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About ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
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Inception date
Sep 25, 2018
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
US90274E1745
PFFL is a leveraged take on the US preferred shares market. The underlying index consists of equally weighted positions in two ETFs: iShares PFF and Invescos PGX. Both are preferred stock funds that hold securities of various credit ratings. PFFL is a leveraged product that resets monthly. While this makes the note more suitable for longer-term positions than a daily-reset product, it is not intended as a buy-and-hold ETF. Returns will track 2x exposure to the underlying index only if shares are purchased at the beginning of a calendar month and sold by the end of the month. Note that PFFLs index is calculated based on the trading price of its underlying funds. This means that the effect of the funds fees, tracking err, and trading premium/discount is baked into the indexand PFFLs leverage factor doubles their impact.
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
PFFL last dividends amounted to 0.13 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 32.52% increase.
PFFL assets under management is 6.66 M USD. It's risen 0.83% over the last month.
PFFL fund flows account for −2.10 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, PFFL pays dividends to its holders with the dividend yield of 17.80%. The last dividend (Sep 23, 2025) amounted to 0.13 USD. The dividends are paid monthly.
PFFL shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Sep 25, 2018, and its management style is Passive.
PFFL expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
PFFL follows the Solactive Preferred Stock ETF Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFFL price has fallen by −2.49% over the last month, and its yearly performance shows a −18.43% decrease. See more dynamics on PFFL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 8.55% increase in three-month performance and has decreased by −4.80% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 8.55% increase in three-month performance and has decreased by −4.80% in a year.
PFFL trades at a premium (3.85%) meaning the ETF is trading at a higher price than the calculated NAV.