About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded note that offers leveraged exposure to the performance of the Closed-End Fund Index. This index consists of closed-end funds that pay a regular monthly distribution to investors. The CEFD ETN is designed to provide 1.5 times the monthly return of the index, making it an attractive option for investors seeking amplified returns.

One key feature of CEFD is its monthly distribution, which provides investors with a consistent stream of income. This can be particularly appealing for income-focused investors who want to generate regular cash flow from their investments. Additionally, the leveraged nature of CEFD allows for potentially higher returns compared to an unleveraged investment in the index.