NYSE ARCA | ETF
The investment seeks a return linked to the total return version of the ISE Exclusively Homebuilders Index (the ?index?).
The ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN due March 13, 2045 (the ?Securities?) are a series of Monthly Reset 2xLeveraged Exchange Traded Access Securities (ETRACS).
The index is focused exclusively on homebuilding stocks.
The Securities are designed to provide a two times leveraged long exposure to the performance of the index compounded on a monthly basis, reduced by the Accrued Fees.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| LEN | Lennar Corporation | Consumer Cyclical | Residential Construction | 10.65% |
| DHI | DR Horton Inc | Consumer Cyclical | Residential Construction | 10.08% |
| TOL | Toll Brothers Inc | Consumer Cyclical | Residential Construction | 8.77% |
| PHM | PulteGroup Inc | Consumer Cyclical | Residential Construction | 7.75% |
| MTH | Meritage Corporation | Consumer Cyclical | Residential Construction | 5.37% |
| WLH | William Lyon Homes | Other | Other | 5.09% |
| RYL | The Ryland Group Inc | Other | Other | 5.06% |
| TMHC | Taylor Morn Home | Consumer Cyclical | Residential Construction | 4.72% |
| IBP | Installed Building Products Inc | Consumer Cyclical | Residential Construction | 4.66% |
| MDC | MDC Holdings Inc | Consumer Cyclical | Residential Construction | 4.41% |
| BRP | Brp Group Inc | Financial Services | Insurance Brokers | 4.33% |
| TPH | TRI Pointe Homes Inc | Consumer Cyclical | Residential Construction | 4.31% |
| MHO | M/I Homes Inc | Consumer Cyclical | Residential Construction | 4.29% |
| BZH | Beazer Homes USA Inc | Consumer Cyclical | Residential Construction | 3.70% |
| KBH | KB Home | Consumer Cyclical | Residential Construction | 3.57% |
| HOV | Hovnanian Enterprises Inc | Consumer Cyclical | Residential Construction | 3.34% |
| WCIC | WCI Communities Inc | Other | Other | 1.57% |
| LGIH | LGI Homes | Consumer Cyclical | Residential Construction | 1.25% |
| GRBK | Green Brick Partners Inc | Consumer Cyclical | Residential Construction | 1.19% |
| GFASY | Gafisa SA ADR | Consumer Cyclical | Residential Construction | 0.88% |