ETRACS Alerian Midstream Energy High Dividend Index ETN
AMND
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jul 23, 2020
- CIK
- 0001114446
- Similar Companies
- Business
- ETRACS Alerian Midstream Energy High Dividend Index ETN (AMND) is an exchange-traded note issued by UBS AG that provides exposure to the total return performance of the Alerian Midstream Energy Dividend Index, less an annual tracking fee of 0.75%, and may pay variable quarterly coupons linked to the cash distributions of the underlying index's North American midstream energy constituents that pay regular dividends; the ETN does not guarantee coupon payments if index constituents make no distributions. Traded on NYSE Arca under ticker AMND with CUSIP 90269A252, it was launched on July 15, 2020, and matures on July 19, 2050, targeting investors seeking high-dividend yield strategies in the energy infrastructure sector, including pipeline transportation, storage, and processing companies domiciled primarily in the U.S. and Canada, where Canadian constituents comprised approximately 24% of the index as of inception. The underlying index, calculated by S&P Dow Jones Indices using a modified market capitalization-weighted methodology, focuses on liquid, dividend-paying midstream energy firms listed on major U.S. or Canadian exchanges, with top holdings including Enbridge Inc., TC Energy Corp., MPLX LP, Enterprise Products Partners LP, and Energy Transfer LP. The ETN operates within the broader energy midstream segment, serving institutional and retail investors interested in income generation from fundamentally weighted exposure to pipelines, natural gas processors, and related infrastructure, without direct ownership of the underlying securities or issuance of K-1 forms. Geographically, it emphasizes North American operations, with significant weighting in U.S.-listed master limited partnerships (MLPs) and corporations alongside Canadian energy firms. As a senior, unsecured debt obligation of UBS AG, headquartered in Zurich, Switzerland, AMND is part of the ETRACS suite of exchange-traded notes offering access to specialized market strategies. Recent developments for AMND include ongoing quarterly coupon declarations by UBS, such as the October 2023 payment of $0.6697 per share yielding approximately 7.00% annualized on the coupon valuation date, with similar distributions announced through 2024 and into 2025 reflecting sustained dividend payouts from index constituents amid strong midstream sector performance. In May 2024, UBS assumed three outstanding Credit Suisse ETNs and rebranded them as ETRACS products, expanding its ETN portfolio, though AMND itself remained unchanged; additionally, UBS has managed routine ETN lifecycle events like mandatory redemptions and exchange offers for other series in 2024-2025, suspending further sales on select underperforming notes while continuing active trading and coupon payments for AMND. No major acquisitions, new product launches, or strategic shifts specific to AMND were reported in the last 1-2 years, with focus remaining on tracking the index amid resilient midstream dividends, as 96.4% of Alerian Midstream Energy Index constituents grew payouts year-over-year in Q3 2025.