Frequently Asked Questions About IWDL

What does IWDL invest in?

IWDL is an Exchange Traded Note (ETN) designed to provide investors with double the leveraged exposure to the value segment within the US large-cap equity market. Its performance is tied to the total return variant of the Russell 1000 Value index, which is composed of firms characterized by lower price-to-book ratios and more modest growth projections. This instrument recalibrates its leverage quarterly. Importantly, as a leveraged product, IWDL is not suited for long-term holding; its intended leveraged returns are typically consistent only over a single day. Furthermore, given its structure as an ETN, investors also bear the credit risk associated with its issuer, UBS.

What is the expense ratio of IWDL?

ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is IWDL a good long-term hold?

IWDL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does IWDL's daily reset work?

IWDL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is IWDL?

ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) manages $7.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IWDL actively managed or an index fund?

IWDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

IWDL (ETRACS 2x Leveraged US Value Factor TR ETN) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

IWDL

ETRACS 2x Leveraged US Value Factor TR ETN

AMEX·Asset Management, Leveraged · Financial Services

$70.25$0.04−0.06%

Market closed·Aug 18 8:00 PM UTC

Price Chart

$70.25−$0.04 (−0.06%)today

+114.10%CAGR +16.45%

Select date range

FromTo

Feb 5, 2021Sep 8, 2021 → Sep 8, 2026· 5.0 yrsSep 8, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio0.95%

Cost per 10k Invested$95.00

AUM$7.02M

Avg Daily Volume801.00

Price$70.25

NAV$70.25

Premium / Discount−0.01%

52-Week Range$43.23 – $70.29

Beta1.61

Fund Overview

Cost Verdict

Is IWDL's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: ETRACS
Asset Class: Equity
Strategy: Leveraged
Inception: February 5, 2021
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US90278V1070
CUSIP: 90278V107
Website: etracs.ubs.com/product/detail/index/ussymbol/IWDL

Peers

Peers Tab

IWFL

ETRACS 2x Leveraged US Growth Factor TR ETN

Cap

$12.6M

USML

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Cap

$9.6M

SKF

ProShares UltraShort Financials

Cap

$9.9M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About IWDL

What does IWDL invest in?: IWDL is an Exchange Traded Note (ETN) designed to provide investors with double the leveraged exposure to the value segment within the US large-cap equity market. Its performance is tied to the total return variant of the Russell 1000 Value index, which is composed of firms characterized by lower price-to-book ratios and more modest growth projections. This instrument recalibrates its leverage quarterly. Importantly, as a leveraged product, IWDL is not suited for long-term holding; its intended leveraged returns are typically consistent only over a single day. Furthermore, given its structure as an ETN, investors also bear the credit risk associated with its issuer, UBS.
What is the expense ratio of IWDL?: ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
Is IWDL a good long-term hold?: IWDL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does IWDL's daily reset work?: IWDL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is IWDL?: ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) manages $7.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is IWDL actively managed or an index fund?: IWDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.