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
11/04/2026: CEFD (1-star) is currently NOT-A-BUY. Pass it for now.
CEFD provides 1.5x leveraged monthly exposure to a broad index of US-listed closed-end funds, aiming to amplify the performance of the underlying income-focused sector. Its primary strengths include convenient, high-beta access to a complex asset class, though it lacks the lower costs and credit safety of traditional ETFs. It is best utilized as a tactical trading tool for investors looking to capitalize on positive trends in the CEF market. Key risks include issuer credit risk, volatility-induced compounding decay, and sensitivity to interest rate fluctuations. It is primarily suitable for sophisticated traders who monitor market conditions closely and understand the mechanics of leveraged ETNs.
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 | Mixed fit | The leveraged nature makes it an aggressive play, but it is primarily income-focused rather than capital-growth oriented. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may utilize this for 1.5x exposure during bullish trends in the CEF market. |
| Value investor | Weak fit | Leveraged ETNs are generally unsuitable for traditional value investing due to financing costs and volatility decay. |
| Dividend/Income investor | Mixed fit | While it offers high income potential, the volatility and structural risks of an ETN may outweigh the benefits for conservative income seekers. |
| Low-risk investor | Weak fit | The 1.5x leverage and issuer credit risk make this unsuitable for low-risk portfolios. |
Investor Profile
Ideal Investor Profile
Sophisticated investors with a high risk tolerance seeking leveraged tactical exposure to the closed-end fund market.
Suitability
Best suited for active traders rather than long-term passive investors due to the risks associated with leverage and ETN structures.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The 1.5x leverage significantly amplifies price swings in the underlying CEF index. |
| Market risk | Medium / high | Broad exposure to CEFs means the fund is susceptible to systematic market downturns. |
| Concentration | Medium | While the index is diversified, it is entirely concentrated within the CEF asset class. |
| Tracking/expense | Medium | Financing costs and tracking errors can erode total returns over time. |
| Liquidity | Medium | Lower trading volume compared to major ETFs can make entering or exiting large positions costly. |
| Business/sector quality | Medium | The product carries the credit risk of the issuer, UBS, which is a structural risk distinct from standard ETFs. |
Risk Analysis
Volatility
CEFD exhibits significantly higher volatility than unleveraged income funds due to its 1.5x leverage multiplier.
Market Risk
The fund is subject to systemic risk inherent in the closed-end fund market, including interest rate sensitivity and discount volatility.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Other | S-Network Composite Closed-End Fund Index (1.5x monthly leverage) | 100 | This ETN provides 1.5x leveraged exposure to a broad index of closed-end funds, aiming to amplify both monthly 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 13.92% | Avg. Invested days 61 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/04/2026 |
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.