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Dividend Vision

USML — ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)

USML pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 86.4% over the past 5.5 years, 29.3 points behind SPY at 115.7%. Its deepest 1-year drawdown was 13.1%.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN is a leveraged exchange-traded note that seeks 2x daily exposure to US stocks exhibiting lower volatility characteristics, using borrowed capital to amplify potential returns and losses. The ETN carries a 0.95% expense ratio and currently distributes no income, making it unsuitable as a dividend-focused holding. This product appeals primarily to tactical traders and volatility-conscious investors seeking short-term leveraged exposure rather than income-generating dividend investors.

USML 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
$47.25
AUM
$4,438,040
Average volume
8.0
Beta
0.93