Fund Description
The ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN (NYSE: HOML) ( HOML or the ETN ) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the ISE Exclusively Homebuilders Total Return Index. The Index focuses solely on companies that engage in the development and construction of homes and communities. The Index is designed to provide direct exposure to homebuilders. The Index attempts to capture at least two-thirds of the homebuilders industry s market capitalization. Due to the non-uniform weight distribution across entire industries, a modified market capitalization-weighted methodology is used to adjust the weighting of the Index Constituent Securities. This modification prevents a few large Index Constituent Securities from dominating the Index and distorting an Index return that is representative of an industry sector.
Fund Profile
Fund Name ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN
Fund Exchange Ticker HOML
Fund Sponsor UBS
Fund ISIN US90274P3029
Net Expense Ratio 0.85 %
Fund Inception Date 11 March 2015
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name ISE Exclusively Homebuilders Total Return Index
Index Provider ISE
Currency Hedged No
Inverse / Leveraged Leveraged (2x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 8.57 Million (USD)
1 Month Total Return -0.10 %
Year To Date Return 79.42 %
1 Year Total Return -17.49 %
3 Year Annualized Total Return 26.25 %
NAV 42.86
Share Outstanding 200,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting