ETRACS IFED Invest with the Fed TR Index ETN IFED Strategy

The investment seeks to provide an unleveraged long exposure to the performance of the IFED Large-Cap US Equity Index Total Return. The Index is the total return version of the IFED Large-Cap US Equity Index. The index tracks large-cap U.S. equities that are determined by the index Sponsor to be best positioned to benefit from the prevailing monetary environment.