MLPB vs. MLPA ETF Comparison

Comparison of ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB) to Global X MLP ETF (MLPA)

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

$26.09

Average Daily Volume

6,456

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

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

$50.89

Average Daily Volume

100,239

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

Performance

Period	MLPB	MLPA
30 Days	9.50%	8.42%
60 Days	7.41%	7.25%
90 Days	9.55%	9.10%
12 Months	28.13%	21.48%

8 Overlapping Holdings

	Symbol	Grade	Weight in MLPB	Weight in MLPA	Overlap
	CQP	B	4.59%	5.53%	4.59%
	ENLC	A	5.63%	8.11%	5.63%
	EPD	A	9.91%	12.4%	9.91%
	ET	A	9.16%	13.35%	9.16%
	GEL	D	2.91%	2.83%	2.83%
	MPLX	A	10.54%	11.28%	10.54%
	PAA	B	10.02%	8.9%	8.9%
	WES	C	10.08%	9.45%	9.45%

MLPB Overweight 0 Positions Relative to MLPA

	Symbol	Grade	Weight

MLPB Underweight 10 Positions Relative to MLPA

	Symbol	Grade	Weight
	SUN	B	-7.79%
	HESM	B	-7.61%
	USAC	B	-4.02%
	GLP	A	-3.84%
	SPH	B	-3.04%
	DKL	C	-1.69%
	MMLP	C	-0.0%
	NGL	D	-0.0%
	SGU	B	-0.0%
	CAPL	D	-0.0%

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

MLPA: Top Represented Industries & Keywords

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

Keywords: Natural Gas Petroleum Industry Crude Oil Midstream Natural Gas Liquids Propane Refined Products Barge Motor Fuel Natural Gas Processing Ngl Pipeline Oil Pipeline Oil Storage Petroleum Petroleum Transport Pipeline Transport Refinery Transportation Segment Alkanes Crude Oil Pipeline