Symbols

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN·ARCA

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Key Stats

Assets Under Management

12.97MUSD

Fund Flow (1Y)

Dividend Yield

20.79%

Discount / Premium to NAV

-0.33%

Shares Outstanding

950.00K

Expense Ratio

1.90%

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

Issuer

UBS

Brand

ETRACS

Home Page

https://etracs.ubs.com/product/detail/index/ussymbol/MVRL

Inception Date

Jun 2, 2020

Structure

Exchange-Traded Note

Index Tracked

MVIS US Mortgage REITs Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Distributor

UBS Securities LLC

MVRL's index consists of US mortgage REITs which includes REITs engaged in the purchase or service of commercial or residential mortgage loans or mortgage related securities. The return on the note is linked to the performance of the price return of the MVIS US Mortgage REITs Index. Unlike most levered funds — which usually reset daily — MVRL offers 1.5x leveraged exposure over quarterly periods. Over periods spanning more than the quarterly reset dates, returns can vary significantly from its promised 1.5x exposure. However, the securities may pay a monthly coupon during their term. MVRL is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to quarterly compounding. Because this is a tactical tool, liquidity rather than holding cost is paramount for the note.