Fund Description
The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying Closed-End Fund index constituents. The S-Network Composite Closed-End Fund Index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index). The Index contains closed-end funds selected from three main taxable annual yield sectors: Investment Grade Fixed Income Closed-End Funds, High-Yield Fixed Income Closed-End Funds, and Option Income Closed-End Funds.
Fund Profile
Fund Name ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
Fund Exchange Ticker CEFD
Fund Sponsor UBS
Fund ISIN US90269A2868
Net Expense Ratio 0.95 %
Fund Inception Date 2 June 2020
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Other Asset Types
Index Linked Passive
Index Name S-Network Composite Closed-End Fund Index
Index Provider S-Network Global Indexes LLC
Currency Hedged No
Inverse / Leveraged Leveraged (1.5x)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Key Statistics
Return As of Date 5 August 2022
Asset Under Management 24.04 Million (USD)
1 Month Total Return 8.50 %
Year To Date Return -20.85 %
1 Year Total Return -20.11 %
3 Year Annualized Total Return
NAV 24.04
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting