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About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN
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Inception date
Jun 2, 2020
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
MLPR offers quarterly 1.5x leveraged exposure to index of 50 publicly-traded MLPs, selected by distributions and weighted by market cap. Securities included in the index are MLPs that earn the majority of their cash flow from the following activities: pipeline transportation, gathering and processing, storage, production and mining, marketing, marine transportation, services, catalytic conversion, mineral interest, refining, regasification and other related activities. Since MLPR is an ETN, holders of the note do not have any implied ownership of individual MLPs. Also, the funds distributions will be taxed as ordinary income. The loss of tax deferment and counterparty risk are trade-offs for tax simplicity. As a geared product, MLPR is designed as a short-term trading tool and not a long-term investment vehicle, so long-term returns could materially differ from those of the underlying index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history