DFVS Fund Description

The iPath U.S. Treasury 5-Year Bear ETN provides inverse exposure to 5-year US Treasury note yields through an index tracking front-month 5-year Treasury futures contracts.

DFVS Factset Analytics Insight

DFVS provides inverse exposure to the Barclays 5-Year US Treasury Futures Targeted Exposure Index. The index is designed to fall when 5-year U.S. Treasury note yields rise. As an inverse instrument, DFVS appreciates when yields rise. DFVS is an ETN that doesn’t hold any underlying asset, but is only backed by the full faith and credit of Barclays. It charges 75 bps accrued on a daily basis plus a 12 bps annual roll fee. Thanks to its low asset tally, relatively low median daily volume, and very average spreads at 17 bps, DFVS is expensive to trade and at risk of closure. Unlike its daily-reset ETF counterparts, DFVS rebalances monthly to maintain its inverse exposure.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

DFVS Factset Analytics Block Liquidity

As of 01/12/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DFVS. DFVS is rated a 5 out of 5.

DFVS Summary Data

iPath
07/11/11
Exchange-Traded Note
0.75%
$1.23M
0.66%

DFVS Portfolio Data

0.00%
N/A

DFVS Index Data

Single Asset
Single Asset
N/A

DFVS Fund Structure

No
N/A
N/A
Barclays Bank PLC
Low
High
Variable
Variable

DFVS Tax Exposures

20.00% / 39.60%
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No

DFVS Tradability

76
$2.57K
0
0
0.66%
-0.20%
5.42% / -7.74%
None
20,000
0
0.00%
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$32.38
5