MLPB vs. MLPX ETF Comparison

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

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

$23.66

Average Daily Volume

20,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MLPX

Global X MLP & Energy Infrastructure ETF

MLPX Description

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before it can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.92

Average Daily Volume

227,044

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MLPB	MLPX
30 Days	-2.19%	-0.91%
60 Days	3.10%	5.82%
90 Days	9.41%	11.30%
12 Months	38.22%	31.94%

8 Overlapping Holdings

Symbol	Grade	Weight in MLPB	Weight in MLPX	Overlap
CQP	C	4.59%	1.04%	1.04%
ENLC	C	5.63%	2.09%	2.09%
EPD	C	9.91%	4.24%	4.24%
ET	A	9.16%	4.48%	4.48%
MPLX	A	10.54%	4.35%	4.35%
NS	D	3.6%	1.35%	1.35%
PAA	B	10.02%	4.39%	4.39%
WES	A	10.08%	3.63%	3.63%

MLPB Overweight 1 Positions Relative to MLPX

	Symbol	Grade	Weight
	GEL	A	2.91%

MLPB Underweight 14 Positions Relative to MLPX

Symbol	Grade	Weight
WMB	B	-9.39%
OKE	C	-9.33%
KMI	A	-6.42%
LNG	D	-6.4%
TRGP	B	-5.25%
DTM	B	-3.97%
ETRN	A	-3.88%
AM	A	-3.1%
PAGP	B	-2.35%
AROC	B	-1.74%
HESM	C	-1.51%
NEXT	B	-0.74%
KNTK	B	-0.61%
DKL	D	-0.18%

MLPB: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines

MLPX: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Oil & Gas E&P Oil & Gas Equipment & Services