AMLP vs. MLPR ETF Comparison

Comparison of Alerian MLP ETF (AMLP) to ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR)

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

$46.79

Average Daily Volume

1,278,782

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MLPR

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

MLPR Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Alerian MLP Index, reduced by the Accrued Fees. The index measures the composite performance of energy MLPs, and is calculated by S&P using a capped, float-adjusted, capitalization-weighted methodology. The index Constituent Securities earn the majority of their cash flow from qualifying midstream activities involving energy commodities.

Grade (RS Rating)

Last Trade

$55.08

Average Daily Volume

601

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMLP	MLPR
30 Days	-1.80%	-3.54%
60 Days	0.30%	0.01%
90 Days	2.11%	2.90%
12 Months	13.69%	22.22%

10 Overlapping Holdings

Symbol	Grade	Weight in AMLP	Weight in MLPR	Overlap
CQP	B	4.01%	3.9%	3.9%
DKL	D	1.0%	0.8%	0.8%
ENLC	A	7.84%	4.79%	4.79%
EPD	A	12.39%	9.91%	9.91%
ET	A	12.9%	9.16%	9.16%
GEL	F	2.83%	2.47%	2.47%
HESM	F	6.56%	1.26%	1.26%
MPLX	A	12.72%	10.54%	10.54%
PAA	C	12.2%	9.42%	9.42%
WES	D	12.4%	8.79%	8.79%

AMLP Overweight 4 Positions Relative to MLPR

Symbol	Grade	Weight
SUN	F	11.45%
USAC	F	3.17%
GLP	B	2.47%
SPH	C	2.38%

AMLP Underweight 2 Positions Relative to MLPR

	Symbol	Grade	Weight
	NGL	F	-0.53%
	MMLP	B	-0.2%

MLPR: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Oil & Gas Refining & Marketing