MLPS

ETRACS 1XMonthly Short Alerian MLP Infrastructure TR ETN
*Unless otherwise stated, data provided by FactSet.

MLPS Fund Description

The ETRACS 1X Monthly Short Alerian MLP Infrastructure ETN provides monthly 1x exposure to a market-cap-weighted index of 25 energy infrastructure MLPs.

MLPS Factset Analytics Insight

This note is being redeemed. The last day of trading will be June 25, 2018. MLPS provides an inverse bet on one of the more popular investment themes in recent years: MLPs. The note is designed to move inversely with the Alerian MLP Infrastructure Index—a market-cap-weighted index of 25 MLPs focused in the energy infrastructure space. As such, MLPS ought to appreciate when the index declines. The note’s -1x exposure is reset on a monthly basis, meaning it can drift (sometimes greatly) from this expected exposure between the beginning and end of the month. This differs from the many daily inverse and leveraged products on the market, making the fund’s 85 bp expense ratio a more important consideration. Still, trading costs matter, regardless of whether they’ll be spread over a longer holding period. To that end, MLPS is both expensive and difficult to trade: Less than $10K worth of MLPS shares changes hands daily, and spreads average nearly 70 bps.

MLPS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 06/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MLPS 1.43% -10.57% -2.18% 1.68% 2.25% -2.60% --
MLPS (NAV) 1.13% -10.66% -1.64% -3.16% 2.12% -2.37% --
Alerian MLP Infrastructure Index -0.33% 11.88% -0.08% 1.07% -7.49% -2.74% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MLPS Summary Data

UBS
ETRACS
09/28/10
Exchange-Traded Note
0.85%
$1.96M
0.68%

MLPS Portfolio Data

0.00%
N/A

MLPS Index Data

Market Cap
Distributions
N/A

MLPS Fund Structure

No
N/A
N/A / N/A
UBS AG (Jersey Branch)
Low
Closing
-1
Monthly

MLPS Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MLPS Factset Analytics Block Liquidity

As of 06/21/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MLPS. MLPS is rated a 5 out of 5.

MLPS Tradability

122
$2.23K
0
0
0.68%
$0.09
-0.26%
6.48% / -8.86%
Potential
0.00%
50,000
0
0.13%
--
--
$12.20
5