EEH ELEMENTS Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index ETN

This is an exchange traded note issued by the Swedish Export Credit Corporation that is linked to the performance of the SPECTRUM Large Cap U.S. Sector Momentum Index. The Index tracks the value of a notional portfolio composed of the ten sub-indices of the S&P 500 Index. The level of the Index is based on the relative weights of the sub-indices within the Index; such weights are monitored and may be rebalanced daily based on a momentum strategy. According to this momentum strategy, the weights of sub-indices that outperform the S&P 500 Total Return Index (the “SPTR”) are increased in the Index, while the weights of sub-indices that underperform are reduced. The weights are then modified to account for the correlation between each sub-index and the SPTR. The Index is designed to take advantage of the disparate performance of the sub-indices relative to each other and to the SPTR.

$32.45
As of 08/05/2022     IEX book   CBOE book

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ETN Information

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Sponsor:     Elements ETNs
Category1:  US Equity
Category2:  Broad market
Category3:  Large cap
Morningstar category:  Large Blend
Leverage factor:  1.00
Inception date:  08/02/2007
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $0
Average volume:  101
Fees:     0.7500%

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Index Information

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SPECTRUM Large Cap U.S. Sector Momentum Index
Index symbol:  SPBNPSP
Provider:   S&P Dow Jones
Index weighting:   Momentum score
Index inception date:  04/30/2020
Backtesting data exists:  
Number of holdings:  10  (as of 12/18/2017)
Strategy:  Sector rotation
Factors used to select securities:
Momentum Sector rotation