| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NCI North Capital Inc. North Capital Inc. | 87,219 | $1.78M | $1.97M | $192,977.44 | 10.83% |
| ARCA Exchange | US Country |
The ETRACS Alerian MLP Index ETN Series B due July 18, 2042, represents a series of senior unsecured debt securities issued by UBS. These securities are intricately designed to track the composite performance of energy Master Limited Partnerships (MLPs), offering investors a unique opportunity to engage in the energy sector's growth through a financial instrument that combines the liquidity of stocks with the tax benefits of MLPs. The index underlying these securities, calculated by S&P Dow Jones Indices, adopts a float-adjusted, capitalization-weighted methodology, ensuring a balanced and comprehensive reflection of the MLP market. This product aims to provide investors with exposure to the energy infrastructure segment while attempting to offer consistent returns mirroring the sector's performance.
This product is a form of exchange-traded note (ETN) that specifically targets the Alerian MLP Index. Designed as senior unsecured debt securities issued by UBS, it provides an investment avenue focusing on the energy sector, particularly Master Limited Partnerships. The ETN Series B is due for maturity in July 2042, offering a long-term investment horizon associated with potential income generation and capital appreciation through exposure to the energy infrastructure industry. By investing in this ETN, investors benefit from the liquidity of a publicly traded security while gaining access to the MLP sector's high yield and growth potential without direct ownership complications.