AMJ vs. MLPB ETF Comparison

Comparison of JP Morgan Alerian MLP ETN (AMJ) to ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB)

AMJ

JP Morgan Alerian MLP ETN

AMJ Description

The investment seeks to replicate, net of expenses, the Alerian MLP Index. The index tracks the performance of midstream energy Master Limited Partnerships.

Grade (RS Rating)

Last Trade

$28.28

Average Daily Volume

602,855

Number of Holdings ^*

2

* 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

$23.72

Average Daily Volume

19,418

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	AMJ	MLPB
30 Days	4.47%	4.74%
60 Days	1.84%	2.16%
90 Days	5.69%	6.49%
12 Months	33.05%	31.19%

2 Overlapping Holdings

	Symbol	Grade	Weight in AMJ	Weight in MLPB	Overlap
	EPD	B	10.47%	9.91%	9.91%
	MPLX	D	7.18%	10.54%	7.18%

AMJ Overweight 0 Positions Relative to MLPB

	Symbol	Grade	Weight

AMJ Underweight 7 Positions Relative to MLPB

	Symbol	Grade	Weight
	WES	B	-10.08%
	PAA	D	-10.02%
	ET	B	-9.16%
	ENLC	B	-5.63%
	CQP	D	-4.59%
	NS	D	-3.6%
	GEL	C	-2.91%

AMJ: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream

Keywords: Crude Oil Crude Oil Pipeline Midstream Oil Pipeline Petroleum Industry Pipeline Systems Pipeline Transport Energy Services Gas Pipeline Gas Pipeline System Gas Processing Gas Storage Facilities Marathon Petroleum Marine Transportation Markets Crude Oil Markets Natural Gas Midstream Energy Midstream Energy Services Natural Gas Natural Gas Liquids

MLPB: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines

Keywords: Crude Oil Petroleum Industry Midstream Natural Gas Oil Pipeline Refined Products Crude Oil Pipeline Pipeline Transport Gas Processing Gas Storage Facilities Midstream Energy Natural Gas Liquids Natural Gas Processing Natural Gas Storage Natural Gas Storage Facilities Ngl Pipeline Oil Storage Petroleum Pipeline Systems Refinery