CEFD Stock, ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Information

The fund seeking quarterly compounding leveraged long investment results The Securities are intended to be trading tools for sophisticated investors as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a quarterly basis (or shorter basis under circumstances described herein). Their performance over longer periods of time can differ significantly from their stated objectives. The Securities are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who have a buy and hold strategy.