FactorShares 2X: Oil Bull/S&P500 Bear (FOL) is a leveraged spread ETF designed for investors who believe crude oil will increase in value relative to large-cap U.S. equities in one day or less. FOL seeks to track approximately +200% of the daily return of the S&P Crude Oil - Equity Spread Total Return Index (before fees and expenses) by primarily establishing a leveraged long position in Light Sweet Crude Oil Futures and a leveraged short position in the E-mini S&P 500 Stock Price Index™ Futures.
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| Ticker |
FOL
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| INAV Ticker |
FOL.IV
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| CUSIP |
30304P104
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| ISIN |
US30304P1049
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| NAV Calculation Time |
2:30pm ET
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| Management Fee* |
0.75%
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| Shares Per Creation Unit |
100,000
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| Listing Exchange |
NYSE Arca
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| Fund Inception Date |
02.24.2011
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* Other fees apply including brokerage commissions. See Breakeven Table in the prospectus for more information.
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Market price for E-mini S&P 500 Futures, as displayed in Daily Holdings, is the last traded value just before NAV Calculation Time. The market price for all other futures contracts corresponds to the closing settlement price.
Holdings are subject to change without notice.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, ma be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
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| Daily Values | | Totals |
| NAV$6.28 |
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Shares Outstanding:200,040 |
| NAV Change ($)$0.05 |
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Fund Net Assets:$1,256,498 |
| NAV Change (%)0.85% |
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Units Outstanding:2 |
| Closing Price$6.18 |
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| Closing Price Change ($)-$0.02 |
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| Closing Price Change (%)-0.33% |
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An investment in the Funds involves risk, including the possible loss of principal. Leverage and/or short positions should be considered speculative and are not suitable for all investors. Commodities and futures trading are volatile and even a small movement in market price could cause large losses. The risks involved with each Fund are detailed in the prospectus and on the risk disclosure links on each Fund's web page.
Leveraged funds should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leveraged ETFs are not designed to track the underlying index over a longer period of time.