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IWFL — ETRACS 2x Leveraged US Growth Factor TR ETN

ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL)

IWFL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 145.6% over the past 5.5 years, 29.9 points ahead of SPY at 115.7%. Its deepest 1-year drawdown was 32.8%.

ETRACS 2x Leveraged US Growth Factor TR ETN is a leveraged exchange-traded note that uses 2x leverage to amplify exposure to US growth factor equities, seeking to deliver magnified returns relative to its underlying benchmark. The fund charges a 0.95% expense ratio and currently distributes no income, making it a capital appreciation vehicle rather than an income-focused holding. This product appeals primarily to tactical traders and growth-oriented investors seeking concentrated exposure to US growth factors, though the leverage structure introduces elevated volatility and risk compared to unlevered alternatives.

IWFL 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
$61.44
AUM
$5,607,440
Average volume
100.0
Beta
2.44