UBS ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN
LRET
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- May 4, 2015
- Similar Companies
- Business
- UBS ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN (LRET) is an exchange-traded note issued by UBS AG that provides monthly pay leveraged exposure to the U.S. REIT sector; it seeks to deliver two times the monthly compounded performance of the MSCI US REIT Index, less investor fees, with monthly coupon payments derived from the index's distributions. The MSCI US REIT Index is a free float-adjusted market capitalization-weighted benchmark comprising equity REIT securities with exposure to core real estate sectors such as residential and retail properties, as well as other types including casinos and theaters. Key features include an annual tracking fee rate of approximately 0.85%, leverage reset on a monthly basis with loss rebalancing events at -20% index decline and potential permanent deleveraging at -40%, and trading on NYSE Arca since its inception on May 5, 2015. Headquartered in Zurich, Switzerland, UBS AG, through its ETRACS brand, operates globally and offers this senior, unsecured, unsubordinated debt security targeting sophisticated income-seeking investors in the real estate and leveraged ETF/ETN segment. Recent developments include ongoing exchange offers for certain ETRACS ETNs announced in late 2019 to introduce Series B notes with UBS AG as sole issuer, potentially encompassing LRET amid broader product restructurings; no major new partnerships, acquisitions, or product launches specific to LRET have been reported in 2024 or 2025, with the ETN maintaining low assets under management around $549 thousand as of mid-2025.