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SCDL ETRACS 2x Leveraged US Dividend Factor TR ETN

This is an exchange traded note issued by UBS Bank that is linked, before fees and expenses, to the 2x leveraged performance of the Dow Jones US Dividend 100 TR USD Index.This is the total return version of DJUSDIV. The starting universe for the index is the Dow Jones U.S. Broad Market Index, which includes the 2,500 largest U.S. stocks based on full market capitalization, excluding REITs. Stocks in the index universe are subject to the following screens for dividend payment consistency, size and liquidity: Minimum 10 consecutive years of dividend payments. Minimum float-adjusted market capitalization of US$ 500 million Minimum 3-month average daily trading volume of US$ 2 million. Stocks passing all three screens are ranked in descending order by indicated annual dividend yield. The top half of securities based on this ranking are eligible for stock selection. The remaining eligible stocks are then ranked using the following composite scoring system: 1) Cash flow to total debt 2) Return on equity 3) Indicated dividend yield 4) Five-year dividend growth rate. The 100 top-ranked stocks by the composite score are selected to the index.

As of 03/23/2023     IEX book   CBOE book

ETN Information
Sponsor:     Etracs ETNs (UBS Bank)
Category1:  US Equity
Category2:  Broad Market
Category3:  Multi-cap
Morningstar category:  
Leverage factor:  2.00
Inception date:  02/05/2021
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $0
Average volume:  496
Fees:     0.9500% *
*Financing fee of 3mLIBOR+.95%

Index Information
Dow Jones U.S. Dividend 100 Total Return Index
Index symbol:  DJUSDIVT
Provider:   S&P Dow Jones
Index weighting:   Market capitalization
Index inception date:  12/31/1998
Backtesting data exists:  
Number of holdings:  100
Factors used to select securities:

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