“The Adviser will choose the currency futures contracts comprising the portfolio based upon its analysis of which currencies are most likely to rise in price relative to the U.S. dollar and upon the characteristics of the underlying futures contracts. Currencies rise and fall relative to the U.S. dollar based upon the present political and economic factors affecting each country. The Adviser will examine these factors in evaluating potential investments. Additionally, the Adviser will consider a currency futures contract’s volatility and liquidity,” according to Elkhorn’s SEC filing.
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The Elkhorn Long Non-USD Currency ETF will trade on the Bats Exchange, but the filing did not include a ticker or expense ratio.
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