PFFL ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN

This is an exchange-traded note issued by UBS Bank. The ETN will provide investors with a cash payment at the scheduled maturity or early redemption based on the 2x leveraged performance of the Solactive Preferred Stock ETF Index, less investor fees. In addition to the base management fees, there is also a financing fee equal to .8% plus the LIBOR rate for three month deposits. The Index tracks the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs (PGX and PFF). Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of exchange traded preferred stock securities.

$19.12  +0.17 (0.91%)
As of 10/20/2021 16:00:00 EST     IEX book   CBOE book

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ETN Information

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Sponsor:     Etracs ETNs (UBS Bank)
Category1:  Special Security Types
Category2:  Preferred stock
Category3:  U.S.
Morningstar category:  Trading--Miscellaneous
Leverage factor:  2.00
Inception date:  09/25/2018
Current yield:  8.94%
Historical average yield:  9.92%
Market cap:  $19,582,500
Average volume:  5,384
Fees:     0.8500% *
*Financing fee equal to .8% plus the LIBOR rate for three month deposits.

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Index Information

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Solactive Preferred Stock ETF Index
Index symbol:  SOLPRFIndex
Provider:   Solactive
Index weighting:   Other
Index inception date:  08/31/2018
Backtesting data exists:   No
Number of holdings:  2