ETRACS IFED Invest with the Fed TR Index ETN

  • Current Indicative Value
  • 09/22/2023 | 06:59 pm
  • USD 29.35
  • Current Spot Price USD 29.36
  • 09/22/2023 | 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 -- -- -- -- --

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 4.44
JPMorgan Chase JPM 4.19
UnitedHealth Group UNH 3.89
Citigroup C 3.70
Applied Materials AMAT 3.62
Goldman Sachs GS 3.54
Morgan Stanley MS 3.26
Lam Research Corp LRCX 3.07
Marathon Petro MPC 2.62
Ford F 2.37
Moderna Inc. MRNA 2.34
Kla-Tencor KLAC 2.32
Apple AAPL 2.29
CVS CVS 2.03
TJX Companies Inc TJX 1.98
Palo Alto PANW 1.90
Cigna Corporation CI 1.89
Wells Fargo Co WFC 1.85
Berkshire Hathaway-B- BRK/B 1.84
Anthem Inc. ELV 1.83
Humana HUM 1.70
Nucor Corp NUE 1.69
Charles Schwab SCHW 1.61
Fortinet FTNT 1.48
Freeport McMoRan FCX 1.45
Estée Lauder EL 1.40
Mckesson Corp MCK 1.20
eBay EBAY 1.19
LENNAR CP CL A LEN 1.14
Nike NKE 1.06
Capital One Financial Corporation COF 1.03
Vertex Pharmaceuticals VRTX 1.02
HP Inc. HPQ 1.01
Arista Networks Inc ANET 0.95
Alphabet Inc. A GOOGL 0.95
MetLife MET 0.94
Willis Towers Watson Plc WTW 0.90
Best Buy BBY 0.89
Truist Financial Corporation TFC 0.88
Southwest Airlines Co LUV 0.88
Amer Intl Group AIG 0.86
Centene Corp CNC 0.84
Bank of New York Mellon BK 0.81
ZSCALER INC ZS 0.77
CARDINAL HEALTH INC CAH 0.76
Travelers Companies Inc. TRV 0.75
Paccar Inc PCAR 0.74
Synchrony Financial SYF 0.72
TERADYNE INC TER 0.70
Archer Daniels Midland ADM 0.70
AFLAC INC AFL 0.70
AMERIPRISE FINANCIAL INC AMP 0.69
Regions Financial Corporation RF 0.69
State Street STT 0.68
Live Nation Entertainment Inc. LYV 0.67
Dell Technologies Inc. DELL 0.63
PNC FINANCIAL SERVICES GROUP PNC 0.63
DISCOVER FINANCIAL SERVICES UN DFS 0.62
Citizens Financial Group Inc CFG 0.62
Fifth Third Bancorp FITB 0.60
CF INDUST CF 0.59
KKR & Co. Inc. KKR 0.59
Omnicom Group Inc OMC 0.59
Prudential Financial Inc PRU 0.58
Expditors International of Washington Inc EXPD 0.58
Hewlett Packard Enterprise Co HPE 0.58
MongoDB Inc MDB 0.58
Builders FirstSource Inc BLDR 0.57
AmerisourceBergen ABC 0.56
Tyson Foods TSN 0.56
M&T Bank Corp. MTB 0.55
Hubspot INC HUBS 0.45
NetApp NTAP 0.44
Signature Bank SBNY 0.31

Source: INDXX, as of February 01, 2023.

Constituent Weightings