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U.S.-Listed ETF listed on a U.S. stock exchange



The ETF: ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN (CEFL)

 

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ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN
The ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the ISE High Income Index. CEFL is denominated in USD, and pays a variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents. The index measures the performance of 30 U.S. closed-end funds, as selected and ranked by the Index sponsor in accordance with the Index methodology. To be eligible for inclusion in the Index, a fund must be domiciled in the U.S., be listed on a U.S. securities exchange and satisfy minimum market cap and liquidity requirements. Each eligible fund is ranked in descending order in accordance with a multivariate ranking scheme based on three factors: yield; share price discount from net asset value; and trading liquidity, with the 30 highest-ranking funds included in the Index.

Investment type: ETN (Exchange-Traded Note); listed on the U.S. NYSE exchange

(Note that ETNs, unlike ETFs, are subject to risk if the issuing bank has its credit rating lowered or enters bankruptcy.)

Ticker symbol: CEFL

Fund manager: UBS ETRACS Exchange Traded Notes

Fund information from UBS ETRACS Exchange Traded Notes: ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN

Fund launched:



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