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ETRACS MLP ETN Continues To Be The Top Performing Exchange Traded Product Tracking The Alerian MLP Infrastructure Index

Stocks in this article: AMLPMLPIUBS

UBS Investment Bank today announced that the ETRACS Alerian MLP Infrastructure ETN (Ticker: MLPI) continues to be the year to date top performing exchange-traded product linked to the Alerian MLP Infrastructure Index (Ticker: AMZI) for the month of November 2011.

Both MLPI and the Alerian MLP ETF (Ticker: AMLP) are designed to deliver the performance of the Alerian MLP Infrastructure Index (the “Index”). The table below summarizes their performance during the month of November 2011, year-to-date and since the day that both products could be purchased on an exchange:

 
          Total Return
Price Return Total Return Price Return Total Return Since
Ticker   (November)   (November)   (YTD)   (YTD)   8/25/2010*
MLPI 0.16% 0.16% 3.89% 9.41% 24.83%
AMLP -1.30% 0.31% -0.62% 5.82% 15.27%
Index   0.22%   0.73%   3.77%   10.37%   26.52%

Source: Bloomberg, 11/30/2011

*The first day that both products could be purchased on an exchange

MLPI first day of trading: 04/01/2010

AMLP first day of trading: 8/25/2010

About the Index

The Index is a liquid, midstream-focused subset of the Alerian MLP Index comprised of 25 energy infrastructure MLPs. The Index, whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities provides investors with a benchmark for the infrastructure component of this emerging asset class. The Index is calculated using a capped, float-adjusted, capitalization-weighted methodology that results in greater diversification versus a pure market capitalization-weighted index.

MLPI offers:

  • Exposure to a portfolio of 25 energy infrastructure MLPs through a single, exchange-traded security
  • Income via quarterly coupons linked to cash distributions, if any, paid by the MLPs in the Index, less fees 1
  • No K-1s: the coupons associated with the ETN are reported as ordinary income on Form 1099, and therefore the administrative burden associated with K-1 forms is eliminated 2. AMLP, unlike MLPI, is taxed as a regular corporation, resulting in a potential discrepancy between after tax performance and the performance of the Index

About ETRACS

For further information about ETRACS ETNs, go to http://www.etracs.com.

Exchange Traded Access Securities ETNs (“ETRACS ETNs”), are exchange-traded notes, an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETRACS ETNs may offer:

  • Access to asset classes with historically low correlations to more traditional asset classes
  • Convenience of an exchange-traded security
  • Transparent exposure to a published index

ETRACS ETNs are senior unsecured notes issued by UBS AG (“UBS”), are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the prospectus supplement for the ETRACS ETN.

There are 41 ETRACS ETNs:

ETRACS ETN Name

 

Ticker

 

Master Limited Partnerships

Alerian MLP Infrastructure MLPI
2x Monthly Leveraged Long Alerian MLP Infrastructure MLPL
1x Monthly Short Alerian MLP Infrastructure TR* MLPS
Alerian Natural Gas MLP MLPG
Wells Fargo MLP Index MLPW
 

Business Development Companies

Wells Fargo Business Development Company Index BDCS
2x Monthly Leveraged Wells Fargo Business Development Company Index BDCL
 

Alpha Strategies

Long-Short S&P 500 VIX Futures XVIX
Natural Gas Futures Contango ETN GASZ
Oil Futures Contango ETN OILZ
 

Hybrid

S&P 500 Gold Hedged SPGH
Fisher-Gartman Risk On ETN ONN
Fisher-Gartman Risk Off ETN OFF
 

Commodities

CMCI TR UCI
CMCI Agriculture TR UAG
CMCI Energy TR UBN
CMCI Food TR FUD
CMCI Gold TR UBG
CMCI Industrial Metals TR UBM
CMCI Livestock TR UBC
CMCI Long Platinum ER* PTM
CMCI Short Platinum ER PTD
CMCI Silver TR USV
DJ-UBS Commodity Index TR DJCI
 

Equities

Next Generation Internet ETN EIPO
Monthly 2xLeveraged Next Generation Internet ETN EIPL
Long ISE Solid State Drive Index SSDD
2xLeveraged Long ISE Solid State Drive Index SSDL
Monthly 2xLeveraged ISE Cloud Computing TR LSKY
 

Volatility

Long-Short S&P 500 VIX Futures XVIX
Long 1-Month S&P 500 VIX Futures VXAA
Long 2-Month S&P 500 VIX Futures VXBB
Long 3-Month S&P 500 VIX Futures VXCC
Long 4-Month S&P 500 VIX Futures VXDD
Long 5-Month S&P 500 VIX Futures VXEE
Long 6-Month S&P 500 VIX Futures VXFF
Short 1-Month S&P 500 VIX Futures AAVX
Short 2-Month S&P 500 VIX Futures BBVX
Short 3-Month S&P 500 VIX Futures CCVX
Short 4-Month S&P 500 VIX Futures DDVX
Short 5-Month S&P 500 VIX Futures EEVX
Short 6-Month S&P 500 VIX Futures FFVX
 

*TR=Total Return and ER=Excess Return

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