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About ETRACS 2x Leveraged US Dividend Factor TR ETN
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Inception date
Feb 4, 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
SCDL offers 2x exposure to the Dow Jones US Dividend 100 Indexa market-cap-weighted index that excludes REITs and screens for firms with a 10-year history of paying dividends. The index portfolio is curated using the following fundamental metrics: cash-flow to debt ratio, ROE, dividend yield and dividend growth rate. This approach gives a modest large-cap tilt, and comes with sector biases that lean toward industrials and consumer stocks, and away from financials. Unlike other ETNs, SCDL does not pay any coupon. It also resets its leverage quarterly, rather than daily. And like all ETNs, SCDL is not directly backed by stocks but by the credit of the issuing bank, UBS. The underlying index is reviewed annually and rebalanced quarterly.
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
SCDL assets under management is 11.63 M USD. It's risen 3.87% over the last month.
SCDL fund flows account for −28.78 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, SCDL doesn't pay dividends to its holders.
SCDL 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.
SCDL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SCDL follows the Dow Jones U.S. Dividend 100. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SCDL price has risen by 8.94% over the last month, and its yearly performance shows a 13.78% increase. See more dynamics on SCDL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.17% over the last month, showed a 21.68% increase in three-month performance and has increased by 13.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.17% over the last month, showed a 21.68% increase in three-month performance and has increased by 13.88% in a year.
SCDL trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.