ETF Evaluator:
UBS ETRACS Alerian MLPInfrs ETN SerB ()
Follow This ETF
(as of Aug 26)
Best Performing in Energy Limited Partnership Over the Last Year
| 31.2% | Invesco SteelPath MLP & Enrgy Infras ETF (PIPE) |
| 30.1% | VanEck Energy Income ETF (EINC) |
| 29.1% | Barclays ETN+ Select MLP (ATMP) |
| 28.7% | Alerian Energy Infrastructure ETF (ENFR) |
| 28.0% | USCF Midstream Energy Income ETF (UMI) |
Risk
Index
Risk
Index
ETF Details
UBS ETRACS Alerian MLPInfrs ETN SerB Overview
UBS ETRACS Alerian MLPInfrs ETN SerB (MLPB) 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 Infrastructure Index.
The ETRACS Alerian MLP Infrastructure Index ETN Series B is senior unsecured debt securities issued by UBS. The index constituents earn the majority of their cash flow from gathering and processing, liquefaction, midstream services, pipeline transportation, rail terminaling and storage of energy commodities.
About UBS ETRACS Alerian MLPInfrs ETN SerB (MLPB)
There are 1 members of the management team with an average tenure of 10.82 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 Infrastructure PR USD index with a weighting of 100%. UBS ETRACS Alerian MLPInfrs ETN SerB 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 MLPInfrs ETN SerB is part of the Equity global asset class and is within the Sector Equity ETF group. UBS ETRACS Alerian MLPInfrs ETN SerB 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 MLPInfrs ETN SerB has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $232 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.
MLPB 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 MLPInfrs ETN SerB expense ratio is high compared to funds in the Energy Limited Partnership category. UBS ETRACS Alerian MLPInfrs ETN SerB has an expense ratio of 0.85%, which is 11% higher than its category average, making the fund expense ratio grade a D. 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 MLPInfrs ETN SerB 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 July 2026, UBS ETRACS Alerian MLPInfrs ETN SerB returned 7.8%, which earned it a grade of A, as the Energy Limited Partnership category had an average return of 4.4%. 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 MLPInfrs ETN SerB has a trailing yield of 5.69%, which is above the 5.06% 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 MLPInfrs ETN SerB Grades
Year to date, the ETF has returned 26.7%, 1.7 percentage points better than the category, which translates into a grade of C. The fund has returned 23.7% over the past year (grade of C), 21.6% over the past three years (grade of D) and 22.2% per year over the past five years (grade of C) and 8.5% per year over the past 10 years (grade of D).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about UBS ETRACS Alerian MLPInfrs ETN SerB, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
MLPB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MLPB Return (NAV) | 7.8% | 4.9% | 23.7% | 21.6% | 22.2% | 8.5% |
| MLPB Return (Price) | 7.7% | 4.8% | 23.6% | 21.6% | 22.1% | 8.8% |
| NAV +/- Price Return | 0.127% | 0.103% | 0.061% | 0.017% | 0.090% | -0.373% |
| Energy Limited Partnership Avg | 4.4% | 2.2% | 24.7% | 23.2% | 21.3% | 9.5% |
| MLPB Grade (NAV) | A | A | C | D | C | D |
| +/- Category (NAV) | 3.4% | 2.7% | -1.0% | -1.6% | 0.9% | -1.0% |
| MLPB Tax-Cost Ratio | na | na | 2.6% | 2.6% | 2.6% | 2.9% |
MLPB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MLPB Return (NAV) | 26.7% | 7.4% | 25.1% | 22.2% | 32.5% | 36.3% | -30.5% | 5.5% | -12.4% | -9.5% | 17.4% |
| MLPB Return (Price) | 26.6% | 7.4% | 25.5% | 22.0% | 30.2% | 39.3% | -30.9% | 5.7% | -8.9% | -11.3% | 33.0% |
| NAV +/- Price Ret | -0.003% | 0.000% | 0.017% | -0.011% | -0.071% | 0.084% | 0.010% | 2.9% | -28.4% | 18.9% | 89.5% |
| Energy Limited Partnership Avg | 25.0% | 6.0% | 34.2% | 17.3% | 23.5% | 38.2% | -26.5% | 13.9% | -14.9% | -4.6% | 27.4% |
| MLPB Grade (NAV) | C | B | D | B | A | F | D | F | B | F | F |
| +/- Category | 1.7% | 1.3% | -9.2% | 4.9% | 9.0% | -1.9% | -4.0% | -8.4% | 2.5% | -4.9% | -10.0% |
| Risk Measures | |
| Beta: | 0.30 |
| R-Squared: | 6% |
| Standard Deviation: | 15.8% |
| Category Risk Index: | 1.07 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.29 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 5.7% |
| Total Assets: | $ 233 Mil |
| Share Class Assets: | $ 233 Mil |
| Turnover: | na |
| Expense Ratio: | 0.85% |
| Index Fund: | Yes |
| Index Tracked: | Alerian MLP Infrastructure PR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 10.8 years | |||
| Managers (Year): Manager No (2015) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | UBS |
| Phone Number: | 877-387-2275 |
| Website: | www.ubs.com/investor-relations |
| Inception Date: | October 9, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.76% |
