##  [# Leveraged Preferred Stock ETN Debuts](/sections/daily-etf-watch/leveraged-preferred-stock-etn-debuts) 

 

# Leveraged Preferred Stock ETN Debuts

 

 

UBS adds to its lineup of ETRACS products.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Sep 26, 2018

 Edited by: ETF.com Staff

 

 

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Today UBS rolled out another leveraged ETN under its [ETRACS](https://www.etf.com/topics/Etracs-etfs) brand. The [ETRACS 2xMonthly Pay Leveraged Preferred Stock ETN (PFFL)](https://www.sec.gov/Archives/edgar/data/1114446/000119312518282651/d621835d424b2.htm) offers investors twice the monthly return of the Solactive Preferred Stock ETF Index and is set to mature on Sept. 25, 2048.

PFFL comes with an expense ratio of 0.85% and lists on the NYSE Arca.

The ETN’s underlying index is a bit unusual in that it represents the performance of an equally weighted basket containing the $16.6 billion [iShares U.S. Preferred Stock ETF (PFF)](https://www.etf.com/pff) and the $5.3 billion [Invesco Preferred ETF (PGX)](https://www.etf.com/pgx).

The ETRACS family of ETNs includes 33 other ETFs, at least 10 of which offer leveraged exposure to their underlying indexes that is reset on a monthly basis.

*Contact Heather Bell at <hbell@etf.com>*



 

 

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 Related Topics  [Leveraged](http://www.etf.com/topics/leveraged) 

 [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [UBS](http://www.etf.com/topics/ubs)