FEDL Profile
The ETRACS 2X Monthly Leveraged Federal Investment with the Federal Reserve System Linked to the Bloomberg Federal Reserve Index Total Return (FEDL) is an exchange-traded note issued by UBS. The ETN seeks to provide investors with a leveraged return linked to the performance of the Bloomberg Federal Reserve Index Total Return, which is designed to track the performance of U.S. Treasury securities.
The ETN's investment objective is to deliver twice (2x) the monthly return of the index, less the investor fee. The investor fee is set at 0.50% per year.
Investors can buy and sell the ETN on an exchange throughout the trading day, similar to stocks. However, it is important to note that the ETN's value can be affected by factors such as interest rate changes and market volatility.
As with all exchange-traded products, it is important for investors to carefully consider their investment objectives, risk tolerance, and the investment's fees and expenses before making an investment decision. Additionally, investors should carefully read the ETN's prospectus, which can be obtained from the issuer's website or from their broker.
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