Fund Name: |
ETRACS 2x Leveraged MSCI USA ESG Focus TR ETN |
Issuer: |
UBS |
Total Net Assets: |
$10,841,280 |
Inception: |
09/14/2021 |
Related Index: |
The ETRACS 2x Leveraged MSCI USA ESG Focus TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA ESG Focus Index Gross Total Return USD, less financing costs and tracking fees. The MSCI USA ESG Focus Index Gross Total Return USD is derived by selecting constituents of the MSCI USA Index (Bloomberg: M2US Index )(the Parent Index ), through an optimization process that aims to maximize exposure of environmental, social and governance ( ESG ) factors for a target tracking error budget under certain constraints. The Underlying Index is sector-diversified and targets companies with high ESG ratings in each sector. Companies involved in tobacco, controversial weapons, fossil fuel extraction and thermal coal power are not eligible for inclusion in the Index. The Parent Index is a market cap weighted benchmark index that includes large and mid-cap stocks across the U.S. equity markets. |
Expense Ratio: |
0.95% |
|
Net Asset Value: |
$36.14 |
Number of Holdings: |
|
Annualized Yield: |
0.00% |
Annualized Distribution: |
0.00 |
|