UBS ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN
HOML
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Mar 10, 2015
- Similar Companies
- Business
- UBS ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN (HOML) is an exchange-traded note issued by UBS AG that provides two times (2x) leveraged monthly resetting exposure to the performance of the ISE Exclusively Homebuilders Total Return Index, less investor fees. The underlying index tracks U.S. companies exclusively engaged in the development, construction, and sale of residential homes and communities, employing a modified market capitalization-weighted methodology to represent at least two-thirds of the homebuilders industry's market capitalization while preventing dominance by a few large constituents; it includes securities from homebuilders such as developers of single-family homes, multi-family units, and related community projects. HOML offers investors amplified long exposure to the U.S. homebuilding sector without direct ownership of the index constituents, with a net expense ratio of 0.85%, traded on NYSE Arca, and originally scheduled to mature on March 13, 2045. The ETN's primary service is delivery of leveraged returns based on monthly compounding of the index performance, enabling targeted bets on homebuilder stock movements amid housing market cycles; it does not pay dividends, hold physical assets, or distribute index securities directly. As of late 2025, HOML maintains minimal outstanding shares of approximately 30,000, assets under management around $272 thousand, and low average daily volume near 375 shares, reflecting its niche status among leveraged single-sector ETNs. Launched in March 2015 by UBS Investment Bank as part of the ETRACS suite of structured products, HOML is headquartered with its issuer in Zurich, Switzerland, with primary listing and operations in the United States. In March 2020, UBS announced a mandatory redemption of all outstanding HOML notes due to market conditions, though the ticker persists with residual trading activity and updated indicative values into 2025. No major partnerships, new product launches, funding rounds, or strategic expansions specific to HOML have been reported in the last 1-2 years, with UBS continuing routine ETN management activities like coupon declarations and redemptions across its portfolio amid broader Credit Suisse integration efforts post-2023 acquisition. The product targets sophisticated investors seeking leveraged sector exposure, primarily in North American markets focused on U.S. residential construction dynamics.