AMUB

Structured as a senior unsecured debt obligation of the issuer, UBS, this ETN provides exposure to the Alerian MLP Index. That index itself is a composite benchmark measuring the market performance of publicly traded energy master limited partnerships. It is maintained by S&P Dow Jones Indices and is calculated using a methodology that weights its components by their float-adjusted market capitalization. Investors in the note are exposed to the credit risk of UBS, and the return is based on the index performance minus applicable fees.

The fund provides a way for investors to seek returns correlated with a basket of MLPs, which are primarily engaged in the transportation, storage, and processing of energy commodities like oil and natural gas. The note trades on an exchange like a stock, but it does not hold the underlying MLP assets directly. Instead, it represents a promise by the issuer to pay the index return at maturity or upon early redemption, subject to the terms of the note.