FEDL

ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN seeks to provide 2 times leveraged long exposure to the compounded quarterly performance of the IFED Large-Cap US Equity Index Total Return, reduced by the Accrued Fees. The index is the total return version of the IFED Large-Cap US Equity Index. The index tracks large-cap U.S. equities that are determined by the index Sponsor to be best positioned to benefit from the prevailing monetary environment.