Key stats
About ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
Home page
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
USML offers 2x the daily performance of the MSCI USA Minimum Volatility Index, an index that optimizes the MSCI USA Index (parent index) to create a minimum-volatility portfolio within a given set of constraints. This optimization process uses an estimated co-variance matrix based on the Barra multi-factor equity model. Index constituents are constrained such that each individual constituent has a weight greater than 0.5% but is limited to 1.5% weight of the index, and sector weights will not deviate more than +/- 5% from the sector weights of the parent index. As a geared product with quarterly resets, USML 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. In addition, keep in mind USML 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
USML assets under management is 12.46 M USD. It's risen 1.63% over the last month.
USML fund flows account for −28.54 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, USML doesn't pay dividends to its holders.
USML 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.
USML expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
USML follows the MSCI USA Minimum Volatility (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USML price has risen by 0.54% over the last month, and its yearly performance shows a 21.06% increase. See more dynamics on USML price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.36% over the last month, showed a −0.36% decrease in three-month performance and has increased by 22.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.36% over the last month, showed a −0.36% decrease in three-month performance and has increased by 22.47% in a year.
USML trades at a premium (0.24%) meaning the ETF is trading at a higher price than the calculated NAV.