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Buy Into HDLV for High Performance

Today I’m recommending the Etracs Monthly Pay 2x Leveraged U.S. High Dividend Low Volatility ETN (HDLV). HDLV is a relatively new issue that went public in early October and will make a nice complement to double-digit-income earners.

HDLV is an exchange-traded note backed by UBS AG (OUBS) as a debt instrument. HDLV pays a monthly return compounded by 2x leveraged exposure to the Solactive U.S. High Dividend Low Volatility Index; that payment is reset each month in conjunction with the income received from the components that make up the index.

You can view all of the HDLV components by clicking here, but here are the top 10:

ETRACS Montly Pay 2xLeveraged US High Dividend Low Volatility ETN due September 30, 2044

Because HDLV has paid out only one dividend, the current yield is not posted on most websites. However, the fund representatives are comfortable estimating the forward yield at 10.04% using a rolling three-month average, as is the case with all the Etracs income products.

ETRACS Montly Pay 2xLeveraged US High Dividend Low Volatility ETN due September 30, 2044

I’m very warm to the Solactive Index holdings and believe that this hybrid income vehicle will be a solid performer for us for many months … and hopefully beyond a year or more.

Bryan Perry is the editor of Cash Machine, a newsletter focused on high-yield income investing with the goal of maintaining a blended total yield of 10% across two portfolios. And most recently, Bryan introduced Cash Machine Trader. With this service, he’s increasing the income stream potential even further by using covered call writing strategies to generate yield in the form of option premium — on top of capital appreciation income from well-known stocks.

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