TAPR

Barclays Inverse U.S. Treasury Composite ETN
*Unless otherwise stated, data provided by FactSet.

TAPR Fund Description

TAPR tracks an index of equally weighted short positions in front-month futures contracts on 2-year, 5-year, 10-year, long-bond and ultra-long US Treasurys.

TAPR Factset Analytics Insight

TAPR’s index uses an equal weighting scheme for short positions in a variety of US Treasury futures contracts: 2-year, 5-year, 10-year, long-bond, and ultra-long. The note will appreciate in value if prices of Treasurys fall (and rates rise) across the yield curve, also known as a parallel shift. The note can be used as a broad hedge against rising rates, an anticipated effect of the balance sheet reduction (“tapering”) begun by the Federal Reserve in 2017. However, a parallel shift rarely happens in real life, making the notes unsuitable for precise duration hedging. As an ETN, TAPR does not hold Treasury futures and collateral, but is only backed by the credit of Barclays Bank PLC. Unfortunately, TAPR has gathered few assets since launching in 2014, and can be quite difficult to trade at times.

TAPR Charts And Performance

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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TAPR -1.45% 16.94% -49.29% -58.76% -24.12% -21.22% --
TAPR (NAV) -0.73% 23.27% -47.62% -54.37% -22.85% -20.13% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TAPR Summary Data

Barclays
07/14/14
Exchange-Traded Note
0.75%
$7.29M
1.63%

TAPR Portfolio Data

0.00%
N/A

TAPR Index Data

Equal
Fixed
N/A

TAPR Fund Structure

No
N/A
N/A / N/A
Barclays Bank PLC
Low
High
-1
Monthly

TAPR Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TAPR Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

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

TAPR Tradability

1,607
$19.62K
861
$10.43K
1.63%
$0.20
-0.08%
7.27% / -6.21%
None
0.00%
0
0.03
0.00%
--
0
$12.52
N/A