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ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
PFFL (ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN) is an index US Equity ETF by ETRACS. With a 0.85% MER, it provides diversified exposure. Monthly distribution with a 13.70% yield.
PFFL by ETRACS is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.85% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 13.70% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).