MLPA vs. AMTR ETF Comparison

Comparison of Global X MLP ETF (MLPA) to ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR)

MLPA

Global X MLP ETF

MLPA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

97,317

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMTR

ETRACS Alerian Midstream Energy Total Return Index ETN

AMTR Description

The investment seeks to provide an unleveraged long exposure to the performance of the Alerian Midstream Energy Adjusted Net TR Index. The index is the adjusted net total return version of the Alerian Midstream Energy Index. The securities are subject to a Daily Tracking Fee equivalent to 0.75% per annum. The index tracks a broad-based composite of North American energy infrastructure companies that earn the majority of their cash flow from midstream energy activities involving energy commodities.

Grade (RS Rating)

Last Trade

$78.98

Average Daily Volume

948

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MLPA	AMTR
30 Days	6.05%	11.82%
60 Days	5.49%	17.95%
90 Days	6.81%	21.70%
12 Months	18.92%	52.86%

4 Overlapping Holdings

Symbol	Grade	Weight in MLPA	Weight in AMTR	Overlap
CQP	B	5.53%	5.29%	5.29%
HESM	A	7.61%	0.14%	0.14%
MPLX	A	11.28%	3.18%	3.18%
NGL	C	0.0%	0.31%	0.0%

MLPA Overweight 14 Positions Relative to AMTR

Symbol	Grade	Weight
ET	A	13.35%
EPD	A	12.4%
WES	C	9.45%
PAA	B	8.9%
ENLC	A	8.11%
SUN	C	7.79%
USAC	B	4.02%
GLP	A	3.84%
SPH	D	3.04%
GEL	D	2.83%
DKL	C	1.69%
MMLP	A	0.0%
SGU	B	0.0%
CAPL	D	0.0%

MLPA Underweight 6 Positions Relative to AMTR

Symbol	Grade	Weight
ENB	A	-9.15%
KMI	A	-8.89%
PBA	C	-6.1%
KEY	B	-1.49%
AM	A	-0.77%
TELL	B	-0.06%

MLPA: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Equipment & Services Oil & Gas Pipelines Utilities - Regulated Gas