ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)

  • Loading...

Fund Description

The investment seeks to link to the Market Vectors® Global Mortgage REITs Index. The index tracks the overall performance of publicly-traded mortgage REITs that derive at least 50% of their revenues from mortgage-related activities. The Securities are senior unsecured debt securities issued by UBS AG (UBS). The Securities provide a monthly compounded two times leveraged long exposure to the performance of the Index, reduced by the Accrued Fees.

Fund Snapshot Updated 04.16.2014

Previous Close $21.04 Expense Ratio 0.35%
YTD Return 21.05% Avg. 30-Day Volume 195,295
1-Year Return 10.7% Market Cap Loading...
Bid $21.07 Shares Outstanding 10,500,000
Ask $21.09 Dividends $4.49

Best Fit U.S. Mortgage Funds

See full rankings for U.S. Mortgage Funds