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ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN Stock Quote & Summary Data

(ETF)
MORL 
$21.1
*  
0.18
 negative 
0.86%
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*Delayed - data as of Apr. 16, 2014 


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Description

The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL) ("MORL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors Global Mortgage REITs Index (the "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, if any, on the Index constituents, less any withholding taxes. The Market Vectors Global Mortgage REITs Index (the "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 Index is a price return index (i.e., the reinvestment of dividends is not reflected in the Index; rather, any cash distributions on the Index constituents, less any withholding taxes, are reflected in the variable monthly coupon that may be paid to investors of the ETN). While the Index is designed to represent global mortgage REITs, it currently consists of only US-listed mortgage REITs. The Index was created on August 4, 2011 and, therefore, has no performance history prior to that date.


Underlying Index Market Vectors Global Mortgage REITs Index
Management Fee 0.35
Asset Class Multi Asset
Leverage 2

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