DFVS : iPath US Treasury 5-year Bear ETN

Fund Summary

The investment seeks to provide investors with inverse exposure to the Barclays 5Y US Treasury Futures Targeted Exposure Index™. The Barclays 5Y US Treasury Futures Targeted Exposure Index™ (the index) is designed to decrease in response to an increase in the 5-year Treasury note yields and to increase in response to a decrease in 5-year Treasury note yields. The index targets a fixed level of sensitivity to changes in the yield of the current cheapest-to-deliver note underlying the relevant 5-year Treasury futures contract at a given point in time.