Investors can now super charge their income portfolio with UBS’s new leveraged diversified high income exchange traded note.

The ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN (NYSEArca: DVHL), which began trading last week, tries to generate the variable monthly coupon linked to 2 times the net cash distributions of the underlying index, NYSE Diversified High Income Index, which comes out to be 13.63%, according to a press release.

The new ETN is a leveraged version of the ETRACS Diversified High Income ETN (NYSEArca: DVHI), which launched in September. DVHI’s index yield is 7.71%.

DVHL’s leverage component is reset monthly, unlike most other exchange traded funds that track holdings on a daily basis. Consequently, investors may hold the ETN for a longer period, but the performance can still diverge over extended periods due to compounding effects.

As a diversified portfolio, the ETN tracks various geographic regions and a diverse group of asset classes and sectors. Along with individual stocks, HDVL also includes broad exchange traded funds to capture sector and asset allocations.

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