ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN

  • Current Indicative Value
  • 07/24/2024 | 08:00 pm
  • USD 17.64
  • Current Spot Price USD 17.63
  • 07/24/2024 | 04:10 pm


CUSIP 90269A344
Primary exchange NYSE Arca
Initial Trade Date 6/02/2020
Maturity Date 6/10/2050
Leverage 1.50x
Annual Tracking Fee Rate 0.95%, accrued on a daily basis
Annual Financing Fee Rate 3m CME Term SOFR + 0.2616% adjustment + 0.95%
Underlying Index MVIS US Mortgage REITs Index
Coupon Frequency Monthly

See 'Key Risks' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.

About the ETN

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. Note that if the index constituents do not make distributions, then investors will not receive any coupons.

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.