Key stats
About ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040
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Inception date
Oct 8, 2015
Structure
Exchange-Traded Note
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Distributor
UBS Securities LLC
MLPB tracks a popular MLP index. The note launched on Oct. 9, 2015 as a B Series companion to popular MLPI, providing more capacity for exposure to the same index. It is also a structural alternative to AMLP, which is a C-corp ETF that tracks the same infrastructure index. The roughly 25 companies in the index are all in our benchmark, but they have a narrower focus: MLPB holds only storage and transportation MLPs. The yield thrown off by the MLPs in the index is replicated with coupon payments from the ETN, which are taxed at ordinary income tax rates.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.