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About ETRACS 2x Leveraged US Value Factor TR ETN
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Inception date
Feb 5, 2021
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
IWDL aims to provide 2x leveraged exposure to the US large-cap equity segment deemed more value-oriented relative to the overall market. It is based on the total return version of the Russell 1000 Value index, which includes firms that have lower price-to-book ratios and lower forecasted growth values. The fund also resets its leverage quarterly. As a levered product, IWDL is not a buy-and hold investment and should not be expected to provide index leverage returns greater than a one-day period. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IWDL assets under management is 11.86 M USD. It's fallen 0.40% over the last month.
IWDL fund flows account for −28.21 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, IWDL doesn't pay dividends to its holders.
IWDL shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Feb 5, 2021, and its management style is Passive.
IWDL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
IWDL follows the Russell 1000 Value. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IWDL price has fallen by −1.74% over the last month, and its yearly performance shows a 13.98% increase. See more dynamics on IWDL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.93% over the last month, have fallen by −1.93% over the last month, showed a −0.77% decrease in three-month performance and has increased by 15.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.93% over the last month, have fallen by −1.93% over the last month, showed a −0.77% decrease in three-month performance and has increased by 15.08% in a year.
IWDL trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.