ETRACS 2x Leveraged US Dividend Factor TR ETN
- Current Indicative Value
- 11/12/2024 | 05:19 pm
- USD 43.15
- Current Spot Price USD 43.13
- 11/12/2024 | 04:10 pm
Profile
CUSIP | 90278V206 |
Primary exchange | NYSE Arca |
Initial Trade Date | 2/05/2021 |
Maturity Date | 2/09/2051 |
Leverage | 2.00x |
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 | Dow Jones US Dividend 100 TR USD Index |
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 2x Leveraged US Dividend Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the Dow Jones US Dividend 100 TR USD Index, less financing costs and tracking fees, and do not pay any coupons. The underlying total return index is designed to track a basket of 100 high dividend-paying U.S. companies, excluding REITS, with a record of consistently paying dividends, selected based on financial ratios for fundamental strength relative to their peers.
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.