AMUB vs. MLPB ETF Comparison

Comparison of ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) to ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB)

AMUB

ETRACS Alerian MLP Index ETN Series B due July 18, 2042

AMUB Description

The ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (the “Securities”) is senior unsecured debt securities issued by UBS that provide exposure to potential price appreciation in the Alerian MLP Index (the “Index”). The index measures the performance of 50 energy master limited partnerships. The fund refer to the master limited partnerships (“MLPs”) included in the Alerian MLP Index as the “index constituents.” The index constituents are engaged in the transportation, storage, processing or production of energy commodities. It is a proprietary index of the index sponsor.

Grade (RS Rating)

Last Trade

$19.27

Average Daily Volume

1,318

Number of Holdings ^*

12

* 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

$25.79

Average Daily Volume

6,256

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	AMUB	MLPB
30 Days	8.01%	8.50%
60 Days	7.50%	7.68%
90 Days	8.06%	8.29%
12 Months	26.71%	26.66%

8 Overlapping Holdings

	Symbol	Grade	Weight in AMUB	Weight in MLPB	Overlap
	CQP	B	3.9%	4.59%	3.9%
	ENLC	A	4.79%	5.63%	4.79%
	EPD	A	9.91%	9.91%	9.91%
	ET	A	9.16%	9.16%	9.16%
	GEL	D	2.47%	2.91%	2.47%
	MPLX	A	10.54%	10.54%	10.54%
	PAA	B	9.42%	10.02%	9.42%
	WES	C	8.79%	10.08%	8.79%

AMUB Overweight 4 Positions Relative to MLPB

	Symbol	Grade	Weight
	HESM	B	1.26%
	DKL	C	0.8%
	NGL	D	0.53%
	MMLP	B	0.2%

AMUB Underweight 0 Positions Relative to MLPB

	Symbol	Grade	Weight

AMUB: Top Represented Industries & Keywords

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

Keywords: Midstream Natural Gas Petroleum Industry Crude Oil Natural Gas Liquids Refined Products Barge Natural Gas Processing Ngl Pipeline Oil Pipeline Oil Storage Petroleum Petroleum Transport Pipeline Transport Refinery Transportation Segment Crude Oil Pipeline Gas Processing Gas Producer Gas Storage Facilities

MLPB: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines

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