- What are the top holdings of SCDL?
- A machine-readable holdings disclosure for ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) is not available from our data sources — fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
- What sectors does SCDL invest in?
- ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is SCDL most exposed to?
- SCDL's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is SCDL a US-only fund?
- The country allocation card on this page shows SCDL's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does SCDL invest in?
- SCDL provides 2x leveraged exposure to the Dow Jones US Dividend 100 Index. This market-capitalization-weighted benchmark systematically excludes Real Estate Investment Trusts and screens for companies with a consistent dividend payment history of at least ten years. The portfolio's selection is guided by several key fundamental metrics, including cash-flow to debt ratio, return on equity (ROE), dividend yield, and dividend growth rates. This investment methodology often leads to a slight large-cap bias and distinct sector allocations, favoring industrial and consumer-oriented firms while having reduced exposure to financials. A key differentiator for SCDL, compared to other ETNs, is that it does not pay any coupon and resets its leverage quarterly, rather than daily. Furthermore, akin to all ETNs, SCDL's value is dependent on the credit risk of its issuing bank, UBS, and is not directly backed by underlying stocks. The index it tracks is reviewed annually and rebalanced every quarter.
