Fund Description
The VelocityShares Daily Inverse VIX Medium-Term ETNs (the ETNs ) are senior, unsecured obligations of Credit Suisse AG ( Credit Suisse ) acting through its Nassau branch. The return on the ETNs is linked to the inverse of the daily performance of the S&P 500 VIX MidTerm Futures Index ER less the investor fee. The ETNs provide traders with an exchange traded instrument enabling them to efficiently express their market views on the medium-term futures contracts on the CBOE SPX Volatility Index (the VIX ). The ETNs do not guarantee any return of principal at maturity and do not pay any interest during their term.
Fund Profile
Fund Name VelocityShares Daily Inverse VIX Medium Term ETN
Fund Exchange Ticker ZIV
Fund Sponsor Velocity Shares
Fund ISIN US22542D8294
Net Expense Ratio 1.35 %
Fund Inception Date 29 November 2010
Fund Legal Structure ETN
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name S&P 500 VIX Mid-Term Futures Index Excess Return
Index Provider S&P DJ Indices
Currency Hedged No
Inverse / Leveraged Inverse (-1)
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 90.04 Million (USD)
1 Month Total Return 0.23 %
Year To Date Return 20.58 %
1 Year Total Return -6.03 %
3 Year Annualized Total Return 25.07 %
NAV 72.7333
Share Outstanding 1,238,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting