Key stats
About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
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Inception date
Jun 2, 2020
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
ISIN
US90269A2868
CEFD provides monthly 1.5x leveraged exposure to 200 publicly-traded closed-end funds (CEFs) that are yield-focused. CEFs differ from ETFs in that they lack ETFs baked-in creation/redemption plumbing, so CEFS often trade at discounts or premiums since they have no outlet for arbitrage to keep market price in line with fair value. As such, the fund uses a weighting methodology that favors CEFs that trades at discount. CEFs trading at higher discount receives greater weight. CEFD holds three flavors of CEFs domiciled in the US, namely Investment-grade fixed income, high-yield fixed income and equity covered-call strategies. As a geared product, CEFD is designed as a short-term trading tool and not a long-term investment vehicle, so long-term returns could materially differ from those of the underlying index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CEFD last dividends amounted to 0.22 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 6.73% increase.
CEFD assets under management is 8.00 M USD. It's risen 2.32% over the last month.
CEFD fund flows account for −12.15 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CEFD pays dividends to its holders with the dividend yield of 14.59%. The last dividend (Aug 20, 2025) amounted to 0.21 USD. The dividends are paid monthly.
CEFD shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Jun 2, 2020, and its management style is Passive.
CEFD expense ratio is 2.40% meaning you'd have to pay 2.40% of your investment to help manage the fund.
CEFD follows the SNET Composite Closed-End Fund Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CEFD price has risen by 2.54% over the last month, and its yearly performance shows a −0.76% decrease. See more dynamics on CEFD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 9.25% increase in three-month performance and has increased by 15.26% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 9.25% increase in three-month performance and has increased by 15.26% in a year.
CEFD trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.