ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN

  • Current Indicative Value
  • 10/20/2017 | 03:35 pm
  • USD 18.62
  • Last close USD 18.57
  • 10/19/2017

Index Profile

Underlying Index ISE High Income Index
Ticker symbol YLDA

About the index

The ISE High Income™ Index (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 capitalization 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.  The Index constituent weights are determined by a modified linear weighting methodology that results in higher-ranked funds receiving a greater Index weighting than lower-ranked funds.  The Index is rebalanced yearly to ensure that Index constituents do not exceed Index target weightings. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the Index; rather, any cash distributions on the Index constituents are reflected in the variable monthly coupon that may be paid to investors of CEFL). The Index was created on April 11, 2013 and, therefore, has no performance history prior to that date.

Index Historical Returns

Name 1 Month 3 Months 6 Months 1 Year 3 Years
ISE High Income Index -- -- -- 0.90% -12.47%

Source: UBS Investment Bank, publicly available data.

Historical information presented is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may differ significantly from historical performance, either positively or negatively.

*Historical Returns for the ETN are calculated on the basis of intraday indicative value.

Index Historical Returns presented are based on intraday levels.

The ETRACS ETNs are subject to investor fees. As a result, the return on the ETNs will always be lower than the total return on a direct investment in the Index or the Index constituents.

Constituent Weightings

Name Ticker symbol % Weight
Doubleline Income Solutions DSL 4.43
Morgan Stanley Emerging Markets Domestic Debt Fund EDD 4.37
Backstone /GSO Strategic Credit Fund  BGB 4.32
Alpine Total Dynamic Dividend AOD 4.31
Calamos Convertible Opp&inc CHI 4.31
Eaton Vance T/a Gl Dvd Incm ETG 4.30
Blackrock Multi-Sector Income BIT 4.28
Calamos Strat Tot Return Fd CSQ 4.28
Liberty All Star Equity Fund USA 4.23
Prudential Global Short Duration High Yield Fundd GHY 4.23
PIMCO Dynamic Credit Income Fund PCI 4.21
Wells Fargo Advantage Income Opportunities Fund EAD 4.20
Blackrock Corporate High Yield Fund HYT 4.17
Cohen & Steers Quality Income Realty Fund Inc RQI 4.14
BlackRock Credit Allocation Income Trust BTZ 4.04
First Trust Intermediate Duration Prf.& Income Fd FPF 3.94
John Hancock T/a Dvd Income HTD 3.68
Eaton Vance Limited Duration Income Fund EVV 3.53
Wells Fargo Advantage Multi Sector Income Fund ERC 3.27
Western Asset High Income Fund II HIX 3.06
Alliancebernstein Global High Income Fund Inc AWF 2.80
Templeton Emerg Mkts Inc Fd TEI 2.64
Prudential Short Duration High Yield Fd ISD 2.43
Western Asset High Income Op HIO 2.16
Nuveen Pfd Sec Income Fd JPS 1.99
First Trust High Income Long/short Fund FSD 1.75
Nuveen Preferred Income Opportunities Fund JPC 1.56
Nuveen Credit Strategies Income Fund JQC 1.32
Allianzgi Convertible & Income Fund NCV 1.16
Blackrock Debt Strategies Fund Inc DSU 0.91

Source: International Securities Exchange, LLC, as of February 03, 2017.

Constituent Weightings