Description
The investment seeks investment results that correspond generally, before fees and expenses, to the performance of its underlying index, the VelocityShares Volatility Hedged Large Cap Index.
The fund will seek to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in underlying index ETFs. The underlying index consists of an 85% allocation to the Underlying Large Cap ETFs (split evenly between each Underlying Large Cap ETF) and a 15% allocation to the Underlying Volatility ETFs (such allocation being the "Volatility Component"). The fund is non-diversified.