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

  • Current Indicative Value
  • 05/30/2023 | 06:59 pm
  • USD 26.71
  • Current Spot Price USD 26.71
  • 05/30/2023 | 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 0.91% -2.80% -4.97% -1.70% --

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
Applied Materials AMAT 4.44
JPMorgan Chase JPM 4.42
UnitedHealth Group UNH 4.00
Lam Research Corp LRCX 3.89
Bank of America BAC 3.73
Citigroup C 3.44
Goldman Sachs GS 3.43
Apple AAPL 2.97
Morgan Stanley MS 2.97
Kla-Tencor KLAC 2.77
Palo Alto PANW 2.69
Marathon Petro MPC 2.48
Ford F 2.47
Berkshire Hathaway-B- BRK/B 2.03
Fortinet FTNT 2.03
TJX Companies Inc TJX 1.98
Moderna Inc. MRNA 1.84
Humana HUM 1.74
Anthem Inc. ELV 1.73
Wells Fargo Co WFC 1.72
CVS CVS 1.67
Cigna Corporation CI 1.56
Nucor Corp NUE 1.37
Arista Networks Inc ANET 1.35
Mckesson Corp MCK 1.32
LENNAR CP CL A LEN 1.26
Alphabet Inc. A GOOGL 1.24
Charles Schwab SCHW 1.19
Freeport McMoRan FCX 1.18
HP Inc. HPQ 1.12
Vertex Pharmaceuticals VRTX 1.11
eBay EBAY 1.10
Estée Lauder EL 1.02
Capital One Financial Corporation COF 1.00
Nike NKE 0.93
CARDINAL HEALTH INC CAH 0.87
Builders FirstSource Inc BLDR 0.87
ZSCALER INC ZS 0.84
Willis Towers Watson Plc WTW 0.84
Amer Intl Group AIG 0.82
MongoDB Inc MDB 0.79
Dell Technologies Inc. DELL 0.78
Best Buy BBY 0.78
Southwest Airlines Co LUV 0.78
Paccar Inc PCAR 0.76
Travelers Companies Inc. TRV 0.75
Centene Corp CNC 0.74
MetLife MET 0.72
TERADYNE INC TER 0.70
Live Nation Entertainment Inc. LYV 0.70
Bank of New York Mellon BK 0.69
Synchrony Financial SYF 0.68
AFLAC INC AFL 0.67
Hubspot INC HUBS 0.66
Omnicom Group Inc OMC 0.65
Archer Daniels Midland ADM 0.64
AMERIPRISE FINANCIAL INC AMP 0.64
Expditors International of Washington Inc EXPD 0.63
AmerisourceBergen ABC 0.62
Truist Financial Corporation TFC 0.60
Hewlett Packard Enterprise Co HPE 0.60
DISCOVER FINANCIAL SERVICES UN DFS 0.59
KKR & Co. Inc. KKR 0.57
State Street STT 0.55
Regions Financial Corporation RF 0.55
Prudential Financial Inc PRU 0.50
PNC FINANCIAL SERVICES GROUP PNC 0.49
NetApp NTAP 0.48
Tyson Foods TSN 0.48
M&T Bank Corp. MTB 0.47
CF INDUST CF 0.46
Fifth Third Bancorp FITB 0.44
Citizens Financial Group Inc CFG 0.42

Source: INDXX, as of May 30, 2023.

Constituent Weightings