Replies to post #5910 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[ottoman]

scroll down to where it says "Q. What are the fees associated with ETNs"

http://www1.nyse.com/pdfs/what_you_should_know_about_ETNs_8_08.pdf

Fees associated with ETNs in the market today range anywhere
from 0.30% to 1.25%. The issuer charges an annual fee that
accrues through the term of the ETN. Fees may be described in the
prospectus by such terms as an “investor fee”, “issuer fee”, “expense
ratio” or “tracking fee”. As a result of this fee, the return of the ETN
will be lower than that of the underlying index or exchange rate (for
currency indexes). Refer to the prospectus of an ETN for details on
how annual fees are calculated for individual ETNs, as calculation
methods vary. Even if the value of an index or other asset at maturity
or upon early repurchase exceeds the initial index or asset level, you
may receive less than the principal amount of the securities due to
fees. Because ETNs trade like stocks, brokerage commissions and/
or transaction costs typically apply to ETN purchases and sales
depending on your account type. Understanding the total cost of
an investment in an ETN is important in order to make an informed
decision.