Fund Description
The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying mortgage REIT index constituents. The MVIS US Mortgage REITs Index is a modified capitalization-weighted, float-adjusted index designed to give investors a means of tracking the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% (25% for current Index components) of their revenues from mortgage-related activity. This includes REITs that are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities.
Fund Profile
Fund Name ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
Fund Exchange Ticker MVRL
Fund Sponsor UBS
Fund ISIN US90269A3445
Net Expense Ratio 0.95 %
Fund Inception Date 2 June 2020
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name MVIS US Mortgage REITs Index
Index Provider MVIS Index
Currency Hedged No
Inverse / Leveraged Leveraged (1.5x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 5 August 2022
Asset Under Management 31.16 Million (USD)
1 Month Total Return 6.63 %
Year To Date Return -23.13 %
1 Year Total Return -25.29 %
3 Year Annualized Total Return
NAV 31.16
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting