# UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL): ETF Facts & Distributions

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- Issuer: UBS · Asset class: Equity
- Strategy: Thematic · Inception: 2015-10-09

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 tim...

## Key Facts

| Metric | Value |
|---|---|
| Price | $0.21 |
| Expense Ratio | 0.40% |
| Assets Under Management | $293.8M |
| NAV | $0.20 |
| Holdings Count | 0 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $0.20 – $15.89 |
| Beta | 1.25 |

## Latest Distribution

- Amount: $0.0560 /share
- Ex-date: 2020-03-11
- Pay date: —

## Frequently Asked Questions

### 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.

### Does MRRL pay a dividend?

UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B (MRRL) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does MRRL pay dividends?

UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is MRRL's dividend yield?

MRRL's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is MRRL's next ex-dividend date?

The most recently announced ex-dividend date for MRRL was 2020-03-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will MRRL's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does MRRL charge its expense ratio?

The expense ratio is deducted in tiny daily slices from MRRL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does MRRL cost more than a fund like VOO?

MRRL's strategy (current expense ratio 0.40%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MRRL sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to MRRL?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MRRL (0.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/mrrl
- Distribution history: https://www.dividenddata.com/funds/mrrl/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/mrrl/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/mrrl/expenses
- Peer comparison: https://www.dividenddata.com/funds/mrrl/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.