ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)

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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 06.17.2013

Previous Close $22.99 Expense Ratio 0.35%
YTD Return 6.3% Avg. 30-Day Volume 176,727
1-Year Return 0.0% Market Cap Loading...
Bid $22.96 Shares Outstanding 2,450,000
Ask $23.00 Dividends $4.70
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Best Fit U.S. Mortgage Funds

1

Vanguard Mortgage-Backed Securities ETF (VMBS)

2

iShares Barclays MBS Bond Fund (MBB)

See full rankings for U.S. Mortgage Funds

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