Name of ETN: iPath Inverse S&P 500 VIX Short-Term Futures ETN

Benchmark Index: S&P 500 VIX Short-Term Futures Index Excess Return

Ticker Symbol: XXV

Strategy: The index this ETN is based upon is comprised of short-term futures contracts on the CBOE SPX Volatility Index.

Daily Target: -1x (inverse daily performance of index).

Short ETN:  This ETN attempts to produce investment results in the opposite direction of the index. If the S&P 500 VIX Short-Term Futures Index Excess Return goes up, the ETN is designed to go down. If the S&P 500 VIX Short-Term Futures Index Excess Return goes down, the ETN is designed to go up.

Related Links:

iPath Website