ETRACS 2xMonthly Leveraged Alerian MLP Infrastructure Index ETN Series B
The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
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Your personalized experience is almost ready. Sign up for ETFdb. Check your email and confirm your subscription to complete your personalized experience. Thank you for your submission, we hope you enjoy your experience. Pricing Free Sign Up Login. Oct 08, Tax Form: Equity Asset Class Size: Multi-Cap Asset Class Style: North America Region Specific: Historical Trading Data 1 Month Avg. Realtime Rating Summary The adjacent table gives investors an individual Realtime Rating for MLPB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating.
Compare to another ETF. Filings Data as of: Category Low AMJ 0. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The ETF accrues deferred income taxes for future tax liabilities associated with the portion of Master Limited Partnership MLP distributions considered to be a tax-deferred return of capital and for any net operating gains as well as capital appreciation of its investment.
This deferred tax liability is reflected in the daily NAV and as a result the MLP fund's after-tax performance could differ significantly from the underlying assets even if the pre-tax performance is closely tracked. The Fund is classified for federal income tax purposes as a taxable regular corporation or so-called Subchapter "C" corporation. As a "C" corporation, the Fund accrues deferred tax liability for its future tax liability associated with the capital appreciation of its investments and the distributions received by the Fund on equity securities of master limited partnerships considered to be a return of capital and for any net operating gains.
The Fund's accrued deferred tax liability, if any, is reflected each day in the Fund's net asset value per share. Under current law, the Fund is not eligible to elect treatment as a regulated investment company due to its investments primarily in MLPs. The Fund must be taxed as a regular corporation for federal income purposes.
Investments in securities of MLPs involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP, which may permit the general partner to favor its own interests over the MLPs. The benefit you are expected to derive from the Fund's investment in MLPs depends largely on the MLPs being treated as partnerships for federal income tax purposes.
As a partnership, an MLP has no federal income tax liability at the entity level. Therefore, treatment of one or more MLPs as a corporation for federal income tax purposes could affect the Fund's ability to meet its investment objective and would reduce the amount of cash available to pay or distribute to you.
Legislative, judicial, or administrative changes and differing interpretations, possibly on a retroactive basis, could negatively impact the value of an investment in MLPs and therefore the value of your investment in the Fund.
The Fund invests primarily in energy infrastructure companies which may be adversely affected by changes in worldwide energy prices, exploration, production spending, government regulation, changes in exchange rates, depletion of natural resources and risks that arise from extreme weather conditions. This notice is provided to you for informational purposes only, and should not be considered tax advice.
Please consult your tax advisor for further assistance. There are risks involved with investing in ETFs including the loss of money. An investment in the Fund is subject to investment risk including the possible loss of the entire principal amount that you invest.
If, due to tax law changes, an MLP in the portfolio is deemed a corporation rather than a partnership for federal income purposes, then income would be subject to federal taxation at the MLP level. This would reduce the amount of cash available for distribution to the fund which could result in a reduction of the fund's value.
The Fund is taxed as a regular corporation for federal income purposes, which reduces the Net Asset Value of fund shares by the accrual of any deferred tax liabilities. This differs from most investment companies, which elect to be treated as "regulated investment companies" to avoid paying entity level income taxes.
The ETF is taxed as a regular corporation and is subject to U. Click here for terms and indexes used on this page. One cannot invest directly in an index. Investors should consider investment objectives, risks, charges and expenses carefully before investing.