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

ETRACS · Leveraged ETFs · data as of Oct 9, 2026

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

## Key facts

- CEFD, net assets: an exchange traded note holds no assets; it is the issuing bank’s unsecured debt, as of Oct 9, 2026.
- CEFD, underlying: Closed-End Fund Index (no investable tracker), as of Oct 9, 2026.
- CEFD, sets out to return: +1.5 times the daily move of Closed-End Fund Index, reset daily, as of Oct 9, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +1.5 times the daily move of Closed-End Fund Index, reset daily | ETFIQ |
| Underlying | Closed-End Fund Index (no investable tracker) | ETFIQ |
| Segment | asset class, closed-end funds | ETFIQ |
| Net assets | an exchange traded note holds no assets; it is the issuing bank’s unsecured debt | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| First traded | 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, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/cefd
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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