Key stats
About ETRACS 2x Leveraged MSCI US Momentum 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
MTUL offers 2x the daily performance of an index of large- and mid-cap US companies with the highest price momentum. The index assigns a momentum value to each MSCI USA Index constituent using combined 12-month and 6-month price performance. These values are risk-adjusted using price returns over the period of three years to determine momentum score. The index selects securities with the highest momentum scores and weights them by the product of their market cap weight in the parent index and momentum score. Each security is capped at 5% weight. The index generally covers approximately 30% of the parent index market cap. As a leveraged product with quarterly resets, MTUL is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to compounding. Keep in mind MTUL is an exchange-traded note, holders are subject to the credit risk of UBS.
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
MTUL assets under management is 10.08 M USD. It's risen 37.48% over the last month.
MTUL fund flows account for −20.27 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, MTUL doesn't pay dividends to its holders.
MTUL 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.
MTUL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
MTUL follows the MSCI USA Momentum. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MTUL price has risen by 25.06% over the last month, and its yearly performance shows a 23.08% increase. See more dynamics on MTUL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 32.74% over the last month, showed a −5.25% decrease in three-month performance and has increased by 23.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 32.74% over the last month, showed a −5.25% decrease in three-month performance and has increased by 23.07% in a year.
MTUL trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.