ETRACS 2x Leveraged US Size Factor TR ETNETRACS 2x Leveraged US Size Factor TR ETNETRACS 2x Leveraged US Size Factor TR ETN

ETRACS 2x Leveraged US Size Factor TR ETN

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Key stats


Assets under management (AUM)
‪6.56 M‬USD
Fund flows (1Y)
‪−15.09 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.3%
Shares outstanding
‪300.00 K‬
Expense ratio
0.95%

About ETRACS 2x Leveraged US Size Factor TR ETN


Brand
ETRACS
Inception date
Feb 4, 2021
Structure
Exchange-Traded Note
Index tracked
Russell 2000
Management style
Passive
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
ISIN
US90278V4041
As a levered product, IWML is not a buy-and-hold ETN, it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000. The underlying index consists primarily of small-caps, but also drifts into midcaps and heavily into micro-caps, overall representing approximately 10% of the total market. Like many levered funds, IWML delivers 2x exposure only for one day. The fund also resets its leverage quarterly. 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


Asset Class
Equity
Category
Size and style
Focus
Small cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


IWML assets under management is ‪6.56 M‬ USD. It's risen 20.17% over the last month.
IWML fund flows account for ‪−15.09 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, IWML doesn't pay dividends to its holders.
IWML shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Feb 4, 2021, and its management style is Passive.
IWML expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
IWML follows the Russell 2000. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IWML price has risen by 19.06% over the last month, and its yearly performance shows a 0.45% increase. See more dynamics on IWML price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.84% over the last month, showed a 27.77% increase in three-month performance and has increased by 3.52% in a year.
IWML trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.