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MTUL — ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)

MTUL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 128.9% over the past 5.5 years, 13.2 points ahead of SPY at 115.7%. Its deepest 1-year drawdown was 32.3%.

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN is a leveraged exchange-traded note that applies 2x daily leverage to the MSCI US Momentum Factor Index, amplifying exposure to U.S. stocks exhibiting momentum characteristics. The fund carries a 0.95% annual expense ratio and generates no dividend distributions, making it a total-return vehicle focused on capital appreciation rather than income generation. This product appeals primarily to tactical traders and sophisticated investors seeking enhanced exposure to momentum strategies, though the leveraged structure introduces elevated volatility and daily reset risk unsuitable for buy-and-hold portfolios.

MTUL 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
$58.08
AUM
$8,596,020
Average volume
100.0
Beta
2.46