USOI
ETRACS Crude Oil Shares Covered Call ETN·NASDAQ
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Key Stats
Assets Under Management
281.50MUSD
Fund Flows (1Y)
14.93MUSD
Dividend Yield
24.13%
Discount/Premium to NAV
0.29%
Shares Outstanding
5.60M
Expense Ratio
0.85%
About ETRACS Crude Oil Shares Covered Call ETN
Issuer
Credit Suisse Group AG
Brand
ETRACS
Inception Date
Apr 25, 2017
Structure
Exchange-Traded Note
Index Tracked
Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 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
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Distributor
Credit Suisse Securities (USA) LLC
USOI adds a twist to the crude oil segment by extracting income from oil futures exposure. The ETN provides the return of USCF's popular front-month oil ETF, USO, coupled with a notional short position in USO calls expiring the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation. Therefore, USOI is likely to perform very differently from crude oil futures. USOI aims to distribute yield monthly, typical of an ETN.
Classification
Asset Class
Commodities
Category
Energy
Focus
Crude Oil
Niche
Front Month
Strategy
Buy-write
Geography
Global
Weighting Scheme
Fixed
Selection Criteria
Fixed
Analysis
Holdings
No data available
Related Funds
Seasonals
Volume Profile
Trade Flow Insight
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