TRSK – Janus Velocity Tail Risk Hedged Large Cap ETF

Hedging Equity Tail Risk with an Innovative Volatility Strategy

NAV: $27.72

1-Day Change: +$0.13 (+0.47%)

As of market close 8/29/16
  • ENHANCED BETA
  • QUICK FACTS (TRSK)

    Pricing Data (As of market close 08/29/16)
    Closing Market Price$27.71
    Bid/Ask Midpoint$27.73
    Day High$27.71
    Day Low$27.70
    Trading Volume (Shares)220
    Premium/Discount (%)0.04%
    Shares Outstanding.55M
    Yield & Expenses

    Distribution Yield at NAV
    (As of 08/30/2016)

    -
    30 Day SEC Yield
    (As of )
    -
    Distribution FrequencyQuarterly
    Total Net Assets
    (As of 8/29/16)
    $15.25M
    Annual Expense Ratio
    (Estimated)
    GROSS 0.71%
    NET 0.71%
    Fund Details
    Inception Date06/21/2013
    CUSIP47103U704
    Category
    Morningstar (As of 08/30/2016)
    N/A
    Intraday Value (IOPV)TRSKIV
    ExchangeNYSE Arca
    Index TickerTRSKID
    Primary Benchmark VelocityShares Tail Risk Hedged Large Cap Index
    Index ProviderJanus Index & Calculation Services LLC

    Fund Objective

    TRSK seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the VelocityShares Tail Risk Hedged Large Cap Index.

    Client Commitment

    This liquid alternative ETF addresses the challenge of efficiently hedging the downside risk of an equity portfolio, and is designed to provide a systematic solution to that problem via exposure to VIX futures. It’s comprised of an 85% exposure to large-cap equities (S&P 500® Index) and a 15% exposure to a volatility component designed to efficiently hedge against large market declines. TRSK automatically rebalances back to these target allocations at each month-end.

    Why Invest in TRSK

    SYSTEMATIC VOLATILITY STRATEGY

    This comprehensive solution pairs a 15% allocation to a systematic volatility-based hedge with an 85% allocation to the S&P 500® Index. The volatility component adjusts its exposure each day based on the daily moves in short term VIX futures.

    LOW COST, EFFICIENT HEDGE

    Maintaining a constant long volatility hedge in a portfolio can be expensive. By dynamically shifting between long and short exposure to VIX futures, Janus’ volatility strategy seeks to capitalize on the negative correlation of VIX futures via a transparent, liquid and low-cost volatility hedge.

    DESIGNED TO REDUCE TAIL RISK

    With the potential to significantly reduce drawdown risk in the worst markets, TRSK can be considered a liquid alternative in a well-diversified portfolio.