ETF Evaluator: UBS ETRACS Alerian MLP ETN Series B (AMUB) Follow This ETF

UBS ETRACS Alerian MLP ETN Series B Overview

UBS ETRACS Alerian MLP ETN Series B (AMUB) is a passively managed Sector Equity Energy Limited Partnership exchange-traded fund (ETF). UBS launched the ETF in 2015.

The investment seeks to provide exposure to potential price appreciation in the Alerian MLP Index (the “index”). The ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (the “Securities”) is senior unsecured debt securities issued by UBS. The index measures the composite performance of energy master limited partnerships (“MLPs”), and is calculated by S&P Dow Jones Indices using a float-adjusted, capitalization-weighted methodology.

About UBS ETRACS Alerian MLP ETN Series B (AMUB)

There are 1 members of the management team with an average tenure of 10.73 years: No Manager (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Alerian MLP PR USD index with a weighting of 100%. UBS ETRACS Alerian MLP ETN Series B has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

UBS ETRACS Alerian MLP ETN Series B is part of the Equity global asset class and is within the Sector Equity ETF group. UBS ETRACS Alerian MLP ETN Series B has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). UBS ETRACS Alerian MLP ETN Series B has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $36 million in total assets, which is below the $1 billion average for the Energy Limited Partnership category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AMUB Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The UBS ETRACS Alerian MLP ETN Series B expense ratio is high compared to funds in the Energy Limited Partnership category. UBS ETRACS Alerian MLP ETN Series B has an expense ratio of 0.80%, which is 5% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. UBS ETRACS Alerian MLP ETN Series B has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 21% for the Energy Limited Partnership category.

Recently, in the month of June 2026, UBS ETRACS Alerian MLP ETN Series B returned -0.1%, which earned it a grade of F, as the Energy Limited Partnership category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

UBS ETRACS Alerian MLP ETN Series B has a trailing yield of 4.41%, which is below the 5.28% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

UBS ETRACS Alerian MLP ETN Series B Grades

Year to date, the ETF has returned 17.9%, 1.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.3% over the past year (grade of D), 21.3% over the past three years (grade of C) and 19.0% per year over the past five years (grade of C) and 8.1% per year over the past 10 years (grade of D).

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