MLPR – ETRACS Qrtly Py 1.5X Lvgd Aln MLP ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Alerian MLP Index (the “index”), reduced by the Accrued Fees. The index measures the composite performance of energy MLPs, and is calculated by S&P using a capped, float-adjusted, capitalization-weighted methodology. The index Constituent Securities earn the majority of their cash flow from qualifying midstream activities involving energy commodities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MLPR	ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN	ETF	Open	—	—	Jun 2, 2020	$10.67M	—	—	—	−$3.96M

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