UBS E-TRACS Alerian MLPFind Ratings Reports
- Last Ratings Update:03/31/2018
- Price as of 03/31/2018 :$21.13
- Net Assets:$2,328.2 Million
- Peer Rank:269 of 283
- Investment Rating:E
We rate UBS E Tracs Alerian MLP Infrast Idx at E. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking an Equity Income strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The UBS E Tracs Alerian MLP Infrast Idx has returned an annual rate of 3.00% since inception. More recently, the fund has generated a total return of -5.95% in the last five years, -12.31% in the last three years, and -22.89% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 12% of them. It has also outpaced 5% of its competitors on a three year basis and 3% of them over the last year for the period ending 3/31/2018. On a year to date basis, MLPI has returned -11.34%.
Downside risk has been above average. MLPI has a draw down risk of -46.71%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.6%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 3/31/2018, the fund was trading at a price of $21.13, which is 28.7% below its 52-week high of $29.65 and 4.0% above its 52-week low of $20.32.
Low expense ratio helps performance. On total assets of $2.33 billion, MLPI maintains a low expense ratio compared to its Equity Income peers of just 0.00% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As MLPI is an exchange traded fund, it has no front end or back end load.
The UBS E Tracs Alerian MLP Infrast Idx is managed by a team at UBS Asset Management (Americas) Inc. This fund is one of 35 UBS Asset Management (Americas) Inc exchange-traded funds launched since 4/1/2008 that we track.