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About J P Morgan Chase & Co Inverse VIX Short-Term Futures ETNs due March 22, 2045
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Inception date
Mar 19, 2025
Structure
Exchange-Traded Note
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
VYLD marks a first for the issuer, the only other ETN in the firms lineup stems from the acquisition of Bear Sterns. VYLD is a debt obligation backed by the credit rating of JPMorgan Chase, maturing in 2045. The ETN seeks to provide exposure to the daily returns of an index in which its level is designed to increase or decrease by 1% from its previous days closing level if the weighted average price of the front- and the second-month VIX futures contracts decreases or increases, respectively, by one point on that day. VIX futures contracts are tied to the Cboe Volatility Index, a benchmark index designed to measure the volatility in large-cap US stocks and calculated based on certain put and call options on the S&P 500 Index. As a total return index, the return also reflects interest accrued at a rate equal to the SOFR. Since the product focuses on the inverse, near-term volatility, the notes should generate positive returns with the underlying futures contracts decrease in price.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VYLD assets under management is 97.75 M USD. It's risen 4.66% over the last month.
VYLD fund flows account for 154.52 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, VYLD doesn't pay dividends to its holders.
VYLD shares are issued by JPMorgan Chase & Co. under the brand JPMorgan. The ETF was launched on Mar 19, 2025, and its management style is Passive.
VYLD expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
VYLD follows the S&P 500 VIX Short-Term Futures Points-Change Inverse Daily Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.