LRET

ETRACS Monthly Pay 2xLeveraged MSCI US REIT INDEX ETN
*Unless otherwise stated, data provided by FactSet.

LRET Fund Description

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN provides monthly 2x leveraged exposure to a market-cap-weighted index of US real estate investment trusts

LRET Factset Analytics Insight

LRET is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the MSCI U.S. REIT Index—a market-cap-weighted index of equity REIT securities in the US. The note is a senior, unsecured debt obligation of UBS, and as such, is subject to UBS’ credit risk.LRET’s expense ratio, while not cheap, is in line with other leveraged products in the Real Estate segment. LRET pays a variable coupon linked to the amount of cash distributions from the index constituents. The resulting rich yield will no doubt appeal to investors looking for current income from their portfolios. However, the investor’s principal is at risk, so the note’s total return may lag its yield, or may even be negative despite a high yield.Another feature in line with LRET’s positioning as a portfolio holding—rather than a trading—vehicle is the fact that leverage is reset monthly. This makes the note’s return performance less path-dependent than similar instruments with daily reset. Nevertheless, the long-term result is likely to be different from twice the return of the underlying index.It’s too early to judge LRET’s tradability, but the first few days of trading show promise. As with all new products, sparking investor interest and gathering assets will be a critical challenge to achieving stable liquidity, and ultimately will determine this product’s viability.

LRET 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 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LRET -4.56% 7.00% 1.34% 1.22% 11.09% -- --
LRET (NAV) -3.37% 7.40% 2.55% 3.90% 11.37% -- --
MSCI US REIT Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LRET Summary Data

UBS
ETRACS
05/06/15
Exchange-Traded Note
0.85%
$5.69M
0.52%

LRET Portfolio Data

8.06%
09/25/18

LRET Index Data

MSCI US REIT Index
Market Cap
Market Cap
N/A

LRET Fund Structure

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

LRET Tax Exposures

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

LRET Factset Analytics Block Liquidity

As of 09/21/18
5
4
3
2
1

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

LRET Tradability

1,215
$31.88K
931
$27.21K
0.52%
$0.13
-0.06%
5.93% / -4.31%
Potential
0.00%
50,000
0.02
0.13%
--
--
$25.22
N/A