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VIXL

WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged

WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged 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, plus the interest revenue earned on the collateralised amount. The index measures the return of a daily rolling long position in the first and second month VIX futures contracts.

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.

*Formerly Boost S&P 500 VIX Short-Term Futures 2.25x Leverage 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.

Fund Overview
Base/Trading Currency USD/EUR
Bloomberg Ticker VIXL IM
Daily Change -10.69%
Index Bloomberg Ticker SPVXSP
Index Name S&P 500 VIX Short-Term Futures Index ER
ISIN IE00BYTYHQ58
Leverage Factor 2.25x
Price (NAV) €0.01
Net Asset Value As of 13 Dec 2019
NAV N/A
Daily Change N/A
Daily Return -10.16%
Total AUM of fund $18,838,914.96
Shares Outstanding 3,123,006,972
Structure
Physical Assets Yes (Collateral)
Structure ETP
Domicile Ireland
Replication Method Fully Collaterised Swap
Key Service Providers
Issuers WisdomTree Multi Asset Issuer PLC
Administrator Link Asset Services
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%
Passported Countries
Austria Austria
Germany
Ireland
Italy
Norway
United Kingdom

Listings & Codes

Listings & Codes

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

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 Details
Index Name S&P 500 VIX Short-Term Futures Index ER
Currency USD
Index Provider BNP Paribas
Bloomberg Ticker SPVXSP
Reuters Index Ticker .SPVXSP
Leverage Method No Leverage

Collateral Details

Collateral Details
Collateral Coverage Ratio 105.0%
Collateralised Yes
Over Collateralised Yes
Custodian Bank of New York Mellon

Collateral Structure

Documents

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.

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.”