ETRACS 2x Leveraged MSCI US Quality Factor TR ETN
QULL
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
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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
- 1285 Avenue of the Americas New York NY United States of America 10019
- IPO Date
- Feb 9, 2021
- CIK
- 0001114446
- Website
- etracs.ubs.com
- Similar Companies
- Business
- ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL), issued by UBS AG, provides 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA Sector Neutral Quality GR USD Index, less financing costs and tracking fees. The underlying total return index targets large- and mid-cap U.S. equities from the MSCI USA Index that demonstrate superior quality characteristics relative to sector peers, including metrics such as high return on equity, stable year-over-year earnings growth, and low financial leverage. Traded on NYSE Arca with CUSIP 90278V503, the ETN features an annual tracking fee of 0.95%, an annual financing fee based on 3-month CME Term SOFR plus adjustments, an initial trade date of February 5, 2021, and a maturity date of February 9, 2051. UBS AG, headquartered in Zurich, Switzerland, with principal executive offices also in Basel, Switzerland, traces its origins to 1862 through predecessor institutions and serves as a leading global wealth manager, universal bank, and provider of diversified asset management and investment banking solutions. The firm operates in over 50 markets worldwide, including major hubs in New York, London, Hong Kong, and Singapore, and issues the ETRACS suite of exchange-traded notes (ETNs) targeting various market indices linked to equities, commodities, currencies, and bonds. ETRACS ETNs, as senior unsecured debt obligations of UBS AG, offer investors leveraged, inverse, and income-generating strategies not always accessible through traditional products. In recent developments, UBS AG completed its acquisition of Credit Suisse in June 2023, integrating operations to manage approximately $5.7 trillion in invested assets and advancing toward $13 billion in gross cost savings by end-2026, with client migrations and branch consolidations progressing as planned. As part of post-acquisition restructuring, UBS assumed three outstanding Credit Suisse ETNs in 2024 and rebranded them under the ETRACS platform, including covered call ETNs linked to gold, silver, and crude oil, thereby expanding its U.S. ETN offerings. In April 2025, UBS formed a strategic alliance with 360 ONE WAM Ltd. in India, involving a 4.95% stake acquisition via warrants and the sale of onshore wealth operations, while enhancing private credit capabilities through a partnership with General Atlantic.