Metals

Gold and Silver

VelocityShares' metals exchange traded product suite includes leveraged long and inverse strategies in futures on gold and silver, as measured by the S&P GSCI. While institutional investors have available a variety of instruments (such as futures, swaps and forwards) to express views on metals, this suite of exchange traded products provides a potential alternative with distinct features.

These products seek to provide sophisticated institutional investors with exchange traded instruments for managing risk or expressing short-term market views. The long products are designed to increase in value by a daily-resetting 3x multiple of an increase in the underlying index, while the inverse products are designed to increase in value by a daily-resetting 3x multiple of a decrease in the underlying index. For example, the inverse silver ETN DSLV might be used to express a view of being "short silver."

S&P GSCI® Gold Index

As of 12/12/18
LEVERAGE TICKER NAME CLOSING INDICATIVE VALUE ETNs OUTSTANDING PROSPECTUS
3x UGLD VelocityShares 3x Long Gold ETN $88.03 1,526,533 Prospectus
-3x DGLD VelocityShares 3x Inverse Gold ETN $50.80 354,010 Prospectus

S&P GSCI® Silver Index

As of 12/12/18
LEVERAGE TICKER NAME CLOSING INDICATIVE VALUE ETNs OUTSTANDING PROSPECTUS
3x USLV VelocityShares 3x Long Silver ETN $64.89 3,939,215 Prospectus
-3x DSLV VelocityShares 3x Inverse Silver ETN $32.27 463,936 Prospectus