Market Vectors Double Long Euro ETN

Frequently Asked Questions About URR

What does URR invest in?

The investment seeks to replicate, net of expenses, the Double Long Euro Index. As the index is two-times leveraged, for every 1% strengthening of the euro relative to the U.S. dollar, the level of the index will generally increase by 2%, while for every 1% weakening of the euro relative to the U.S. dollar, the index will generally decrease by 2%.

What is the expense ratio of URR?

Market Vectors Double Long Euro ETN (URR) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is URR?

Market Vectors Double Long Euro ETN (URR) manages $440,000 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 URR actively managed or an index fund?

URR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was URR launched?

Market Vectors Double Long Euro ETN (URR) launched in May 2008 and is managed by the fund issuer.

How has URR performed?

URR'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.