MORLETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN(Exchange Traded Note Leveraged 2xMatures: 10/16/2042, Rebalanced: Monthly)
XTF Rating* 6.6
Price:$15.49 0.12(0.78%)
52 Week:$12.5 - $19.5
Volume: 121,900
Avg Daily Volume: 289,753
Market Cap: $416,913,350 Avg Trade Size: 465 shares
Fund Turnover: 95 days 5/23/2018 8:00:00 PM
Similar ETFs to MORL: MRRL

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN is an exchange-traded fund incorporated in the USA. The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL) ("MORL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors Global Mortgage REITs Index (the "Index"), reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to two times the cash distributions, if any, on the Index constituents, less any withholding taxes. The Market Vectors® Global Mortgage REITs Index (the 'Index') is a float-adjusted, market capitalization-weighted index designed to measure the performance of publicly traded mortgage REITs. The Index provides 90% coverage of the investable mortgage REIT universe based on strict size and liquidity requirements. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the Index; rather, any cash distributions on the Index constituents, less any withholding taxes, are reflected in the variable monthly coupon that may be paid to investors of the ETN). While the Index is designed to represent global mortgage REITs, it currently consists of only US-listed mortgage REITs.

Inception Date: 10/17/2012Geography: Global  Asset Class: Real Estate
Primary Exchange: NYSE ArcaInvestment Philosophy: Passively Managed
Issuer: UBS Global Asset ManagementUnderlying Index: MVIS Global Mortgage REITs Index
Index Provider: MV Index Solutions (VanEck)Index Composition: Cap-Weighted

Structural Integrity
Investment Metrics
Fund Holdings
Fund Exposure
News Headlines
MORL Structural Integrity ranks in the 66th percentile (among all 46 Real Estate ETFs over past 6 months).
as of 3/29/2018 Value  Rank (%)
Expense Ratio 0.40% 
 66%
Average Bid Ask Ratio Premium Content 
 26.2%
Tracking Error Premium Content 
 38.6%
Concentration Risk Premium Content 
 14.3%
Market Impact Premium Content 
 65.2%
Efficiency Premium Content 
 97.7%
Cap Gains Dist Premium Content 
 100%
     
as of 5/23/2018  
Avg Number of Components   (range) 25   (25-25)
Legal Structure Senior, Unsecured, Unsubordinated Debt 
Annual Yield 21.3%
Last Dividend PaidDate 0.08, 5/10/2018   See Distributions
Options / Futures Available N  /  N 
Short Interest / Days to Cover 0.1% /  0 days
Net Asset Value $415,812,526 
Premium (Discount) 0.26% 
*The XTF Rating for an ETF is based on statistical analysis of its structural integrity and investment metric giving a total range between 0 and 10 with 10 being the best. Read More.





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