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About ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044
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Inception date
Oct 24, 2019
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
HDLB is an income play. The underlying index selects from the 1,000 largest stocks, 80 companies with the highest expected yield based on analyst estimates. From these 80 names, it selects 40 with lower volatility over the past year. The low volatility screen simply aims to dampen the risk of picking stocks with the highest yield risk that would be amplified by the notes leverage. The portfolio is weighted by liquidity. HDLB pays a monthly coupon- unusual for an ETN. It also resets its leverage monthly rather than daily. Liquidity of the note is an important consideration for investors. Like all ETNs, HDLB is not directly backed by stocks but by the credit of the issuing bank-UBS in this case. Another ETN byproduct: coupons are taxed as ordinary income, not qualified dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HDLB last dividends amounted to 0.14 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 48.95% decrease.
HDLB assets under management is 9.20 M USD. It's risen 10.23% over the last month.
HDLB fund flows account for −5.69 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HDLB pays dividends to its holders with the dividend yield of 9.76%. The last dividend (May 21, 2025) amounted to 0.14 USD. The dividends are paid monthly.
HDLB shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Oct 24, 2019, and its management style is Passive.
HDLB expense ratio is 1.65% meaning you'd have to pay 1.65% of your investment to help manage the fund.
HDLB follows the Solactive US High Dividend Low Volatility Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HDLB price has risen by 4.83% over the last month, and its yearly performance shows a 24.83% increase. See more dynamics on HDLB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.07% over the last month, showed a −0.66% decrease in three-month performance and has increased by 34.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.07% over the last month, showed a −0.66% decrease in three-month performance and has increased by 34.91% in a year.
HDLB trades at a premium (2.53%) meaning the ETF is trading at a higher price than the calculated NAV.