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BSWN VelocityShares VIX Tail Risk ETN

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund BSWN VelocityShares VIX Tail Risk ETN VIXM ProShares VIX Mid-Term Futures VIXY ProShares VIX Short-Term Futures  
Similarity
?
100% 87% 87%
Annual Fees
?
$138.31
(1.30% Exp. Ratio)
$84.05
(0.79% Exp. Ratio)
$90.44
(0.85% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 6.40% annual return
$43,378.41 $50,631.70 $49,721.08
Est. savings over 30 yrs +$7,253.29 +$6,342.68
Return
As of 11/30/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN -20.56%
3 YR -20.12%
5 YR -33.29%
10 YR --
1 YR RETURN -62.34%
3 YR -46.37%
5 YR -59.76%
10 YR --
Description
The Tail Risk Securities seek to track the performance of S&P 500 VIX Futures Tail Risk Index TR – Short Term (the “Tail Risk Index”). Each of the 13 sub-portfolios has a target exposure of a 45% two times leveraged long position and a 55% unleveraged short position in the Short-Term Futures Index, which is intended to result in a net long position in VIX futures.
The investment seeks results that, both over a single day and over time, match (before fees and expenses) the performance of the S&P 500 VIX Mid-Term Futures Index. The advisor intends to meet its investment objective by taking long or short positions in VIX futures contracts. It will also hold cash or cash equivalents such as U.S. Treasury securities or other high credit quality, short-term fixed-income or similar securities for direct investment or as collateral for Financial Instruments. The fund may invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
The investment seeks to provide investment results (before fees and expenses) that match the performance of the S&P 500 VIX Short-Term Futures Index. The fund intends to obtain exposure to its index by investing in futures contracts based on the Chicago Board Options Exchange (“CBOE”) Volatility Index. It also holds cash or cash equivalents such as U.S. Treasury securities or other high credit quality short-term fixed-income or similar securities (such as shares of money market funds, bank deposits, bank money market accounts, certain variable rate-demand notes and collateralized repurchase agreements) that may be used as margin for the futures contracts.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

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