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CEFDETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

Take a bet6y track recordRanked #717 of 775 in this goal

Provides 1.5x leveraged long exposure to the S-Network Composite Closed-End Fund Index, with variable monthly coupons.

By UBS · Launched 2020

Annual Cost

0.00%

#5,562 of 5,562 · expensive

Fund Size

$8M

#4,867 of 5,562 · small

Return (1Y)Goal

+18.2%

Track Record

6 years

#2,120 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,839+18.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

S-Network Composite Closed-End Fund Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.2%Moderate

Year-on-year price swings

Max drawdown
-37.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.69Decent risk-adjusted returns
Sortino (3Y)
0.96Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides 1.5x leveraged long exposure to the S-Network Composite Closed-End Fund Index, with variable monthly coupons.
Strategy
Provides 1.5x leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index, a diversified basket of U.S.-listed closed-end funds. Pays a variable monthly coupon reflecting 1.5x the cash distributions of the Index constituents.
Inception date
June 2, 2020
Fund family
UBS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19