ETF Evaluator:
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN (PFFL)
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(as of Sep 02)
Best Performing in Trading--Miscellaneous Over the Last Year
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ETF Details
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN Overview
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN (PFFL) is a passively managed Miscellaneous Trading--Miscellaneous exchange-traded fund (ETF). UBS launched the ETF in 2018.
The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index (the “index”).
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.
About ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN (PFFL)
There are 1 members of the management team with an average tenure of 7.85 years: No Manager (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive Preferred Stock ETF USD index with a weighting of 200%. ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN is part of the Other global asset class and is within the Miscellaneous ETF group. ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $78 million average for the Trading--Miscellaneous category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PFFL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN expense ratio is high compared to funds in the Trading--Miscellaneous category. ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has an expense ratio of 0.85%, which is 18% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 46% for the Trading--Miscellaneous category.
Recently, in the month of July 2026, ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN returned -0.5%, which earned it a grade of C, as the Trading--Miscellaneous category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN has a trailing yield of 12.77%, which is below the 68.32% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN Grades
Year to date, the ETF has returned -3.7%, 1.2 percentage points better than the category, which translates into a grade of C. The fund has returned -2.7% over the past year (grade of C), 1.9% over the past three years (grade of C) and -7.2% per year over the past five years (grade of C).
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PFFL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PFFL Return (NAV) | -0.5% | -5.5% | -2.7% | 1.9% | -7.2% | na |
| PFFL Return (Price) | -0.8% | -4.1% | -2.5% | 1.9% | -7.2% | na |
| NAV +/- Price Return | 0.281% | -1.353% | -0.196% | 0.066% | -0.016% | na |
| Trading--Miscellaneous Avg | 0.1% | -8.5% | -7.5% | -8.9% | -10.7% | -11.3% |
| PFFL Grade (NAV) | C | C | C | C | C | na |
| +/- Category (NAV) | -0.6% | 3.0% | 4.8% | 10.9% | 3.5% | na |
| PFFL Tax-Cost Ratio | na | na | 4.6% | 4.8% | 4.7% | na |
PFFL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFFL Return (NAV) | -3.7% | 1.8% | 5.5% | 8.5% | -39.2% | 6.7% | -15.4% | 31.4% | na | na | na |
| PFFL Return (Price) | -3.8% | 2.2% | 4.8% | 8.8% | -39.6% | 7.5% | -15.4% | 31.3% | na | na | na |
| NAV +/- Price Ret | 0.013% | 0.236% | -0.127% | 0.031% | 0.009% | 0.121% | -0.002% | -0.3% | na | na | na |
| Trading--Miscellaneous Avg | -4.9% | -8.8% | -5.4% | -17.0% | -10.3% | -12.4% | 6.5% | -12.0% | 5.8% | -4.1% | -10.4% |
| PFFL Grade (NAV) | C | C | C | A | F | B | D | A | na | na | na |
| +/- Category | 1.2% | 10.6% | 10.9% | 25.5% | -28.9% | 19.2% | -21.9% | 43.4% | na | na | na |
| Risk Measures | |
| Beta: | 29.02 |
| R-Squared: | 2% |
| Standard Deviation: | 18.2% |
| Category Risk Index: | 0.76 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.49 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 12.8% |
| Total Assets: | $ 4 Mil |
| Share Class Assets: | $ 4 Mil |
| Turnover: | na |
| Expense Ratio: | 0.85% |
| Index Fund: | Yes |
| Index Tracked: | Solactive Preferred Stock ETF USD |
| Index Weighting: | 200% |
| Leveraged: | Yes |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 7.9 years | |||
| Average Tenure: 7.9 years | |||
| Managers (Year): Manager No (2018) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | UBS |
| Phone Number: | 656-495-8000 |
| Website: | www.ubs.com/investor-relations |
| Inception Date: | September 26, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 1.04% |
