LMLB

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B
*Unless otherwise stated, data provided by FactSet.

LMLB Fund Description

LMLB provides 2x leveraged exposure to a market-cap-weighted index of non-energy MLPs listed on US exchanges. Leverage resets monthly, and distributions are made monthly.

LMLB Factset Analytics Insight

LMLB provides leveraged exposure to MLPs by tracking a market cap weighted index of non-energy related MLPs listed on U.S exchanges. Index constituents are selected by a Committee and no single issuer may constitute more than 10% of the index. As a leveraged ETF, this product is built to be a tactical tool, not a long-term holding. Unlike most leveraged ETFs, LMLB’s 2x leverage is rebalanced monthly instead of daily. The real-world implication is that investors will get consistent 2x leverage, gross of fees, if they buy on the first trading day of the month and sell on the last. Investors who buy LMLP intra-month or hold it for multiple months will receive an uncertain degree of leverage that could be greater or less than 2x. Also worth noting is that some of the tax benefits of the MLP structure are lost once they are packaged together in an ETF or ETN (check ETF.com’s MLP white paper for more). We expect distributions, paid monthly, to be taxed as ordinary income, not qualified dividends.

LMLB Charts And Performance

  • 1 Month
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  • 1 Year
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  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 08/12/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMLB 16.70% 27.08% -64.95% -- -- -- --
LMLB (NAV) 17.44% 27.76% -65.01% -- -- -- --
Wells Fargo MLP Ex-Energy Index 8.78% 13.50% -29.07% -20.58% 0.01% 0.32% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LMLB Summary Data

UBS
ETRACS
10/24/19
Exchange-Traded Note
1.65%
$3.18M
1.27%

LMLB Portfolio Data

--
N/A

LMLB Index Data

Market Cap
Committee
N/A

LMLB Fund Structure

Yes
--
N/A / N/A
UBS AG (London Branch)
Low
High
2
Monthly

LMLB Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

LMLB Factset Analytics Block Liquidity

As of 08/13/20
5
4
3
2
1

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

LMLB Tradability

7,683
$60.33K
5,610
$46.32K
1.27%
$0.10
0.04%
7.76% / -1.70%
None
--
50,000
0.11
0.13%
--
0
$8.16
N/A