The iPath S&P 500 VIX Mid-Term Futures ETN (Ticker: VXZ) seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 VIX Mid-Term Futures Index. The index is designed to provide access to equity market volatility through CBOE Volatility Index (VIX Index) futures. Specifically, the S&P 500 VIX Mid-Term Futures Index offers exposure to a daily rolling long position in the first fourth, fifth, sixth and seventh month VIX futures contracts and reflects the implied volatility of the S&P 500 Index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the fourth month VIX futures contract into the seventh month VIX futures contract.