# CEFD (ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN)

ETRACS · Leveraged ETFs · data as of Sep 11, 2026

CEFD aims to return +1.5 times ETRACS Monthly Pay Closed-End's move each day, then resets. Over one day it does that.

## Key facts

- CEFD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- CEFD, underlying: ETRACS Monthly Pay Closed-End (no investable tracker), as of Sep 11, 2026.
- CEFD, sets out to return: +1.5 times the daily move of ETRACS Monthly Pay Closed-End, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +1.5 times the daily move of ETRACS Monthly Pay Closed-End, reset daily | ETFIQ |
| Underlying | ETRACS Monthly Pay Closed-End (no investable tracker) | ETFIQ |
| Segment | broad index, index variant | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jun 3, 2020 | ETFIQ |

## Questions

### Why does CEFD not return +1.5 times over a year?

Because it resets daily. CEFD aims at +1.5 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +1.5 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, CEFD, data as of Sep 11, 2026. https://etfiq.com/funds/CEFD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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