This investment product aims to replicate the daily returns of the VelocityShares Daily 4X Long AUD vs. USD Index. The index itself is designed to offer a fourfold leveraged return, with its exposure resetting each day, reflecting fluctuations in the immediate (spot) exchange rate between two currencies: the U.S. dollar and a foreign currency. It provides an advantageous position (long exposure) to one currency (referred to as the "long currency") in the pair compared to the other (the "reference currency"). It should also be noted that this fund is not diversified.

UAUD Holdings & Sector Breakdown