NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN (2041.T) Price

The ISIN of NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN is JP5528290009.

NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN aims to deliver 1 times the daily return of NEXT (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

Volatility decay (also called compounding drag) occurs because NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Leveraged ETFs like NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.

NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN provides 1X daily short/inverse exposure to NEXT. When NEXT moves +1% in a day, NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN targets approximately 1% (before fees).

The total expense ratio of NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN is 0.80%, which means that investors pay 80.00 JPY per 10,000 JPY in investment capital annually.

The ETF is listed in JPY.

European investors may incur additional costs for currency exchange and transaction fees.

No, NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN does not comply with the EU UCITS investor protection directives.

NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN tracks the performance of the Dow Jones Industrial Average Inverse -1x Index - JPY - Benchmark TR Gross Hedged.

NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN is domiciled in JP.

The fund was launched on 10/10/2013.

The NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN mainly invests in Industrial Titles companies.

The NAV of NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse x1 ETN amounts to 2.23 B JPY.

Investments can be made through brokers or financial institutions that provide access to trading ETFs.

The ETF is traded on the stock exchange, similar to stocks.

Yes, the ETF can be held in a regular securities account.

The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.

The ETF is valued on a daily stock exchange basis.

Information on dividends should be requested from the provider's website or your broker.

The risks include market fluctuations, currency risks, and the risk associated with smaller companies.

The ETF is obligated to report regularly and transparently on its investments.

The performance can be viewed on Eulerpool or directly on the provider's website.

Further information can be found on the official website of the provider.