PFFL

ETRACS 2xMonthly Pay Leveraged Preferred Stock ETN
*Unless otherwise stated, data provided by FactSet.

PFFL Fund Description

PFFL tracks twice the monthly returns of a market-value-selected and -weighted index of preferred securities from various issuers.

PFFL Factset Analytics Insight

PFFL is a leveraged take on the US preferred shares market. The underlying index consists of equally weighted positions in two ETFs: iShares’ PFF and Invesco’s PGX. Both are preferred stock funds that hold securities of various credit ratings. PFFL is a leveraged product that resets monthly. While this makes the note more suitable for longer-term positions than a daily-reset product, it is not intended as a buy-and-hold ETF. Returns will track 2x exposure to the underlying index only if shares are purchased at the beginning of a calendar month and sold by the end of the month. Note that PFFL’s index is calculated based on the trading price of its underlying funds. This means that the effect of the funds’ fees, tracking error, and trading premium/discount is baked into the index—and PFFL’s leverage factor doubles their impact. The underlying fund fees are not included in our reported expense ratio.

PFFL CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PFFL -8.06% -- -- -- -- -- --
PFFL (NAV) -6.13% -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PFFL Summary Data

UBS
ETRACS
09/25/18
Exchange-Traded Note
0.85%
$21.93M
0.53%

PFFL Portfolio Data

--
01/10/19

PFFL Index Data

Solactive Preferred Stock ETF Index
Market Value
Market Value
N/A

PFFL Fund Structure

No
N/A
N/A / N/A
UBS AG (London Branch)
Low
Low
2
Monthly

PFFL Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PFFL Factset Analytics Block Liquidity

As of 12/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PFFL. PFFL is rated a N/A out of 5.

PFFL Tradability

8,964
$245.81K
587
$22.00K
0.53%
$0.13
0.09%
1.76% / -1.56%
None
--
50,000
0.01
0.00%
--
--
$21.93
N/A