Fund Description
The ETRACS NYSE Pickens Core Midstream Index ETN (NYSE: PYPE) is an exchange-traded note linked to the performance of the NYSE Pickens Core Midstream Index, less investor fees. PYPE has been approve for listing on the NYSE Arca exchange (subject to official notice of issuance). The NYSE Pickens Core Midstream Index measures the performance of the common stock of corporations and units of MLPs which are intended to represent U.S. midstream energy fundamentals, agnostic of entity structure. The Index is calculated by the Index Sponsor using a modified free-float market capitalization weighted methodology. The Index constituents are intended to reflect pure (core) midstream energy exposure, with the aim of getting as close as possible, using publicly traded instruments, to the underlying assets and operating results of the core midstream sector, and limiting the potential effect of financial engineering via General Partners and Incentive Distribution Rights.
Fund Profile
Fund Name ETRACS Linked to the NYSE Pickens Core Midstream Index
Fund Exchange Ticker PYPE
Fund Sponsor UBS
Fund ISIN US90274E2578
Net Expense Ratio 0.85 %
Fund Inception Date 20 August 2018
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name NYSE Pickens Core Midstream Index
Index Provider NYSE
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 5 August 2022
Asset Under Management 20.17 Million (USD)
1 Month Total Return 6.06 %
Year To Date Return 14.20 %
1 Year Total Return 18.76 %
3 Year Annualized Total Return 7.52 %
NAV 20.17
Share Outstanding 1,000,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting