AMLP vs. MLPB ETF Comparison

Comparison of Alerian MLP ETF (AMLP) to ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB)

AMLP

Alerian MLP ETF

AMLP Description

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class. The fund will normally invest at least 90% of its total assets in securities that comprise the index (or depositary receipts based on such securities). It is non-diversified.

Grade (RS Rating)

Last Trade

$48.98

Average Daily Volume

1,445,884

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MLPB

ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040

MLPB Description

The ETRACS Alerian MLP Infrastructure Index ETN Series B is senior unsecured debt securities issued by UBS that provide exposure to potential price appreciation in the Alerian MLP Infrastructure Index. The index, comprised of 22 energy infrastructure master limited partnerships, is a subset of the Alerian MLP Index. The index refers to the master limited partnerships included in the Alerian MLP Infrastructure Index as the “index constituents.” It constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities. The index is intended to provide diversified exposure specifically to infrastructure investment.

Grade (RS Rating)

Last Trade

$25.40

Average Daily Volume

6,184

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMLP	MLPB
30 Days	5.98%	7.10%
60 Days	4.88%	6.06%
90 Days	6.30%	7.58%
12 Months	22.94%	25.35%

8 Overlapping Holdings

Symbol	Grade	Weight in AMLP	Weight in MLPB	Overlap
CQP	B	4.01%	4.59%	4.01%
ENLC	A	7.94%	5.63%	5.63%
EPD	A	12.71%	9.91%	9.91%
ET	A	13.09%	9.16%	9.16%
GEL	D	2.3%	2.91%	2.3%
MPLX	A	13.04%	10.54%	10.54%
PAA	B	11.92%	10.02%	10.02%
WES	C	11.44%	10.08%	10.08%

AMLP Overweight 6 Positions Relative to MLPB

Symbol	Grade	Weight
SUN	C	11.09%
HESM	A	6.31%
USAC	B	3.23%
GLP	A	2.51%
SPH	D	2.39%
DKL	C	0.96%

AMLP Underweight 0 Positions Relative to MLPB

	Symbol	Grade	Weight

MLPB: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines