Symbols

MLPB

ETRACS Alerian MLP Infrastructure Index ETN Series B·NYSE

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Key Stats

Assets Under Management

206.66MUSD

Fund Flows (1Y)

-43.17MUSD

Dividend Yield

6.23%

Discount/Premium to NAV

-0.22%

Shares Outstanding

7.60M

Expense Ratio

0.85%

About ETRACS Alerian MLP Infrastructure Index ETN Series B

Issuer

UBS

Brand

ETRACS

Home Page

http://etracs.ubs.com/product/detail/index/ussymbol/MLPB

Inception Date

Oct 8, 2015

Structure

Exchange-Traded Note

Index Tracked

Alerian MLP Infrastructure Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Distributor

UBS Securities LLC

MLPB tracks a popular MLP index. The note launched on Oct. 9, 2015 as a "B Series” companion to popular MLPI, providing more capacity for exposure to the same index. It is also a structural alternative to AMLP, which is a C-corp ETF that tracks the same infrastructure index. The roughly 25 companies in the index are all in our benchmark, but they have a narrower focus: MLPB holds only storage and transportation MLPs. The yield thrown off by the MLPs in the index is replicated with coupon payments from the ETN, which are taxed at ordinary income tax rates.