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IWDL — ETRACS 2x Leveraged US Value Factor TR ETN

ETRACS 2x Leveraged US Value Factor TR ETN (IWDL)

IWDL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 176.6% over the past 5.5 years, 60.9 points ahead of SPY at 115.7%. Its deepest 1-year drawdown was 13.5%.

ETRACS 2x Leveraged US Value Factor TR ETN is an exchange-traded note issued by UBS Asset Management that provides twice the daily return exposure to US value factor equities through a leveraged strategy. The ETN does not distribute income to shareholders, with no current distributions and a 0.95% annual expense ratio. It may appeal to active traders and sophisticated investors seeking leveraged equity exposure rather than traditional income investors.

IWDL key facts

Issuer
UBS Asset Management
Asset type
ETN
Asset class
Equity
Inception date
02/05/2021
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$70.28
AUM
$6,501,410
Average volume
4175.0
Beta
1.61