UBS AG, begun trading 2 new ETNs, the ETRACS 2x Monthly Leveraged Alerian MLP Infrastructure Index ETN Series B (NYSE Arca: MLPQ) and the ETRACS 2x Monthly Leveraged S&P MLP Index ETN Series B (NYSE Arca: MLPZ) on Tuesday, February 09, 2016.  Here is a synopsis of the new ETNs:

1.
FUND INFORMATION:

Symbol: MLPQ	Exchange: NYSE Arca
Name: ETRACS 2x Monthly Leveraged Alerian MLP Infrastructure Index ETN Series B	Net Expense Ratio: 0.85%

 

FUND OBJECTIVE:
The ETRACS 2x Monthly Leveraged Alerian MLP Infrastructure Index ETN Series B due February 12, 2046 are senior unsecured debt securities that provide two times leveraged long exposure to the compounded monthly performance of the Alerian MLP Infrastructure Index. MLPQ is expected to pay a quarterly coupon payment if any.

 

REFERENCE INDEX:
The Alerian MLP Infrastructure Index comprising 22 energy infrastructure master limited partnerships (MLPs), is a subset of the Alerian MLP Index. The Index Constituent Securities earn the majority of their cash flow from the transportation, storage, and processing of energy commodities.
The Index is calculated by S&P using a capped, float-adjusted, capitalization-weighted methodology. The Index is disseminated through ticker AMZI.
Index rebalancings fall into two groups: quarterly rebalancings and special rebalancings. Quarterly rebalancings occur on the third Friday of each March, June, September, and December, and are effective at the open of the next trading day.

 

Index Top Constituents (12/18/2015):

Enterprise Products Partners LP (EPD)	10.65%
MPLX LP (MLPX)	8.43%
Magellan Midstream Partners LP (MMP)	8.12%
Plains All American Pipeline LP (PAA)	7.35%
Buckeye Partners LP ( BPL)	7.17%
Energy Transfer Partners LP (ETP)	6.53%
Enbridge Energy Partners LP (EEP)	4.60%
Williams Partners LP (WPZ)	4.53%
EQT Midstream Partners LP (EQM)	4.49%
ONEOK Partners LP (OKS)	4.24%

 

Useful Links:
MLPQ Home Page
AMZI Index

 

 

Category: Equities> Regions> USA> US Income> MLPs

 

 

2.
FUND INFORMATION: CLOSED 03/18/2020

Symbol: MLPZ	Exchange: NYSE Arca
Name: ETRACS 2x Monthly Leveraged S&P MLP Index ETN Series B	Net Expense Ratio: 0.95%

 

FUND OBJECTIVE:
The ETRACS 2x Monthly Leveraged S&P MLP Index ETN Series B due February 12, 2046 are senior unsecured debt securities that provide two times leveraged long exposure to the compounded monthly performance of the S&P MLP Index. MLPZ is expected to pay a quarterly coupon payment if any.

 

REFERENCE INDEX:
The S&P MLP Index (SPMLP) is designed to measure leading Master Limited Partnerships (MLPs) and limited liability companies (LLCs) that trade on major U.S. exchanges.
MLPs are limited liability partnerships that are publicly traded on a securities exchange. Publicly traded LLCs have a similar legal structure to MLPs and share the same tax characteristics. As the vast majority of traded partnerships have operations in the oil and gas industries, the Index focuses on companies in the Global Industry Classification Standard (GICS) Energy Sector and the GICS Gas Utilities Industry.
The S&P MLP Index is a price-return index that does not account for distributions calculated on a real-time basis beginning when the first traded price of any of the Index Constituent Securities is received by S&P Dow Jones Indices LLC (Index Sponsor).

Index Constituent membership is reviewed once a year at the October rebalancing. The reference date for such additions and deletions is after the closing of the last trading date of September. Index Constituent changes and weight adjustments occur after the closing of the third Friday of October.
The base date of the Index is July 20, 2001, and the base value on such date was 1000. The Index was comprised of 79 Index Constituent Securities as of January 29, 2016.

 

Index Top Constituents (01/29/2016):

Name	Symbol
Enterprise Product Partners LP	EPD
Magellan Midstream Partners	MMP
Energy Transfer Partners LP	ETP
Plains All American Pipeline LP	PAA
Energy Transfer Equity LP	ETE
Buckeye Partners LP	BPL
MPLX LP	MPLX
Williams Partners LP	WPZ
ONEOK Partners LP	OKS
Sunoco Logistics Partners LP	SXL

 

 

Useful Links:
MLPZ Home Page
SPMLP Index

 

 

Category: Equities> Regions> USA> US Income> MLPs