ETRACS Alerian Midstream Energy Total Return Index ETN
AMTR
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- CIK
- 0001114446
- Similar Companies
- Business
- ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) is an exchange-traded note issued by UBS AG that provides investors with exposure to the performance of the Alerian Midstream Energy Adjusted Net Total Return Index (AMNTR), less an annual tracking fee of 0.75% accrued daily; the ETN does not make coupon payments and matures on October 20, 2050. The underlying AMNTR index is the adjusted net total return version of the Alerian Midstream Energy Index (AMNA), a capped, float-adjusted, capitalization-weighted composite of North American energy infrastructure companies that derive the majority of their cash flows from midstream activities, including gathering and processing, liquefaction, pipeline transportation, rail terminaling, and storage of energy commodities such as oil and natural gas; as of the initial trade date in October 2020, Canadian constituents comprised approximately 31% of the index weight. Top holdings include Enterprise Products Partners LP (EPD), Enbridge Inc., Williams Cos Inc., Kinder Morgan Inc., and Energy Transfer LP, among others involved in midstream operations across the United States and Canada. Launched on October 20, 2020, and listed on NYSE Arca under the ticker AMTR (CUSIP 90269A245), the ETN targets institutional and retail investors seeking diversified, tax-efficient access to the midstream energy sector without direct ownership of underlying securities. The product operates within the broader energy infrastructure industry, focusing on stable cash flow-generating midstream assets rather than upstream production or downstream refining, with geographic exposure primarily to the United States and Canada. In a significant recent development, UBS AG announced on November 20, 2024, the full redemption of all outstanding AMTR ETNs, with the last trading day on December 11, 2024, and call settlement payments of $76.6566 per security distributed on December 12, 2024, effectively terminating the ETN ahead of its 2050 maturity date. This action aligns with UBS's broader portfolio management strategy, as the issuer simultaneously redeemed six other ETRACS ETNs linked to similar midstream and commodity indices. Headquartered in Zurich, Switzerland, UBS AG, the parent issuer, provides the ETN as part of its ETRACS suite of senior, unsecured debt obligations traded on U.S. exchanges.