UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B

Frequently Asked Questions About MRRL

What does MRRL invest in?

The investment seeks a return linked to the Market Vectors Global Mortgage REITs Index. The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 is a series of Monthly Pay 2xLeveraged ETRACS. The index tracks the overall performance of publicly-traded mortgage REITs that derive at least 50% of their revenues from mortgage-related activities. The Securities are senior unsecured debt securities issued by UBS AG. The Securities are two times leveraged with respect to the index, and, as a result, will benefit from two times any positive, but will be exposed to two times any negative, compounded monthly performance of the index.

What is the expense ratio of MRRL?

UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MRRL?

UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL) manages $293.8M 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 MRRL actively managed or an index fund?

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

When was MRRL launched?

UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL) launched in October 2015 and is managed by UBS.

How has MRRL performed?

MRRL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.