According to the UBS website, “the ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index is designed to track a leveraged investment in the Alerian MLP Infrastructure Index (the “Index”), and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying MLP constituents, less financing costs and investor fees. The ETRACS 2xMonthly Leveraged S&P MLP Index ETN (NYSE: MLPV) (“MLPV” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of S&P MLP Index, less investor fees. MLPV has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance) and pays a variable quarterly coupon linked to the cash distributions, if any, on the Index constituents.”
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