Fund Description
The MSCI USA Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap USA equity universe. The index is calculated by optimizing the MSCI USA Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Index.
Fund Profile
Fund Name ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
Fund Exchange Ticker USML
Fund Sponsor UBS
Fund ISIN US90278V7010
Net Expense Ratio 0.95 %
Fund Inception Date 5 February 2021
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 MSCI USA Minimum Volatility GR
Index Provider MSCI
Currency Hedged No
Inverse / Leveraged Leveraged (2x)
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 29.68 Million (USD)
1 Month Total Return 5.78 %
Year To Date Return -17.60 %
1 Year Total Return -7.77 %
3 Year Annualized Total Return
NAV 29.68
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting