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About ETRACS 2x Leveraged US Growth Factor TR ETN
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Inception date
Feb 5, 2021
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
IWFL aims to provide 2x leveraged exposure to the US large-cap equity segment deemed more growth-oriented relative to the overall market. It is based on the total return version of the Russell 1000 Growth index, which includes firms that have higher price-to-book ratios and higher forecasted growth values. The fund also resets its leverage quarterly. As a levered product, IWDL is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS. Index reconstitution is done annually.
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
IWFL assets under management is 12.89 M USD. It's risen 43.28% over the last month.
IWFL fund flows account for −29.75 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.
No, IWFL doesn't pay dividends to its holders.
IWFL shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Feb 5, 2021, and its management style is Passive.
IWFL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
IWFL follows the Russell 1000 Growth. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IWFL price has risen by 31.04% over the last month, and its yearly performance shows a 12.75% increase. See more dynamics on IWFL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 39.36% over the last month, showed a −18.01% decrease in three-month performance and has increased by 11.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 39.36% over the last month, showed a −18.01% decrease in three-month performance and has increased by 11.77% in a year.
IWFL trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.