HDLB ETN — ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB)

Updated October 2, 2026.

HDLB is a low-cost ETN. its distribution rate is 3.97%, its trailing-12-month yield is 11.76%, its expense ratio is 0.00%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Total return is 32.4% over the past 6.9 years, 149.6 points behind SPY at 182.0%.

At the current 3.97% distribution rate, a $10,000 investment would generate approximately $397 per year, or $33.08 per month.

HDLB performance versus SPY

Price and return data through 2026-10-02.

Total return is 32.4% over the past 6.9 years, 149.6 points behind SPY at 182.0%. Over the past year its total return — price change plus distributions reinvested — is 1.8%. Its deepest 1-year drawdown was 17.5%.

HDLB key facts

Distribution Safety Score™

74 · Generally safe

Safety-Adjusted Yield

2.94%

Issuer

UBS Asset Management

Asset type

ETN

Asset class

Equity

Inception date

10/25/2019

Expense ratio

0.00%

Distribution rate

3.97%

Distribution frequency

Monthly

Trailing yield

11.76%

Last close

$15.25 (as of 2026-10-02)

AUM

$5,129,504

Average volume

3630.0

Last dividend

$0.0505

Last ex-dividend date

09/14/2026

Last payment date

09/22/2026

Beta

0.7

How Dividend Vision calculates yield and returns

Distribution rate (3.97%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (11.76%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: UBS Asset Management; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HDLB risks and drawbacks

HDLB's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 17.5%.

Who may consider HDLB — and who may not

HDLB may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from UBS Asset Management.