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QULL — ETRACS 2x Leveraged MSCI US Quality Factor TR ETN

ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)

QULL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 179.5% over the past 5.5 years, 63.8 points ahead of SPY at 115.7%. Its deepest 1-year drawdown was 18.4%.

ETRACS 2x Leveraged MSCI US Quality Factor TR ETN is a leveraged exchange-traded note that provides 2x exposure to U.S. stocks selected for quality characteristics, amplifying both gains and losses relative to the underlying index. The ETN carries a 0.95% expense ratio and does not currently distribute income, making it unsuitable for yield-focused investors. This product is designed for sophisticated investors seeking leveraged exposure to U.S. quality equities, though the leverage mechanism and ETN structure introduce additional complexity and risks including tracking differences and issuer credit risk.

QULL 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
$70.73
AUM
$6,679,320
Average volume
100.0
Beta
1.82