Total Return
NAV 10.862
Share Outstanding 1,025,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting