PFFLETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
Provides 2x leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index, reduced by Accrued Fees.
By UBS · Launched 2018
0.85%
#4,507 of 5,854 · expensive
$5M
#5,257 of 5,854 · small
13.30%
7 years
#1,780 of 5,854 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Leveraged
Index tracked
Solactive Preferred Stock ETF Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Provides 2x leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index, reduced by Accrued Fees.
- Strategy
- Two-times leveraged exposure (compounded monthly) to the Solactive Preferred Stock ETF Index, an equally weighted basket of two U.S. preferred-stock ETFs (iShares U.S. Preferred Stock ETF PFF + Invesco Preferred ETF PGF/PGX). Pays variable monthly coupons linked to the cash distributions of the underlying ETFs, less Accrued Fees.
- Inception date
- September 26, 2018
- Fund family
- UBS
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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