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Dividend Vision

SCDL — ETRACS 2x Leveraged US Dividend Factor TR ETN

ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL)

SCDL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 142.5% over the past 5.5 years, 26.8 points ahead of SPY at 115.7%. Its deepest 1-year drawdown was 10.2%.

SCDL is a leveraged exchange-traded note that seeks to deliver twice the daily performance of a US dividend factor strategy, amplifying both gains and losses through 2x leverage. The ETN carries a 0.95% expense ratio and aims to appeal to tactical traders and experienced investors seeking short-term exposure to dividend-paying equities with magnified returns, though the leverage structure introduces significant volatility and risk not suitable for traditional income investors. As a leveraged product with daily reset mechanics, it is designed for active trading strategies rather than buy-and-hold dividend income generation.

SCDL key facts

Issuer
UBS Asset Management
Asset type
ETN
Asset class
Equity
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$61.60
AUM
$8,729,610
Average volume
227.0
Beta
1.1