ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN

  • Current Indicative Value
  • 01/31/2023 | 07:00 pm
  • USD 30.41
  • Current Spot Price USD 30.35
  • 01/31/2023 | 04:10 pm

Index Profile

Underlying Index IFED Large-Cap US TR Equity Index
Ticker symbol IFEDLT

About the index

The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the “Federal Reserve”) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy. The Underlying Index sponsor has developed empirical research that presents support for the view that, if measured properly, there is a significant and consistent association between the Federal Reserve monetary policy shifts and subsequent return on equities and other securities. The Underlying Index was first disseminated publicly on June 8, 2020 and has no live history prior to that date.

Index Historical Returns

Name 1 Month 3 Months 6 Months 1 Year 3 Years
IFED Large-Cap US TR Equity Index 7.36% 6.01% 6.29% 5.01% --

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.

Index Historical Returns are calculated on the basis of intraday index levels or closing index levels where relevant.

Constituent Weightings

Name Ticker symbol % Weight
Bank of America BAC 4.42
JPMorgan Chase JPM 4.23
UnitedHealth Group UNH 3.94
Citigroup C 3.73
Goldman Sachs GS 3.57
Applied Materials AMAT 3.42
Morgan Stanley MS 3.26
Lam Research Corp LRCX 2.92
Marathon Petro MPC 2.77
Moderna Inc. MRNA 2.39
Ford F 2.34
Apple AAPL 2.29
Kla-Tencor KLAC 2.24
CVS CVS 2.06
TJX Companies Inc TJX 1.99
Cigna Corporation CI 1.92
Palo Alto PANW 1.91
Berkshire Hathaway-B- BRK/B 1.87
Anthem Inc. ELV 1.85
Wells Fargo Co WFC 1.85
Humana HUM 1.71
Nucor Corp NUE 1.64
Charles Schwab SCHW 1.61
Fortinet FTNT 1.47
Freeport McMoRan FCX 1.46
Estée Lauder EL 1.40
Mckesson Corp MCK 1.23
eBay EBAY 1.18
LENNAR CP CL A LEN 1.13
Capital One Financial Corporation COF 1.06
Nike NKE 1.05
Vertex Pharmaceuticals VRTX 1.05
HP Inc. HPQ 0.99
MetLife MET 0.95
Alphabet Inc. A GOOGL 0.94
Arista Networks Inc ANET 0.92
Willis Towers Watson Plc WTW 0.91
Southwest Airlines Co LUV 0.89
Best Buy BBY 0.89
Amer Intl Group AIG 0.89
Truist Financial Corporation TFC 0.88
Centene Corp CNC 0.86
Bank of New York Mellon BK 0.81
Travelers Companies Inc. TRV 0.78
CARDINAL HEALTH INC CAH 0.78
Synchrony Financial SYF 0.75
ZSCALER INC ZS 0.73
Paccar Inc PCAR 0.73
AFLAC INC AFL 0.70
Archer Daniels Midland ADM 0.70
AMERIPRISE FINANCIAL INC AMP 0.68
Regions Financial Corporation RF 0.68
State Street STT 0.68
Live Nation Entertainment Inc. LYV 0.67
TERADYNE INC TER 0.66
PNC FINANCIAL SERVICES GROUP PNC 0.63
DISCOVER FINANCIAL SERVICES UN DFS 0.63
Dell Technologies Inc. DELL 0.63
Citizens Financial Group Inc CFG 0.62
AmerisourceBergen ABC 0.59
Hewlett Packard Enterprise Co HPE 0.59
Prudential Financial Inc PRU 0.59
Fifth Third Bancorp FITB 0.59
CF INDUST CF 0.59
Omnicom Group Inc OMC 0.58
KKR & Co. Inc. KKR 0.58
Tyson Foods TSN 0.57
M&T Bank Corp. MTB 0.56
Builders FirstSource Inc BLDR 0.56
Expditors International of Washington Inc EXPD 0.56
MongoDB Inc MDB 0.55
NetApp NTAP 0.44
Hubspot INC HUBS 0.42
Signature Bank SBNY 0.30

Source: INDXX, as of January 31, 2023.

Constituent Weightings