Fund Description
The ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN (NYSE: LRET) ( LRET ) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of MSCI US REIT Index, less investor fees. LRET has been approved for listing on the NYSE Arca exchange (subject to official notice of issuance) and pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents. The MSCI US REIT Index is a free float-adjusted market capitalization index that is comprised of equity REITs. The index is based on MSCI USA Investable Market Index (IMI) its parent index which captures large, mid and small caps securities. With 139 constituents, it represents about 99% of the US REIT universe and all securities are classified in the REIT sector according to the Global Industry Classification Standard (GICS).
Fund Profile
Fund Name ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN
Fund Exchange Ticker LRET
Fund Sponsor UBS
Fund ISIN US90274R1005
Net Expense Ratio 0.85 %
Fund Inception Date 5 May 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 MSCI US REIT Index
Index Provider MSCI
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 6.30 Million (USD)
1 Month Total Return 3.03 %
Year To Date Return 30.78 %
1 Year Total Return 15.51 %
3 Year Annualized Total Return 2.25 %
NAV 27.39
Share Outstanding 230,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting