Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN(CEFD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CEFD
10/02/2026: CEFD (1-star) is currently NOT-A-BUY. Pass it for now.
CEFD provides 1.5x leveraged exposure to a diversified basket of closed-end funds, aiming to deliver enhanced monthly income. Its primary strengths lie in its specific leverage strategy and income generation, though it is subject to higher risks including leverage decay, financing costs, and issuer credit risk. The fund is most appropriate for active, risk-tolerant investors who can monitor market conditions and do not rely on this as a buy-and-hold core holding. Investors should closely monitor interest rate trends and the discount levels of the underlying closed-end funds, as these are primary drivers of its performance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund is designed for income and leverage rather than capital growth. |
| Momentum investor | Strong fit while signal remains positive | The 1.5x leverage makes this suitable for short-term traders riding a positive momentum trend. |
| Value investor | Mixed fit | Value investors may be wary of the structural costs and leverage associated with the note. |
| Dividend/Income investor | Strong fit while signal remains positive | It aims to provide high monthly distributions, appealing to those hunting for yield. |
| Low-risk investor | Weak fit | The 1.5x leverage and ETN credit risk make this unsuitable for risk-averse portfolios. |
Investor Profile
Ideal Investor Profile
Sophisticated income-focused investors who understand the risks of leverage and ETN structures.
Suitability
Not recommended for long-term passive investors; better suited for active tactical traders seeking specific exposure.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Leverage significantly amplifies price swings compared to the underlying index. |
| Market risk | High | The fund is directly exposed to the systemic risks of the closed-end fund market. |
| Concentration | Medium | The portfolio is concentrated in a specific asset class of closed-end funds. |
| Tracking/expense | High | Financing costs and leverage decay can erode performance over time. |
| Liquidity | Medium / high | Low volume can lead to difficulties in entering or exiting large positions efficiently. |
| Business/sector quality | Medium | The ETN structure carries the credit risk of the issuer, UBS. |
Risk Analysis
Volatility
CEFD exhibits higher historical volatility than unleveraged counterparts due to the 1.5x multiplier.
Market Risk
Exposure to closed-end funds entails risks related to net asset value (NAV) fluctuations and market price premiums/discounts.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | S-Network Closed-End Fund Liquidity Index (seeks 1.5x daily leveraged return) | 100 | The note provides exposure to a basket of closed-end funds with a leverage factor of 1.5x, amplifying both gains and losses. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit -3.69% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $7.14M |
| Issuer | UBS |
| Expense Ratio | 0% |
| Distribution Yield | 14.57% |
| Inception | Jun 2, 2020 |
Performance
| Period | Total Return |
|---|---|
| YTD | +4.02% |
| 1 Year | +5.91% |
| 3 Year | +15.72% |
| 5 Year | +2.33% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 14.22% |
| 3Y Volatility | 15.47% |
| 3Y Sharpe Ratio | 0.73 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Eaton Vance Duration IF | 2.63% |
| Nuveen Preferred Securites Income Fund | 2.43% |
| BlackRock Enhanced Equity Dividend Trust | 2.39% |
| BlackRock Corporate High Yield Fund | 2.19% |
| BlackRock Credit Allocation Income Trust | 2.16% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.