FIHD UBS AG FI Enhanced Global High Yield ETN

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FIHD UBS AG FI Enhanced Global High Yield ETN

This is an exchange traded note issued by UBS Bank that tracks twice (2x) the returns of the MSCI World High Dividend Yield USD Gross Total Return Index. The Index includes large and mid cap stocks across developed markets countries. Index targets companies with high dividend income and quality characteristics and includes companies that have higher than average dividend yields that are both sustainable and persistent. Index construction starts with a dividend screening process: only securities with a track record of consistent dividend payments and with the capacity to sustain dividend payouts into the future are eligible index constituents. Securities are also screened based on certain “quality” factors such as return on equity (ROE), earnings variability, debt to equity (D/E), and on recent 12-month price performance. The goal is to exclude stocks with potentially deteriorating fundamentals that could be forced to cut or reduce dividends. From the list of eligible companies, only those with higher than average dividend yields are selected for inclusion in the index. Issuer weights are capped at 5%.

Note: for some reason, Etracs ETNs (UBS Bank) does not maintain a public website for this ETN.

As of 11/25/2022     IEX book   CBOE book

ETN Information
Sponsor:     Etracs ETNs (UBS Bank)
Category1:  Global Equity
Category2:  Developed markets
Category3:  Large and mid cap
Morningstar category:  World Large Stock
Leverage factor:  2.00
Inception date:  02/22/2016
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $0
Average volume:  218
Fees:     0.8000%

Index Information
MSCI World High Dividend Yield USD Gross Total Return Index
Index symbol:  MHDYWOUG
Provider:   MSCI
Note: Tracks a total return index
Index weighting:   Market capitalization
Index inception date:  10/31/2006
Backtesting data exists:   No
Index factsheet:  Read PDF
Number of holdings:  271  (as of 12/18/2017)
Strategy:  Quality investing
Rebalanced:  Semi-annually
Reconstituted:  Semi-annually
Factors used to select securities:

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