Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index

Frequently Asked Questions About UEUR

What does UEUR invest in?

The investment seeks to track the daily performance of the VelocityShares Daily 4X Long EUR vs. USD 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 UEUR?

Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index (UEUR) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UEUR?

Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index (UEUR) manages $2.2M 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 UEUR actively managed or an index fund?

UEUR 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 (UEUR's is 1.50%) because there's no security selection cost.

When was UEUR launched?

Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index (UEUR) launched in December 2017 and is managed by VelocityShares.

How has UEUR performed?

UEUR'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.