ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN
An intraday "indicative value" is used to measure the intrinsic value of each ETN and is for reference purposes only. Note: The market price (the actual trading price) of ETNs may be different from their indicative value. ETN valuation measureCurrent Indicative Value
- 04/24/2015 | 08:14 pm
- USD 24.54
- Last close USD 24.45
|Primary exchange||NYSE Arca|
|Initial trade date||11/12/2013|
|Annual Tracking Rate||0.85%, accrued on a daily basis|
|Underlying Index||NYSE Diversified High Income Index|
See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN (NYSE: DVHL) (“DVHL” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the NYSE® Diversified High Income Index, reduced by the Accrued Fees. DVHL has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance), is denominated in USD, and pays a USD-denominated variable monthly coupon linked to 2 times the net cash distributions, if any, on the Index constituents.
Exchange-traded notes are senior, unsecured, unsubordinated debt securities that provide investors with exposure to the total returns of various market indices, including those linked to stocks, bonds, commodities and/or currencies, less investor fees. ETRACS offers innovative investment products with easy access to markets and strategies that may not be readily available in the existing marketplace.
- Monthly compounded 2x leveraged exposure to the NYSE® Diversified High Income Index, an index comprised of a diversified portfolio of 138 publicly-traded, income-producing securities.
- Significant income potential in the form of a variable monthly coupon linked to 2 times the net cash distributions, if any, on the Index constituents.
- Leverage that is reset monthly, not daily.