ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN
- Current Indicative Value
- 11/01/2024 | 04:29 pm
- USD 16.52
- Current Spot Price USD 16.53
- 11/01/2024 | 04:10 pm
Profile
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.