# Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD): ETN Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/daud for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: VelocityShares · Asset class: Equity - Strategy: Passive Index · Inception: 2017-12-12 The investment seeks to track the daily performance of the VelocityShares Daily 4X Long USD vs. AUD Index. The index is designed to provide 4 times leveraged exposure, reset daily, to changes in the spot exchange rate between an underlying pair of currencies consisting of the U.S. dollar and a foreign currency. It provides long exposure to one currency (the “long currency”) in the underlying currency pair relative to the other currency (the “reference currency”). The fund is non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $26.20 | | Expense Ratio | 1.50% | | Assets Under Management | $1.0M | | NAV | $26.19 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $22.50 – $67.31 | | Beta | 0.00 | ## Frequently Asked Questions ### What does DAUD invest in? The investment seeks to track the daily performance of the VelocityShares Daily 4X Long USD vs. AUD Index. The index is designed to provide 4 times leveraged exposure, reset daily, to changes in the spot exchange rate between an underlying pair of currencies consisting of the U.S. dollar and a foreign currency. It provides long exposure to one currency (the “long currency”) in the underlying currency pair relative to the other currency (the “reference currency”). The fund is non-diversified. ### What is the expense ratio of DAUD? Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DAUD? Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD) manages $1.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DAUD actively managed or an index fund? DAUD is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DAUD's is 1.50%) because there's no security selection cost. ### When was DAUD launched? Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD) launched in December 2017 and is managed by VelocityShares. ### How has DAUD performed? DAUD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DAUD pay a dividend? Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DAUD pay dividends? Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DAUD's dividend yield? DAUD's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is DAUD's next ex-dividend date? DAUD hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will DAUD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DAUD charge its expense ratio? The expense ratio is deducted in tiny daily slices from DAUD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DAUD cost more than a fund like VOO? DAUD is a passive index fund (current expense ratio 1.50%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to DAUD? The Lower-Fee Alternatives card above lists ETNs following the same investment strategy as DAUD (1.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/daud - Distribution history: https://www.dividenddata.com/funds/daud/dividend - Holdings & diversification: https://www.dividenddata.com/funds/daud/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/daud/expenses - Peer comparison: https://www.dividenddata.com/funds/daud/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.