AMND vs. MLPB ETF Comparison

Comparison of ETRACS Alerian Midstream Energy High Dividend Index ETN (AMND) to ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB)

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN

AMND Description

The investment seeks a return linked to the performance of the Alerian Midstream Energy Dividend Index (the ?index?). The index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The securities do not have a minimum payment at maturity, upon redemption or upon call and are fully exposed to any decline in the index. The payment investors receive on the securities at maturity, early redemption or upon exercise by UBS of its call right will depend on the performance of the index, as measured by the Current Principal Amount.

Grade (RS Rating)

Last Trade

$43.37

Average Daily Volume

Number of Holdings ^*

* 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

$23.77

Average Daily Volume

20,794

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMND	MLPB
30 Days	0.73%	1.03%
60 Days	5.01%	4.81%
90 Days	7.99%	9.14%
12 Months	23.75%	34.07%

9 Overlapping Holdings

Symbol	Grade	Weight in AMND	Weight in MLPB	Overlap
CQP	C	5.45%	4.59%	4.59%
ENLC	A	0.65%	5.63%	0.65%
EPD	A	9.82%	9.91%	9.82%
ET	A	5.58%	9.16%	5.58%
GEL	A	0.27%	2.91%	0.27%
MPLX	A	10.62%	10.54%	10.54%
NS	C	0.6%	3.6%	0.6%
PAA	A	1.88%	10.02%	1.88%
WES	A	1.94%	10.08%	1.94%

AMND Overweight 10 Positions Relative to MLPB

Symbol	Grade	Weight
TRP	D	10.04%
ENB	B	9.84%
KMI	A	8.82%
WMB	A	7.72%
OKE	A	6.54%
AM	A	1.54%
KEY	C	1.14%
ETRN	A	0.93%
PAGP	A	0.51%
TRGP	A	0.36%

AMND Underweight 0 Positions Relative to MLPB

	Symbol	Grade	Weight

AMND: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Banks - Regional - US

MLPB: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines