Key stats
About ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN
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Inception date
Jun 2, 2020
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
ISIN
US90269A3445
MVRLs index consists of US mortgage REITs which includes REITs engaged in the purchase or service of commercial or residential mortgage loans or mortgage related securities. The return on the note is linked to the performance of the price return of the MVIS US Mortgage REITs Index. Unlike most levered funds which usually reset daily MVRL offers 1.5x leveraged exposure over quarterly periods. Over periods spanning more than the quarterly reset dates, returns can vary significantly from its promised 1.5x exposure. However, the securities may pay a monthly coupon during their term. MVRL is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to quarterly compounding. Because this is a tactical tool, liquidity rather than holding cost is paramount for the note.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MVRL last dividends amounted to 0.17 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 52.93% increase.
MVRL assets under management is 13.99 M USD. It's fallen 3.74% over the last month.
MVRL fund flows account for −8.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MVRL pays dividends to its holders with the dividend yield of 19.81%. The last dividend (Sep 23, 2025) amounted to 0.17 USD. The dividends are paid quarterly.
MVRL shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Jun 2, 2020, and its management style is Passive.
MVRL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
MVRL follows the MVIS US Mortgage REITs. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MVRL price has fallen by −3.43% over the last month, and its yearly performance shows a −18.99% decrease. See more dynamics on MVRL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.27% over the last month, showed a 5.75% increase in three-month performance and has decreased by −5.99% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.27% over the last month, showed a 5.75% increase in three-month performance and has decreased by −5.99% in a year.
MVRL trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.