INR ETF Report: Ratings, Analysis, Quotes, Holdings

Competing ETFs: N/A

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*Unless otherwise stated, data provided by FactSet.

INR Fund Description

INR tracks an index of rolling 3-month nondeliverable forward contracts on the Indian rupee.

INR Factset Analytics Insight

INR is the perfect example of an ETN whose investment strategy has worked remarkably well in recent years, but still failed to attract investor interest. With a low asset base, INR is at a high risk of closure. It’s expensive, barely trades, and has milewide spreads. INR tracks an index that rolls over 3-month forward-currency contracts—meaning its returns are affected by currency expectations of the forward markets. Structured as an ETN, INR comes with credit risk—even though its issuer, Morgan Stanley, currently carries low default risk. On the tax front, all capital gains—long- and short term—are taxed as ordinary income.

INR Charts And Performance

Price Chart ($)

Total Return Chart (%)

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PERFORMANCE [as of 09/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

INR 73.16% 88.01% 94.26% 105.63% 26.75% 17.32% 8.19%

INR (NAV) 1.07% -0.61% 2.77% 8.89% 3.46% 2.56% 1.53%

S&P Indian Rupee Total Return Index -- -- -- -- -- -- 1.53%

IU Indian Rupee Index -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

INR Summary Data

Morgan Stanley

Market Vectors

03/14/08

Exchange-Traded Note

0.55%

$1.03M

$154.04K

8.08%

Fund Home Page

INR Portfolio Data

N/A

Derivative

INR Index Data

S&P Indian Rupee Total Return Index

INR Portfolio Management

0.55%

INR Tax Exposures

39.60% / 39.60%

INR Fund Structure

Exchange-Traded Note

Derivative

Morgan Stanley

Low

High

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

Daily Spread

Premium/Discount

Volume

INR Factset Analytics Block Liquidity

As of 09/16/19

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

INR Tradability

1,526

$154.04K

8.08%

$3.28

-0.40%

87.74% / -7.13%

Potential

100.00%

50,000

0.00

0.00%

$42.58

INR Portfolio Tilts Comparison

INR

Segment Benchmark

Effective Duration

Avg. Days to Maturity

Currency Yield

INR Performance Statistics

Max. Downside Tracking Difference (12 Mo) --

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