IWMLETRACS 2x Leveraged U.S. Size Factor TR ETN
IWML Fund Description
IWML provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies.
IWML Factset Analytics Insight
As a levered product, IWML is not a buy-and-hold ETN, it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000. The underlying index consists primarily of small-caps, but also drifts into midcaps and heavily into micro-caps, overall representing approximately 10% of the total market. Like many levered funds, IWML delivers 2x exposure only for one day. The fund also resets its leverage quarterly. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS. Index reconstitution is done annually.
IWML Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IWML. IWML is rated a N/A out of 5.