Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded note issued by Barclays Bank PLC that provides exposure to the performance of the CIBC Atlas Select MLP Index, which tracks a tiered, volume-weighted average price (VWAP) level of select master limited partnerships (MLPs) primarily in the U.S. energy and gas utilities sectors; the index undergoes quarterly rebalancing and focuses on midstream energy infrastructure companies with multi-cap blend characteristics, including holdings concentrated in the top 10 at approximately 60% of assets. The ETN seeks to replicate the index's returns before fees and expenses, with a management expense ratio of 0.95%, no principal protection, and payments linked to the VWAP level rather than closing levels or intraday indicative values; it trades on the Cboe BZX Exchange and targets investors seeking MLP sector exposure without K-1 tax forms. Barclays Bank PLC, founded in 1690 and headquartered in London, United Kingdom, operates globally across retail banking, corporate and investment banking, and structured products like ETNs, with ATMP launched on March 13, 2013.
Recent major changes include a proposed amendment announced on February 27, 2025, to extend the index rebalancing period from four to eight business days per quarter, potentially effective April 11, 2025, following a public consultation by Barclays as index sponsor; this aims to enhance operational efficiency amid market conditions. In May 2024, Barclays amended the coupon ex-date definition for ATMP to align with SEC Rule 15c6-1(a) shortening the settlement cycle from T+2 to T+1, effective May 28, 2024, impacting subsequent coupon record dates like May 29, 2024. No recent partnerships, acquisitions, funding rounds, or product launches specific to ATMP were reported in the last 1-2 years, though Barclays continues strategic updates in its investment banking arm overseeing such ETNs.