ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL)

ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) is an exchange-traded fund in the Trading Miscellaneous category. It has $4.40M in assets, an expense ratio of 0.85% and a 12.89% dividend yield. The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.