ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN
FEDL
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 787 Seventh Avenue New York NY United States of America 10019
- IPO Date
- Sep 17, 2021
- CIK
- 0001114446
- Similar Companies
- Business
- ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN (FEDL) is an exchange-traded note issued by UBS AG that provides two times leveraged long exposure to the compounded quarterly performance of the IFED Large-Cap US Equity Index Total Return, less financing costs and tracking fees. The underlying index tracks large-cap U.S. equities selected by the index sponsor as best positioned to benefit from the prevailing monetary policy environment set by the Federal Reserve; the ETN features an annual tracking fee rate of 0.95%, an annual financing fee rate of SOFR plus 1.55%, a CUSIP of 90278V750, trading on the NYSE Arca exchange with an initial trade date of September 14, 2021, and a scheduled maturity date of September 15, 2061. As part of UBS AG's broader ETRACS platform, which offers senior, unsecured, unsubordinated debt securities linked to diverse market indices including equities, commodities, hybrids, MLPs, REITs, and business development companies, FEDL targets institutional and retail investors seeking amplified returns tied to U.S. large-cap performance in varying interest rate regimes. UBS AG, the issuer and a subsidiary of UBS Group AG founded in 1862 with global headquarters in Zurich, Switzerland, operates ETRACS ETNs through its investment banking arm, providing access to strategies across asset classes with offices in over 50 regions worldwide. The firm maintains a significant U.S. presence, including in Stamford, Connecticut, and focuses on innovative structured products like leveraged, income-generating, and thematic ETNs listed primarily on NYSE Arca. Recent developments for the ETRACS platform include UBS declaring coupon payments on multiple ETNs, such as eight products announced on December 4, 2025, alongside ongoing prospectus updates like the new base prospectus dated February 6, 2025, replacing prior versions to reflect current terms for outstanding series including those linked to IFED indices. In 2021, UBS launched complementary IFED-linked ETNs, including the non-leveraged ETRACS IFED Invest with the Fed TR Index ETN, expanding its monetary policy-responsive product suite; no specific acquisitions, funding rounds, or name changes for FEDL were reported in the last 1-2 years, though the platform continues routine operations such as index successions and mandatory redemptions for other series.