ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B

  • Current Indicative Value
  • 12/11/2019 | 11:22 am
  • USD 14.09
  • Current Spot Price USD 14.08
  • 12/11/2019 | 11:22 am

Index Profile

Underlying Index ISE High Income Index
Ticker symbol YLDA
CUSIP --

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 -0.31% -0.21% 0.75% 5.31% --

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
Nuveen Pfd Sec Income Fd JPS 4.90
First Trust Intermediate Duration Prf.& Income Fd FPF 4.72
Blackrock Corporate High Yield Fund HYT 4.54
Aberdeen Total Dyn AOD 4.43
Wells Fargo Advantage Income Opportunities Fund EAD 4.42
Brookfield R A Incm RA 4.41
Liberty All Star Equity Fund USA 4.41
Doubleline Income Solutions DSL 4.40
Western Asset High Income Fund II HIX 4.38
Alliancebernstein Global High Income Fund Inc AWF 4.31
Western Asset Emerging Markets Debt Fund EMD 4.23
Prudential Global Short Duration High Yield Fundd GHY 4.21
Prudential Short Duration High Yield Fd ISD 4.20
Blackrock Multi-Sector Income BIT 4.18
Eaton Vance Limited Duration Income Fund EVV 4.14
Backstone /GSO Strategic Credit Fund  BGB 3.94
Cohen & Strs Infrstr UTF 3.72
Nexpoint Credit NHF 2.94
Tortoise Mlp Fund NTG 2.90
Blackrock Debt Strategies Fund Inc DSU 2.79
Western Asset High Income Op HIO 2.69
Templeton Emerg Mkts Inc Fd TEI 2.58
First Trust High Income Long/short Fund FSD 2.53
Invesco Dynamic Credit Opportunities Fund VTA 2.12
Nuveen Fltg Rt Inc JFR 1.68
Tortoise Energy Infr TYG 1.60
Invesco Senior Inc VVR 1.47
Kayne Anderson Mlp KYN 1.21
Eaton Vance Sr Fltg EFR 1.06
Voya Prime Rate Trst PPR 0.86

Source: International Securities Exchange, LLC, as of December 10, 2019.

Constituent Weightings