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About ETRACS Alerian MLP Index ETN Class B
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Inception date
Oct 8, 2015
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
Identifiers
3
ISIN US90274D3742
AMUB tracks a market cap-weighted index of the 50 publicly traded MLPs, selected by distributions. The note launched on Oct. 9, 2015 as a B Series companion to AMU, providing more capacity for exposure to the same index. AMUB (and AMU) are alternatives to AMJ, another ETN that tracks the same index but that is currently closed for creations. Since AMUB is an ETN, holders of the note do not have any implied ownership of individual MLPs. Also, AMUB's distributions will be taxed as ordinary income. The loss of tax deferment and counterparty risk are trade-offs for tax simplicity.
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Classification
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AMUB assets under management is 34.67 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AMUB expense ratio is 1.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AMUB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, AMUB pays dividends to its holders with the dividend yield of 6.16%.
AMUB shares are issued by UBS Group AG
AMUB follows the Alerian MLP. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 8, 2015.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.