ETRACS 2x Leveraged US Dividend Factor TR ETN
SCDL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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 US Dividend Factor TR ETN (SCDL) is an exchange-traded note issued by UBS AG that provides 2 times leveraged long exposure to the compounded quarterly performance of the Dow Jones US Dividend 100 TR USD Index, less investor fees, financing costs, and tracking fees; the underlying total return index tracks a market-cap-weighted basket of 100 high dividend-paying U.S. companies, excluding REITs, selected for consistent dividend payments and fundamental financial strength relative to peers based on key ratios. Launched on February 5, 2021, and listed on NYSE Arca under ticker SCDL with CUSIP 90278V206, the ETN matures on February 9, 2051, features a 0.95% annual tracking fee accrued daily, and an annual financing fee based on 3m CME Term SOFR plus adjustments, without paying coupons. As senior, unsecured, unsubordinated debt securities, ETRACS ETNs, including SCDL, target investors seeking leveraged access to equity index total returns in the leveraged equity segment. In May 2024, following the merger of UBS AG and Credit Suisse AG, UBS assumed obligations for certain outstanding Credit Suisse-issued ETNs, rebranding them under the ETRACS name while retaining their tickers, CUSIPs, and terms, enhancing UBS's structured product portfolio amid ongoing integration. Recent operational updates include UBS declaring coupon payments on multiple ETRACS ETNs, such as in November 2025 and June 2025, though SCDL itself does not pay coupons, and announcing redemptions of seven other UBS-issued ETNs in November 2024. These activities reflect UBS's active management of its ETRACS lineup, with no specific new launches, partnerships, or strategic shifts reported for SCDL in the last 1-2 years. Headquartered in Zurich, Switzerland, UBS AG operates the ETRACS brand globally, primarily serving U.S. investors through NYSE Arca listings, with SCDL focusing on domestic U.S. dividend factor strategies for retail and institutional clients seeking amplified exposure to high-quality dividend payers.