CEFDETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.
UBS · Since 2020 (5 years)
0.00%
#5332 out of 5,332 ETFs
$7M
#4687 out of 5,332 ETFs
16.08%
5 years
#2161 out of 5,332 ETFs
Performance
1 Year
+23.2%
3 Years
+15.7%
5 Years
+3.7%
What's inside
Risk profile
12.7%
Moderate
-37.0%
Worst peak-to-trough loss
0.73
Decent risk-adjusted returns
1.01
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05