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 |