MVRL – ETRACS Mnthly Py 1.5X Lvgd Mtg REIT ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index (the “index”), reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MVRL	ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN	ETF	Open	—	—	Jun 2, 2020	$9.18M	—	—	—	−$2.31M

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