IWML
·NYSE
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Key Stats
Assets Under Management
7.32MUSD
Fund Flows (1Y)
--
Dividend Yield
--
Discount/Premium to NAV
-0.11%
Shares Outstanding
300.00K
Expense Ratio
0.95%
About ETRACS 2x Leveraged US Size Factor TR ETN
Issuer
UBS
Brand
ETRACS
Inception Date
Feb 5, 2021
Structure
Exchange-Traded Note
Index Tracked
Russell 2000 TR USD Index
Management Style
Passive
Dividend Treatment
--
Distribution Tax Treatment
No distributions
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
UBS Securities LLC
As a levered product, IWML is not a buy-and-hold ETN, it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000. The underlying index consists primarily of small-caps, but also drifts into midcaps and heavily into micro-caps, overall representing approximately 10% of the total market. Like many levered funds, IWML delivers 2x exposure only for one day. The fund also resets its leverage quarterly. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS. Index reconstitution is done annually.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Small Cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +17.20% | +9.14% | +12.20% | +1.46% | +48.69% | -4.19% |
NAV Total Return | +8.16% | +10.38% | +16.28% | +1.39% | +55.34% | -0.34% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
No data is currently available
Dividends
No data is currently available
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
