C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index

Frequently Asked Questions About MLPC

What does MLPC invest in?

The investment seeks a return that based on the Performance of the Miller/Howard MLP Fundamental Index (the “index”), which the adviser refer to as the C-Tracks, are unsecured senior debt securities issued by Citigroup Inc. The index is designed to measure the performance of 25 energy master limited partnerships (“MLPs”) selected quarterly by a methodology that is based upon certain quantitative fundamental factors of publicly traded MLPs, including distribution growth, estimated capital expenditures and distribution coverage.

What is the expense ratio of MLPC?

C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index (MLPC) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MLPC?

C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index (MLPC) manages $44.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MLPC actively managed or an index fund?

MLPC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MLPC launched?

C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index (MLPC) launched in September 2013 and is managed by the fund issuer.

How has MLPC performed?

MLPC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.