ETRACS Monthly Pay 2xLeveraged Mortgage REIT 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
- 03/04/2015 | 02:59 pm
- USD 20.27
- Last close USD 20.23
|Primary exchange||NYSE Arca|
|Initial trade date||10/16/2012|
|Annual Tracking Rate||0.40%, accrued on a daily basis|
|Underlying Index||Market Vectors Global Mortgage REITs Price 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 Mortgage REIT ETN (NYSE: MORL) ("MORL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors® Global Mortgage REITs Index (the "Index"), reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to two times the cash distributions, if any, on the Index constituents, less any withholding taxes.
- Monthly compounded 2x leveraged exposure to the Market Vectors® Global Mortgage REITs Index less fees
- Significant income potential in the form of a variable monthly coupon linked to two times the cash distributions, if any, on the index constituents, less any withholding taxes
- Leverage reset monthly, not daily