ETF Quote Details
|NAV (month end)||17.71|
|Premium (+)/Discount (-) (month end)||-0.79|
Zacks Premium Research for MORL
|Zacks ETF Rank [?]||Not rated 0|
|ETF Risk [?]||NA|
|ETF Research Report|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$5.39 (31.92%)|
The Market Vectors Global Mortgage REITs Index is a float-adjusted, market capitalization-weighted index designed to measure the performance of publicly-traded mortgage REITs. The Index provides 90% coverage of the investable mortgage REIT universe based on strict size and liquidity requirements.
The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors Global Mortgage REITs Index, reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to 2 times the cash distributions.