UBS Launches Clone ETNs

Oct 28, 2019

Reviewed by: Heather Bell

Edited by: Heather Bell

On Friday, UBS rolled out five new ETRACS ETNs that offer the same coverage as existing products in the family. The new products and their expense ratios are as follows:

ETRACS 2x Monthly Leveraged Wells Fargo Diversified Business Development Company Index ETN Series B (BDCY), 0.85%
ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B (CEFZ), 0.90% (0.50% annual tracking rate + 0.40% financing spread)
ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB), 0.50%
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB), 0.85%
ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B (LMLB), 0.85%

All five ETNs list on the NYSE Arca.

The original ETNs offered by UBS that offer the same coverage include the following:

The original ETNs were launched between five and 10 years ago and range in size from approximately $20 million in assets under management to nearly $237 million. For all intents and purposes the new ETNs seem to be the same products as the original versions, but with different maturity dates.

Additional Changes To ETFs

Effective Date	Affected Fund	Change
10/28/2019	Impact Shares NAACP Miniority Empowerment ETF (NACP)	NACP's expense ratio was lowered from 0.76% to 0.75%.
10/28/2019	Impact Shares Sustainable Development Goals Global Equity ETF (SDGA)	SDGA's expense ratio was lowered from 0.76% to 0.75%.
10/28/2019	Impact Shares YWCA Women's Empowerment ETF (WOMN)	WOMN's expense ratio was lowered from 0.76% to 0.75%.
10/25/2019	WBI BullBear Rising Income 3000 ETF (WBIE)	WBIE acquired the WBI BullBear Rising Income 2000 ETF (WBIA) and changed its name from the WBI BullBear Rising Income 1000 ETF.
10/25/2019	WBI BullBear Value 3000 ETF (WBIF)	WBIF acquired the WBI Bull Bear Value 2000 ETF (WBIB) and changed its name from the WBI BullBear Value 1000 ETF.
10/25/2019	WBI BullBear Yield 3000 ETF (WBIG)	WBIG acquired the WBI BullBear Yield 2000 ETF (WBIC) and changed its name from the WBI BullBear Yield 1000 ETF.
10/25/2019	WBI BullBear Quality 3000 ETF (WBIL)	WBIL acquired the WBI BullBear Quality 2000 ETF (WBID) and changed its name from the WBI BullBear Quality 1000 ETF.
10/22/2019	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH)	GUSH will undergo a 1-for-10 reverse split on 11/22/2019.
10/21/2019	American Energy Independence ETF (USAI)	USAI will reorganize into the newly created Pacer American Energy Independence ETF in December 2019.
10/21/2019	Aptus Behavioral Momentum ETF (BEMO)	BEMO will change its name and ticker to Aptus Drawdown Managed Equity ETF (ADME) and drop its index, the Aptus Behavioral Momentum Index, to become actively managed as of 11/8/2019.
10/21/2019	Premise Capital Frontier Advantage Diversified Tactical ETF (TCTL)	TCTL will change its name to the Premise Capital Diversified Tactical ETF as of 11/1/2019.
10/14/2019	Salt Low truBeta US Market ETF (LSLT)	LSLT will reorganize into a corresponding, newly created series of ETF Series Solutions with the same name in December
10/11/2019	Aberdeen Standard Physical Swiss Gold Shares ETF (SGOL)	SGOL to undergo 10-for-1 forward split on 11/1/2019.
10/4/2019	United States 3x Short Oil Fund (USOD)	USOD underwent a 1-for-2 reverse split.
10/2/2019	Franklin Liberty U.S. Low Volatility ETF (FLLV)	FLLV's expense ratio was lowered from 0.50% to 0.29%.
10/1/2019	ProShares Global Listed Private Equity ETF (PEX)	PEX's expense ratio was raised from 2.78% to 3.13%.
10/1/2019	Xtrackers MSCI Japan Hedged Equity ETF (DBJP)	DBJP's expense ratio was cut from 0.46% to 0.45%.
10/1/2019	Xtrackers MSCI Europe Hedged Equity ETF (DBEU)	DBEU's expense ratio was cut from 0.46% to 0.45%.
10/1/2019	Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR)	ASHR's expense ratio was cut from 0.66% to 0.65%.
10/1/2019	SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)	HYMB's name changed to the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF, while its index changed from the S&P Municipal Yield Index to the Bloomberg Barclays Municipal High Yield Index.
9/30/2019	FormulaFolios Tactical Growth ETF (FFTG)	The expense ratio for SECT was lowered from 1.04% to 1.02%.
9/30/2019	Main Sector Rotation ETF (SECT)	The expense ratio for SECT was raised from 0.78% to 0.83%.
9/23/2019	SPDR ACWI IMI ETF (ACIM)	ACIM changed its name to the SPDR Portfolio MSCI Global Stock Market ETF and its ticker to SPGM. The expense ratio was lowered from 0.25% to 0.09%.
9/23/2019	SPDR Bloomberg Barclays Corporate Bond ETF (CBND)	CBND changed its name to the SPDR Portfolio Corporate Bond ETF and its ticker to SPBO.
9/23/2019	SPDR ICE BofAML Broad High Yield Bond ETF (CJNK)	CJNK changed its name to the SPDR Portfolio High Yield Bond ETF and its ticker to SPHY.
9/23/2019	SPDR STOXX Europe 50 ETF (FEU)	FEU has changed its index from the STOXX Europe 50 Index to the STOX Europe Total Market Index. It also changed its name to the SPDR Portfolio Europe ETF and its ticker to SPEU. The expense ratio was cut from 0.29% to 0.09%.
9/23/2019	SPDR Bloomberg Barclays TIPS ETF (IPE)	IPE changed its name to the SPDR Fportfolio TIPS ETF and its ticker to SPIP. The expense ratio was cut from 0.15% to 0.12%.
9/23/2019	SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE)	ITE changed its name to the SPDR Portfolio Intermediate Term Treasury ETF and its ticker to SPTI.
9/23/2019	SPDR Portfolio Mortgage Backed Bond ETF (MBG)	MBG changed its name to the SPDR Portfolio Mortgage Backed Bond ETF and its ticker to SPMB.
9/23/2019	iShares Global Consumer Discretionary ETF (RXI)	The index for RXI changed from the S&P Global 1200 Consumer Discretionary Index to the S&P Global 1200 Consumer Discretionary (Sector) Capped Index.
9/23/2019	United States 3x Short Oil Fund (USOD)	USOD will undergo a reverse 1-for-2 reverse split on 10/4/2019.

Contact Heather Bell at [email protected]

Heather Bell

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.

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UBS Launches Clone ETNs

UBS Launches Clone ETNs

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