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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.5% | ▼ −1.0% | ▼ −9.8% | ▼ −0.8% | ▼ −2.3% | ▲ +51.7% | — | ▲ +82.1% |
| Peer average | — | — | — | — | — | — | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Portfolio holdings do not apply to this exchange-traded note.
Portfolio holdings do not apply to this exchange-traded note. About ETNs ↗
Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.
IFED is an Exchange Traded Note (ETN) that tracks a total return index composed of a select group of large-capitalization U.S. equities. The index seeks to identify companies that the issuer believes are best suited to perform given the current monetary policy landscape. To achieve this, a specialized, proprietary framework is utilized to categorize the prevailing monetary conditions as either expansionary, restrictive, or indeterminate. Subsequently, the 500 largest stocks listed on the New York Stock Exchange are assessed based on various fundamental criteria, evaluating their potential to capitalize on the identified monetary environment. The 75 highest-scoring stocks are then selected for inclusion. These chosen stocks are weighted according to their scores, with further adjustments made for factors such as liquidity, and adherence to individual stock and sector concentration limits. The index undergoes rebalancing when there is a change in the determined monetary environment. It is important to note that, as an ETN, IFED carries the credit risk associated with its issuer, UBS.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind IFED.