-1x Short VIX Mid-Term Futures Strategy ETF

Fund & Index Description

The -1x Short VIX Mid-Term Futures Strategy ETF (Ticker: ZIVB) aims to provide daily investment results that correspond to the daily performance of the S&P 500 VIX Mid-Term Futures Inverse Daily Index (before fees and expenses).  It may be used to express a medium-term view on declining implied equity volatility.

The S&P 500® VIX® Mid-Term Futures Inverse Daily Index is designed to measure the performance of the inverse of the S&P 500 VIX Mid-Term Futures Index, which measures the return of a daily rolling long position in the fourth, fifth, sixth and seventh month VIX futures contracts.

Fund Data & Pricing
Net Assets as of 12/05/2023 $3.99m
NAV $22.14
Shares Outstanding 180,000
Premium/discount Percentage -0.10%
Closing Price $22.12
Median 30 Day Spread 0.27%

Data as of 12/05/2023

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Details
Inception Date 04/19/2023
Ticker ZIVB
Primary Exchange CBOE
CUSIP 92864M202
Expense Ratio 1.35%
30 Day SEC Yield* N/A
Performance Quarter end returns as of 09/30/2023
  Avg. Annualized  
  Quarter 1 Year 3 Year Since Inception
Fund NAV 4.98% - - 33.06%
Market Price 5.00% - - 33.27%
S&P 500 VIX Mid Term Futures Inverse Daily Index (Excess Return) 4.79% - - 31.89%

Expense ratio: 1.35%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 866.261.0273.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
EX- Date Record Date Payable Date Amount
Top Holdings
% Of Net Assets Name Ticker CUSIP Shares/Contracts Market Value/Notional
-13.26% CBOE VIX FUTURE Mar24 UXH4 Index UXH4 INDEX -31 -528,525.20
-33.13% CBOE VIX FUTURE Apr24 UXJ4 Index UXJ4 INDEX -75 -1,320,180.00
-33.69% CBOE VIX FUTURE May24 UXK4 Index UXK4 INDEX -75 -1,342,500.00
-20.21% CBOE VIX FUTURE Jun24 UXM4 Index UXM4 INDEX -44 -805,200.00
100.00% Cash & Other Cash&Other CASH_USD 3,984,932 3,984,931.66

Data as of 12/06/2023. Cash & Other includes cash, other accrued assets & liabilities, & shares of money market funds that invest in U.S. government securities. Holdings are subject to change.