The Alerian MLP ETF
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the "Index").
- The Fund employs a "passive management" - or indexing - investment approach designed to track the performance of the Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class.
- MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation.
1 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
2 The Premium / Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).
Alerian MLP ETF Shares are not individually redeemable. Investors buy and sell shares of the Alerian MLP ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Alerian MLP ETF, typically in blocks of 50,000 shares.
Correlation - A statistical measure of how two securities move in relation to each other.
The Fund is taxed as a regular corporation for federal income tax purposes. This differs from most investment companies, which elect to be treated as “regulated investment companies” under the Code in order to avoid paying entity level income taxes.
There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available in the risks section.
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. Click the link to obtain a prospectus php //echo getOneDoc(107, 1,'prospectus,'); ?> which contain this and other information, or call 877.398.8461. Read the prospectus php //echo getOneDoc(107, 1,'prospectus'); ?> carefully before investing.
The Fund invests primarily in energy infrastructure companies which may be adversely affected by changes in worldwide energy prices, exploration, production spending, government regulation, changes in exchange rates and depletion of natural resources.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Alerian MLP ETF.
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