QQQS
WisdomTree NASDAQ 100® 3x Daily Short
WisdomTree NASDAQ 100® 3x Daily Short is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the NASDAQ-100® 3x Inverse Total Return index, providing three times the inverse daily performance of the NASDAQ-100 TR index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.
For example, if the index rises by 1% over a day, then the ETP will fall by 3%, and if the index falls by 1% over a day, then the ETP will rise by 3%, excluding fees and interest revenue.
For example, if the index rises by 1% over a day, then the ETP will fall by 3%, and if the index falls by 1% over a day, then the ETP will rise by 3%, excluding fees and interest revenue.
*Formerly Boost NASDAQ 100® 3x Short Daily ETP
ETP RISK WARNING
The Boost Issuer Plc exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.
The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.
INFORMATION AND RESEARCH
Fund Overview
| Fund Overview | |
|---|---|
| Base/Trading Currency | USD/USD |
| Bloomberg Ticker | QQQS LN |
| Daily Change (14 Oct 2019) | 0.11% |
| Index Bloomberg Ticker | XNDXS3 |
| Index Name | NASDAQ-100® 3x Inverse Total Return Index |
| ISIN | IE00B8VZVH32 |
| Leverage Factor | -3x |
| Price (NAV) (14 Oct 2019) | $1.17 |
Net Asset Value
Structure
| Structure | |
|---|---|
| Physical Assets | Yes (Collateral) |
| Structure | ETP |
| Domicile | Ireland |
| Replication Method | Fully Collaterised Swap |
Further Legal and Tax Information
| Further Legal and Tax Information | |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Eligible |
| UK Fund Reporting Status | Yes |
Key Service Providers
| Key Service Providers | |
|---|---|
| Issuers | WisdomTree Multi Asset Issuer PLC |
| Administrator | Capita IFS |
| Custodian | Bank of New York Mellon |
| Trustee | Law Debenture Trust |
| Auditor | Ernst & Young |
| Swap Provider | BNP Paribas Arbitrage SNC |
| Market Makers | Market Makers |
| Authorised Participants | APs |
Fees
| Fees | |
|---|---|
| Annual Management Fee Rate | 0.80% |
| Daily Swap Rate | 0.00222% |
Passported Countries
| Passported Countries |
|---|
 Austria |
 Germany |
 Ireland |
 Italy |
 Norway |
 United Kingdom |
Listings & Codes
Listings & Codes
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Performance
Performance
i
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV with dividend reinvestment on ex_date. Historical performance is not an indication of future performance and any investments may go down in value.
| Index Details |
|---|
NASDAQ-100® 3X INVERSE TOTAL RETURN INDEX
The NASDAQ-100® 3x Inverse Total Return Index aims to replicate the daily inverse performance of the NASDAQ-100 Total Return Index multiplied daily by three and adjusted to reflect certain inherent costs and revenues of maintaining the short positions required to achieve that aim.
The NASDAQ-100® Total Return Index is a gross total return version of the NASDAQ-100 index, which is composed of 100 of the largest non-financial securities listed on The NASDAQ StockMarket® (NASDAQ®) based on market capitalization. It does not contain securities of financial companies including investment companies.
Index Details
| Index Details | |
|---|---|
| Index Name | NASDAQ-100® 3x Inverse Total Return Index |
| Currency | USD |
| Index Provider | NASDAQ |
| Bloomberg Ticker | XNDXS3 |
| Leverage Factor | -3x |
| Leverage Method | Daily Rebalancing |
Collateral Details
Collateral Details
| Collateral Details | 14 Oct 2019 |
|---|---|
| Collateral Coverage Ratio | 104.4 % |
| Collateralised | Yes |
| Over Collateralised | Yes |
| Custodian | Bank of New York Mellon |
Documents
Documents
Product
Prospectus
KID
Other Documents
Historical Data
Historical Data
WisdomTree Multi Asset Issuer PLC (the “Issuer”) issues products under a Prospectus (“WTMA Prospectus”) approved by the Central Bank of Ireland, drawn up in accordance with the Directive 2003/71/EC. The WTMA Prospectus has been passported to various European jurisdictions including the UK, Italy and Germany and is available on this document.
WisdomTree Multi Asset Issuer PLC Exchange Traded Products (“ETPs”) are suitable for financially sophisticated investors who wish to take a short-term view on the underlying indices and can understand the risks of investing in products offering daily leveraged or daily short exposures.
ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short-term view on the underlying indices and understand such risks. As a consequence, WisdomTree is not promoting or marketing WisdomTree Multi Asset Issuer PLC ETPs to retail clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the WTMA Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Neither WisdomTree, nor the Issuer has assessed the suitability of any Leveraged ETPs for investors other than the relevant Authorised Participants.
Product(s) is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the NASDAQ Commodity Indexes/NASDAQ 100 to track general stock market performance. The Corporations' only relationship to WisdomTree Multi Asset Issuer PLC (“Licensee”) is in the licensing of the Nasdaq®, OMXTM, and NASDAQ 100 /Commodity Indexes® registered trademarks, and certain trade names of the Corporations and the use of the NASDAQ 100/ Commodity Indexes which is determined, composed and calculated by NASDAQ OMX without regard to Licensee or the Product(s). NASDAQ OMX has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the NASDAQ 100/ Commodity Indexes. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).
WisdomTree Multi Asset Issuer PLC Exchange Traded Products (“ETPs”) are suitable for financially sophisticated investors who wish to take a short-term view on the underlying indices and can understand the risks of investing in products offering daily leveraged or daily short exposures.
ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short-term view on the underlying indices and understand such risks. As a consequence, WisdomTree is not promoting or marketing WisdomTree Multi Asset Issuer PLC ETPs to retail clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the WTMA Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Neither WisdomTree, nor the Issuer has assessed the suitability of any Leveraged ETPs for investors other than the relevant Authorised Participants.
Product(s) is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the NASDAQ Commodity Indexes/NASDAQ 100 to track general stock market performance. The Corporations' only relationship to WisdomTree Multi Asset Issuer PLC (“Licensee”) is in the licensing of the Nasdaq®, OMXTM, and NASDAQ 100 /Commodity Indexes® registered trademarks, and certain trade names of the Corporations and the use of the NASDAQ 100/ Commodity Indexes which is determined, composed and calculated by NASDAQ OMX without regard to Licensee or the Product(s). NASDAQ OMX has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the NASDAQ 100/ Commodity Indexes. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).