MLPB vs. VABS ETF Comparison

Comparison of ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) to Virtus Newfleet ABS/MBS ETF (VABS)
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

$24.79

Average Daily Volume

11,325

Number of Holdings *

9

* may have additional holdings in another (foreign) market
VABS

Virtus Newfleet ABS/MBS ETF

VABS Description The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.09

Average Daily Volume

1,164

Number of Holdings *

53

* may have additional holdings in another (foreign) market
Performance
Period MLPB VABS
30 Days 5.21% 0.83%
60 Days 4.44% 1.43%
90 Days 3.33% 1.52%
12 Months 33.64% 6.33%
2 Overlapping Holdings
Symbol Grade Weight in MLPB Weight in VABS Overlap
ET B 9.16% 0.55% 0.55%
NS D 3.6% 2.1% 2.1%
MLPB Overweight 7 Positions Relative to VABS
Symbol Grade Weight
MPLX B 10.54%
WES B 10.08%
PAA B 10.02%
EPD B 9.91%
ENLC B 5.63%
CQP C 4.59%
GEL B 2.91%
MLPB Underweight 51 Positions Relative to VABS
Symbol Grade Weight
RLJ F -4.48%
BW C -2.27%
EFC B -1.89%
BFS C -1.53%
EQC C -1.49%
DRH D -1.35%
PBI A -1.34%
TWO B -1.26%
ARR B -1.25%
GNL C -0.94%
F B -0.87%
MFA B -0.86%
CIM C -0.82%
IVR C -0.78%
DBRG F -0.62%
EPR C -0.47%
MITT B -0.45%
CTO B -0.29%
AEL A -0.28%
PSEC C -0.23%
TDS B -0.23%
PMT C -0.21%
AHH B -0.17%
SHO C -0.17%
LXP B -0.17%
INN D -0.16%
ATCOL A -0.15%
BHR C -0.15%
UMH A -0.11%
ABR B -0.1%
ALLY B -0.1%
FTAI B -0.06%
ALTG F -0.05%
FHN C -0.04%
NYCB D -0.04%
AL C -0.04%
CIO C -0.03%
NLY C -0.03%
SNV B -0.02%
DX D -0.02%
CODI D -0.02%
PEB D -0.01%
CNO B -0.01%
VNO C -0.01%
BOH F -0.01%
SF B -0.01%
EQH B -0.01%
COF D -0.01%
IFF B -0.01%
JPM B -0.01%
NEE D -0.01%
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