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VIXL

S&P 500 VIX Short-Term Futures 2.25x Leverage Daily ETP

Boost S&P 500 VIX Short-Term Futures 2.25x Leverage Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP provides 2.25 times the daily performance of the S&P 500 VIX Short-Term Futures Index ER, which measures the return from a daily rolling long position in the first and second month VIX futures contracts, adjusted to reflect fees and costs inherent to maintaining and rolling a leveraged position in the underlying futures, plus the interest revenue earned on the collateralised amount.

For example, if the S&P 500 VIX Short-Term Futures Index ER rises by 1% over a day, then the ETP will rise by 2.25%, excluding fees. However if the S&P 500 VIX Short-Term Futures Index ER falls by 1% over a day, then the ETP will fall by 2.25%, excluding fees.

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.

KEY INFORMATION

  • Price (NAV) $0.25
  • Base/Trading Currency USD/USD
  • Daily Change -8.41%
  • Leverage Factor 2.25x
  • ISIN IE00BYTYHQ58
  • Bloomberg Ticker VIXL LN
  • Index Name S&P 500 VIX Short-Term Futures Index ER
  • Index Bloomberg Ticker SPVXSP
Net Asset Value 17 Nov 2017
NAV £0.19
Daily Change (£0.02)
Daily Return -8.63%
Total AUM of fund $8,011,963.02
Structure
Physical Assets Yes (Collateral)
Structure ETP
Domicile Ireland
Replication Method Fully Collaterised Swap
Key Service Providers
Issuers Boost 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
Annual Management Fee Rate 0.99%
Daily Swap Rate 0.01181%

Listings & Codes

Listings & Codes
Index Details

S&P 500 VIX SHORT-TERM FUTURES INDEX ER

The S&P 500 VIX Short-Term Futures Index measures the excess return from a daily rolling long position in the first and second month VIX futures contracts. The Chicago Board Options Exchange Volatility Index, otherwise known as “VIX”, is a volatility index consisting of a portfolio of S&P 500 options that together reflect the market’s expectation of future volatility. S&P Dow Jones Indices calculates various benchmarks tracking the performance of the futures contracts that settle to VIX, as well as other indices that employ the VIX methodology.

Even though the index measures excess return performance based on the futures price performance and the roll return, the ETP provides a total return performance which also includes the interest revenue on the collateralised amount.

 

Index Details

Index ID Card
Index Name S&P 500 VIX Short-Term Futures Index ER
Currency USD
Index Provider BNP Paribas
Bloomberg Ticker SPVXSP
Leverage Factor N/A
Reuters Instrument Code .SPVXSP
Leverage Method No Leverage

Boost Collateral Details

Details 16 Nov 2017
Collateral Coverage Ratio 104.9%
Over Collateralised Yes
Custodian Bank of New York Mellon

Boost is an independent boutique Exchange Traded Product (“ETP”) provider and as such it is independent from any investment bank, swap provider, trustee or custodian. Boost ETPs have a robust and transparent collateral structure, which Boost believes offers investors a best of breed counterparty risk model, where investors’ interests are aligned with Boost's.

Boost Collateral Structure

DISCLAiMERS

 

The S&P VIX Futures Indices are a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Chicago Board Options Exchange, Incorporated (“CBOE”), and have been licensed for use by the Issuer. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Issuer. VIX® is a trademark of CBOE and has been licensed for use by SPDJI and the Issuer. The ETP Securities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or CBOE and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P VIX Futures Indices.