CEFD
·ARCA
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Key Stats
Assets Under Management
7.73MUSD
Fund Flows (1Y)
-1.92MUSD
Dividend Yield
14.83%
Discount/Premium to NAV
-0.10%
Shares Outstanding
400.00K
Expense Ratio
2.40%
About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
Issuer
UBS
Brand
ETRACS
Inception Date
Jun 2, 2020
Structure
Exchange-Traded Note
Index Tracked
S-Network Composite Closed-End Fund Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
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Distributor
UBS Securities LLC
CEFD provides monthly 1.5x leveraged exposure to 200 publicly-traded closed-end funds (CEFs) that are yield-focused. CEFs differ from ETFs in that they lack ETF's baked-in creation/redemption plumbing, so CEFS often trade at discounts or premiums since they have no outlet for arbitrage to keep market price in line with fair value. As such, the fund uses a weighting methodology that favors CEFs that trades at discount. CEFs trading at higher discount receives greater weight. CEFD holds three flavors of CEFs domiciled in the US, namely Investment-grade fixed income, high-yield fixed income and equity covered-call strategies. As a geared product, CEFD is designed as a short-term trading tool and not a long-term investment vehicle, so long-term returns could materially differ from those of the underlying index.
Classification
Asset Class
Asset Allocation
Category
Asset Allocation
Focus
Target Outcome
Niche
Capital Appreciation
Strategy
Multi-factor
Geography
Global
Weighting Scheme
Multi-Factor
Selection Criteria
Multi-factor
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.12% | -2.41% | -1.87% | -1.07% | -2.44% | -33.49% |
NAV Total Return | +5.12% | -0.68% | +12.68% | +13.54% | +47.35% | +30.19% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
4.44%
Nuveen Preferred Income Opportunities Fund
2.77%
BlackRock Science and Technology Term Trust
2.72%
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
2.62%
Nuveen S&P 500 Buy-Write Income Fund
2.59%
BlackRock Enhanced Equity Dividend Trust
2.52%
Eaton Vance Tax-Managed Diversified Equity Income Fund
2.49%
Nuveen NASDAQ 100 Dynamic Overwrite Fund
2.39%
Virtus Dv Int & Prem
2.30%
Blackrock Capital Al
2.28%
Top 10 Weight 27.12%
109 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-22 | 0.221 |
| 2025-11-12 | 2025-11-12 | 2025-11-20 | 0.207 |
| 2025-10-10 | 2025-10-10 | 2025-10-21 | 0.266 |
| 2025-09-15 | 2025-09-15 | 2025-09-23 | 0.224 |
| 2025-08-12 | 2025-08-12 | 2025-08-20 | 0.209 |
| 2025-07-14 | 2025-07-14 | 2025-07-22 | 0.273 |
| 2025-06-12 | 2025-06-12 | 2025-06-23 | 0.219 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
