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VGND
VanEck Algorand ETN

Product Description

The VanEck Algorand ETN is a fully-collateralized exchange traded note that invests in ALGO The note seeks to replicate the value and yield performance of the MVIS® CryptoCompare Algorand VWAP Close Index.

  • Direct exposure to the tokens underpinning the smart contract Algorand platform.
  • 100% backed by ALGO and stored in cold storage at a regulated crypto custodian with crypto insurance (up to a limited amount)
  • Tradeable like an ETF on regulated exchanges

 

Risk Factors:
Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.
Currency Risk, Technology Risk, Legal and Regulatory Risks



Underlying Index

MVIS Cryptocompare Algorand VWAP Close Index (MVALGOV Index).

Product Details
 

  • Product Ticker

    VGND
  • Custodian

    Bank Frick & Co. AG
  • Domicile

    Liechtenstein
  • UCITS Compliant

    No
  • UCITS Eligible

    Yes*
  • Index Ticker

    MVALGOV
  • Index Provider

    MarketVector Indexes
1The ETNs’ value is determined at 4.00 pm CET of each business day, and represents the value of one note; it is calculated by taking the total assets linked to the ETN, subtracting total liabilities, and dividing by the total number of notes outstanding. The value is not necessarily the same as the ETNs’ intraday trading price. Investors should not expect to buy or sell the ETN at the determined value.

2The date the ETN was launched prior to quotation on the stock exchange.

*This might be seen differently by local regulators in single EU member states and the fund manager is recommended to verify this.

 
as of 30 Nov 2022

  • NAV1

    2.78
  • Notes Outstanding

    4,518,000
  • Number of Holdings

    1
  • Base Currency

    USD
  • Net Assets

    $12.5M
  • Product Structure

    Physical (Full Replication)
  • Income Treatment

    Reinvestment
  • Distribution Frequency

    None
  • Total Expense Ratio

    1.50%
  • Fact Sheet
  • VanEck Product List
  • Holiday Calendar

Trading Information as of 01 Dec 2022

Deutsche
Börse
EUR
Exchange Ticker VGND
ISIN DE000A3GWNE8
SEDOL BMF9232
Bloomberg VGND GY
Reuters (RIC) VGND.DE
Valor 116177217
Bloomberg iNAV VGNDEUIV
Reuters iNAV VGNDEURINAV=SOLA
WKN A3GWNE
Trading Currency EUR
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --

NAVs as of 01 Dec 2022

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
VGND USD $2.76 $-0.02 / -0.58% -72.39%
1.50

Performance History* (%)

Month End as of 31 Oct 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETN INCEPTION
MVALGOV (Index) 1.07 1.31 -79.77 -80.06 18.19 -- -- -58.89
Quarter End as of 30 Sep 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETN INCEPTION
MVALGOV (Index) 18.86 22.20 -79.98 -78.01 14.04 -- -- -59.32
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
MVALGOV (Index) -- -- -- -- 445.27

Market Makers

Top 10 Holdings (%) as of 31 Oct 2022 View All Holdings »

Total Holdings: 1
Holding Name
Ticker
Number Market Value
(USD)
% of Net
Assets
Algorand
ALGO
51,295,034
18,256,687 100.06
Other/Cash
--
--
-10,709 -0.06
Top 10 Total (%) 100.00
These are not recommendations to buy or to sell any security. Securities and holdings may vary.