Specifically, equities make up 60% of the portfolio, including business development companies 15%, energy master limited partnerships 15%, mortgage real estate investment trusts 7.5%, U.S.-listed equities 7.5% and international equities 7.5%. Fixed-income, bonds and related assets make up 40% of the ETN, including munis ETFs 10%, high-yield bond ETFs 10%, emerging market bond ETFs 10% and preferred stock ETFs 10%.
“Since its inception, the index has delivered attractive returns and significant yields from a highly diversified asset pool,” Paul Somma, Senior ETRACS Structurer, said in the press release. “DVHL provides investors with 2x access to this compelling index that marries significant income potential and diversification, and further cements ETRACS’ reputation as a leading innovator of income-generating products.”
For more information on new fund products, visit our new ETFs category.