Fund Description |
The ETRACS IFED Invest with the Fed TR Index ETN is an Exchange Traded Note linked to the performance of the IFED Large-Cap US Equity Index Total Return, less tracking fees. The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the Federal Reserve ) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy. |
Fund Profile |
Fund Name |
ETRACS IFED Invest with the Fed TR Index ETN |
Fund Exchange Ticker |
IFED |
Fund Sponsor |
UBS |
Fund ISIN |
US90278V7689 |
Net Expense Ratio |
0.45 % |
Fund Inception Date |
14 September 2021 |
Fund Legal Structure |
ETN |
Exchange |
NYSE Arca |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Factor & Thematic |
Asset Class |
Equities (Stocks) |
Index Linked |
Passive |
Index Name |
IFED Large-Cap US TR Equity Index |
Index Provider |
Economic Index Associates, LLC |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Large Cap |
Growth Value |
Core / Blend |
Continent |
North America |
Key Statistics |
Return As of Date |
5 August 2022 |
Asset Under Management |
55.56 Million (USD) |
1 Month Total Return |
8.10 % |
Year To Date Return |
0.90 % |
1 Year Total Return |
|
3 Year Annualized Total Return |
|
NAV |
27.78 |
Share Outstanding |
2,000,000 |