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

Take a bet6y track recordRanked #861 of 949 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%

#5,854 of 5,854 · expensive

Fund Size

$8M

#5,000 of 5,854 · small

Return (1Y)Goal

+12.6%

Track Record

6 years

#2,075 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,248+12.5%

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

What's inside

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)
13.7%Moderate

Year-on-year price swings

Max drawdown
-36.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.62Decent risk-adjusted returns
Sortino (3Y)
0.85Moderate downside risk

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

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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

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 2026-08-03