FBGX

UBS AG FI Enhanced Large Cap Growth ETN
*Unless otherwise stated, data provided by FactSet.

FBGX Fund Description

FBGX provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with quarterly leverage resets.

FBGX Factset Analytics Insight

FBGX provides leveraged exposure to an index of US large-cap growth stocks that's particularly heavy on technology and consumer cyclical firms. Unlike most geared products, the note resets its leverage only quarterly. There is a fee at each reset. This strategy of quarterly resets mutes the effects of compounding and path dependency that plague other leveraged funds, but it also means that the note's effective leverage can float away from 2X in between resets. It also means that while the fund is easier to hold over time than other leveraged products, those holding costs will be a more serious consideration than for comparable single-day leverage products. Liquidity is middling, with occasionally wide spreads, and trading volume is low for an ETN with such a large asset base, but that's because FBGX is a 'bespoke' product, created for Fisher Asset Management and its clients. The notes are unadvertised—lacking even a website—because they aren’t intended for individual investors. Also consider FLGE, a similar series of notes (offered by UBS rather than Credit Suisse) tracking the same index.

FBGX CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/22/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FBGX -1.04% 8.69% 47.42% -1.22% 26.48% 21.53% --
FBGX (NAV) -2.35% 8.77% 45.51% -1.86% 26.20% 21.41% --
Russell 1000 Growth -1.05% 4.86% 23.31% 6.91% 16.65% 13.24% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FBGX Summary Data

UBS
06/11/14
Exchange-Traded Note
1.29%
$1.57B
0.45%

FBGX Portfolio Data

0.00%
N/A

FBGX Index Data

Russell 1000 Growth
Multi-Factor
Multi-Factor
N/A

FBGX Fund Structure

No
N/A
N/A / N/A
UBS AG (London Branch)
Low
Low
2
Quarterly

FBGX Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FBGX Factset Analytics Block Liquidity

As of 08/23/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FBGX. FBGX is rated a N/A out of 5.

FBGX Tradability

3,006
$834.99K
2,603
$738.20K
0.45%
$1.29
-0.04%
2.22% / -1.47%
Potential
0.00%
50,000
0.05
0.00%
--
--
$278.24
N/A