Frequently Asked Questions About MLPZ

What does MLPZ invest in?

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the S&P MLP Index (the âindexâ). The index is designed to measure leading Master Limited Partnerships (âMLPsâ) and limited liability companies (âLLCsâ) that trade on major U.S. exchanges. As the vast majority of traded partnerships have operations in the oil and gas industries, the index focuses on companies in the Global Industry Classification StandardÂ (âGICSâ) Energy Sector and the GICS Gas Utilities Industry.

What is the expense ratio of MLPZ?

UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is MLPZ a good long-term hold?

MLPZ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does MLPZ's daily reset work?

MLPZ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is MLPZ?

UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ) manages $12.7M 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 MLPZ actively managed or an index fund?

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

MLPZ (UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

MLPZ

UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B

AMEX·Asset Management, Leveraged · Financial Services

$3.95$0.01−0.13%

Market closed·Mar 23 7:13 PM UTC

Price Chart

$3.95−$0.01 (−0.13%)today

+0.00%

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FromTo

Feb 8, 2016Aug 27, 2021 → Aug 26, 2026· 5.0 yrsAug 26, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio0.95%

Cost per 10k Invested$95.00

AUM$12.74M

Avg Daily Volume4.64K

Price$3.95

NAV$3.99

Premium / Discount−1.13%

52-Week Range$1.92 – $22.63

Beta2.00

Fund Overview

Cost Verdict

Is MLPZ's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: UBS
Asset Class: Equity
Strategy: Leveraged
Inception: February 8, 2016
Fund Type: ETF
Domicile
Currency: USD
ISIN
CUSIP

Peers

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Cap

$12.7M

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Cap

$13.1M

Latest News

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Frequently Asked Questions About MLPZ

What does MLPZ invest in?: The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the S&P MLP Index (the âindexâ). The index is designed to measure leading Master Limited Partnerships (âMLPsâ) and limited liability companies (âLLCsâ) that trade on major U.S. exchanges. As the vast majority of traded partnerships have operations in the oil and gas industries, the index focuses on companies in the Global Industry Classification StandardÂ (âGICSâ) Energy Sector and the GICS Gas Utilities Industry.
What is the expense ratio of MLPZ?: UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
Is MLPZ a good long-term hold?: MLPZ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does MLPZ's daily reset work?: MLPZ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is MLPZ?: UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ) manages $12.7M 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 MLPZ actively managed or an index fund?: MLPZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.