UBS begun trading the ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN (NYSE Arca: LRET) on Wednesday, May 06, 2015.
Here is a synopsis of the new ETN:

 

FUND INFORMATION:

Symbol: LRET	Exchange: NYSE Arca
Name: ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN	Net Expense Ratio: 0.85%

FUND OBJECTIVE:

The ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN is an exchange-traded note linked to the monthly compounded 2x leveraged performance (200%) of the MSCI US REIT Index, less investor fees.

 

REFERENCE INDEX:

The MSCI US REIT Index is a free float‐adjusted market capitalization weighted index that is comprised of US equity REIT securities. The Index includes securities with exposure to core real estate (e.g. residential and retail properties) as well as securities with exposure to other types of real estate (e.g.casinos and theaters). The Index was created on June 20, 2005, and therefore, has no performance history prior to that date. As of March 31, 2015, the Index included 140 companies.

 

KEY FEATURES:

– Monthly compounded 2x leveraged exposure to the MSCI US REIT Index, less investor fees.
– Significant income potential in the form of a variable monthly coupon linked to 2x the cash distributions, if any, on the Index constituents. As of April 30, the doubled index yield for LRET’s underlying index was 7.45%.
– Leverage that is reset monthly, not daily.

 

Index Top Components (03/31/15):

Name	Ticker Symbol	Weight
SIMON PROPERTY GROUP	SPG	8.48%
PUBLIC STORAGE	PSA	4.04%
HEALTH CARE REIT	HCN	3.74%
EQUITY RESIDENTIAL	EQR	3.74%
VENTAS INC	VTR	3.30%
AVALONBAY COMMUNITIES	AVB	3.21%
PROLOGIS	PLD	3.04%
BOSTON PROPERTIES	BXP	3.00%
HCP	HCP	2.77%
VORNADO REALTY TRUST	VNO	2.64%

 

 

Useful Links:
LRET Home Page