PYPE ETF — Holdings & Analysis

The securities are senior unsecured medium-term notes issued by UBS with a return linked to the performance of the index. 0.85% expense ratio, $4M AUM, inception 2018.

UBS ETRACS NYSE Pickens Core Midstream Index ETN (PYPE) ETF — Price, Holdings & Analysis

The securities are senior unsecured medium-term notes issued by UBS with a return linked to the performance of the index. 0.85% expense ratio, $4M AUM, inception 2018.

ETF Overview

The securities are senior unsecured medium-term notes issued by UBS with a return linked to the performance of the index. The securities may pay a quarterly coupon during their term. The index measures the performance of the common stock of corporations and units of master limited partnerships (“MLPs”) which represent U.S. midstream energy fundamentals, agnostic of entity structure.

The securities are senior unsecured medium-term notes issued by UBS with a return linked to the performance of the index. The securities may pay a quarterly coupon during their term. The index measures the performance of the common stock of corporations and units of master limited partnerships (“MLPs”) which represent U.S. UBS ETRACS NYSE Pickens Core Midstream Index ETN provides exposure to the equity market.

Risk Metrics

UBS ETRACS NYSE Pickens Core Midstream Index ETN holds only 0 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. The 0.85% expense ratio is above average and will reduce net returns over time. With $4M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

0.85%

Dividend Yield

6.62%

State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio

UBS AG FI Enhanced Large Cap Growth ETN (FBGX) (Equity) — 0.85% expense ratio
UBS ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN (HDLV) (Equity) — 0.85% expense ratio
UBS ETRACS CMCI Agriculture Total Return ETN (UAG) (Equity) — 0.65% expense ratio
UBS ETRACS CMCI Total Return ETN (UCI) (Equity) — 0.55% expense ratio
UBS AG, London Branch (ESUS) (Equity) — 0.95% expense ratio

Risk Metrics

Beta: 0.89

Questions & Answers

What is UBS ETRACS NYSE Pickens Core Midstream Index ETN (PYPE)?

What is the expense ratio for PYPE?

UBS ETRACS NYSE Pickens Core Midstream Index ETN has an expense ratio of 0.85%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $85. Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has PYPE been around?

UBS ETRACS NYSE Pickens Core Midstream Index ETN was launched in 2018, making it 8 years old. It has several years of operating history for investors to evaluate. It is managed by UBS.

Does PYPE pay dividends?

Yes, UBS ETRACS NYSE Pickens Core Midstream Index ETN currently offers a dividend yield of approximately 6.62%. This is a high-yield ETF relative to the broader market. Dividend distributions are typically paid quarterly, though the amount can vary.

What is the current NAV of PYPE?

UBS ETRACS NYSE Pickens Core Midstream Index ETN has a net asset value (NAV) of approximately $21.35 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.