SCDL

ETRACS 2x Leveraged US Dividend Factor TR ETN seeks to provide 2 times leveraged long exposure to the compounded quarterly performance of the Dow Jones US Dividend 100 TR USD.The fund is linked to the performance of the Dow Jones U.S. Dividend 100 Total Return Index, which is sponsored by S&P Dow Jones Indices. The index is designed to measure the performance of 100 high dividend-paying U.S. companies, excluding REITS, with a record of consistently paying dividends. The Securities seek to approximate the quarterly returns that might be available to investors through a leveraged "long" investment in the Index Constituent Securities.