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PFFLETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN

Get incomeTake a bet7y track recordRanked #583 of 775 in this goal

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

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$5M

#5,097 of 5,562 · small

Dividend YieldGoal

12.26%

Track Record

7 years

#1,814 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,800+8.0%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Leveraged

Index tracked

Solactive Preferred Stock ETF Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
17.0%Moderate

Year-on-year price swings

Max drawdown
-82.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.14Below average
Sortino (3Y)
0.19Moderate downside risk

Where to buy

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

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