ETRACS IFED Invest with the Fed TR Index ETN
- Current Indicative Value
- 11/08/2024 | 01:42 pm
- USD 41.28
- Current Spot Price USD 40.94
- 11/07/2024 | 04:10 pm
Profile
CUSIP | 90278V768 |
Primary exchange | NYSE Arca |
Initial Trade Date | 9/14/2021 |
Maturity Date | 9/15/2061 |
Annual Tracking Fee Rate | 0.45%, accrued on a daily basis |
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 IFED Invest with the Fed TR Index ETN is an Exchange Traded Note linked to the performance of the IFED Large-Cap US Equity Index Total Return, less 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.