VelocityShares Daily Inverse VIX ST ETN

The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Short-Term Futures index.
The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.

Key stats

Management firm  Credit Suisse AG
Domicile  United States
Global Branding Name  Credit Suisse
Fund currency  USD
Launch Date  2010-11-29
ISIN  US22542D7957
Manager 1 Name  Management Team
Fund Strategy  Volatility
Benchmark  S&P 500 VIX Short Term Futures TR USD
Fund Structure  Uncollateralized Debt Instrument
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  10.94%
Return - 2 Months  -4.37 %
Return - 3 Months  10.74%
Return - 6 Months  36.73 %
Return - 9 months  31.39 %
Return - 12 Months  82.98%
Annualized return 24 months  76.11 %
Annualized return 36 months  76.06 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  47.59%
Return YTD  25.28%

Charges

Initial  0.00 %
Maximum Managment Charge  1.35 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact name  Alexander Held
Contact Address  Credit Suisse
Contact Address 2  Paradeplatz 8
Contact Address 3  Switzerland
Contact city  Zurich
Contact country  Switzerland
Fund Admin Group  Credit Suisse AG
Web Address  https://www.credit-suisse.com
Email contact  distribution.amfund@credit-suisse.com
Phone  +41 44 333 40 50

Price

Last Price Date  2014-09-17
Pre-tax nav  44.03
Pre-tax offer  43.98
Pre-tax bid  43.90
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.45
Price change (percentage)  1.03 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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