ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN
- Current Indicative Value
- 11/21/2024 | 02:00 pm
- USD 54.96
- Current Spot Price USD 54.89
- 11/21/2024 | 02:05 pm
Profile
CUSIP | 90278V750 |
Primary exchange | NYSE Arca |
Initial Trade Date | 9/14/2021 |
Maturity Date | 9/15/2061 |
Leverage | 2.00x |
Annual Tracking Fee Rate | 0.95%, accrued on a daily basis |
Annual Financing Fee Rate | SOFR + 1.55% |
Underlying Index | IFED Large-Cap US TR Equity Index |
See 'Key Risks' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the IFED Large-Cap US Equity Index Total Return, less financing costs and tracking fees. The Underlying Index tracks large-cap U.S. equities that are determined by the Index Sponsor to be best positioned to benefit from the prevailing monetary environment.
Exchange-traded Notes are senior, unsecured, unsubordinated debt securities that provide investors with exposure to the total returns of various market indices, including those linked to stocks, bonds, commodities and/or currencies, less investor fees. ETRACS offers innovative investment products with easy access to markets and strategies that may not be readily available in the existing marketplace.