ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN

  • Current Indicative Value
  • 07/18/2024 | 06:59 pm
  • USD 33.03
  • Current Spot Price USD 33.05
  • 07/18/2024 | 04:10 pm


CUSIP 90269A260
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 MarketVector US Business Development Companies Liquid Index
Coupon Frequency Quarterly

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 Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Business Development Companies Index ("Index"), and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying BDC constituents, less investor fees. Note that if the BDCs do not make distributions or those distributions do not overcome the investor fees, 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.