UBRTAxelaTrader 3x Long Brent Crude Oil ETN
UBRT Fund Description
UBRT provides daily 3x leveraged exposure to an index of front-month Brent crude oil futures contracts.
UBRT Factset Analytics Insight
Like most geared products, UBRT is intended as a trading tool and not a buy and hold investment. The fund provides 3x leveraged exposure to its index for a one-day period. Due to the daily reset nature of the fund, investors who hold UBRT for longer periods are exposed to the effects of compounding and could see returns that vary significantly from the 3x exposure to the index. The underlying index tracks a hypothetical position in the nearest-to-expiration Brent crude oil futures contract, rolling that position on a monthly basis to the next available front-month contract. Unique in the space, UBRT tracks only Brent crude oil, eliminating any exposure to Brent’s US counterpart, WTI crude oil. As an ETN, UBRT is backed by the credit of Credit Suisse AG, rather than futures and cash as in a commodity pool structure. Also, investors will receive a 1099 at tax time, instead of a K-1. UBRT is expensive to hold, but trading costs matter more for this tactical tool.
UBRT CHARTS AND PERFORMANCE
UBRT Portfolio Data
UBRT Index Data
UBRT Fund Structure
UBRT Tax Exposures
UBRT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UBRT. UBRT is rated a N/A out of 5.