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ISIN: XS2595675641

Short Volatility Long Tech

The Short Volatility Long Tech Investment Strategy seeks to profit from the volatility curve (as measured by the VIX short-term futures) being usually in “contango”. To do so, it will aim to assume (A) a long position in the Invesco QQQ Trust, Series 1 (“QQQ”) and (B) a short position on the iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs (“VXX”) of at least 15%. “Contango” refers to a situation in which futures contracts with further expiries are more expensive than futures contracts with shorter expiries.
NAV as of

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52 WK:

1 Day NAV Change
as of
NAV Total Return
YTD:
as of
AUM
as of

Why Short Volatility Long Tech ETP?

Profit from “contango”
During “normal” market conditions, the short-term VIX futures are usually in “contango” and will lose value with each passing day if the VIX index does not increase. In this state, shorting ETPs that continuously roll VIX futures contract at expiration futures (such as VXX) is expected to generate profits.
Convenience
In a single trade, get exposure to a strategy that aims to profit from both (i) the appreciation of the QQQ and (ii) the decay of VIX futures, without the hassle of rolling and maintaining volatility futures or options.
Trustworthy
  1. Trusted and experienced management team.
  2. Offered in USD, EUR and GBP.
  3. The cash proceeds from shorting volatility yield a return.

Structure

Structure

ETP

Domicile

Ireland

Replication Method

Physical

Dividents

Reinvested

Underlying Asset

QQQ, Short VXX and Cash

Target Weights

Short Volatility: Higher of (i) 15% or (ii) exposure to VXX on the last valuation Date of the immediately preceding calendar quarter QQQ: 100%

Rebalance Frequency

Quarterly.The Portfolio Administrator has discretion to rebalance at any time if the short exposure to volatility exceeds 35%.

Fees, Tax & Legal

Annual Management Fee

1%

Performance Fee

10%(subject to "high water mark")

Interest Paid On Cash Balances

Fed Funds Effective (Overnight Rate) - 1%

Today's Borrow Rate

0.00

SIPP / ISA eligible

Eligible

UK Fund Reporting Status

US IRS Sec 871(m)

Not applicable

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

Performance

As of

Summary

1D

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1M

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3M

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YTD Return

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1Y

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ALL (Annualized)

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ALL (Cumulative)

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Volatility

Annualized Vol

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52 Week

52 Week High

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52 Week Low

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Turnover

Daily Volume

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3M Average
Turnover

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Summary

1D

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1M

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3M

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YTD Return

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1Y

-

ALL (Annualized)

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ALL (Cumulative)

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Volatility

Annualized Vol

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52 Week

52 Week High

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52 Week Low

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Turnover

Daily Volume

-

3M Average Turnover

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ETP Documents

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