Atlantic Trust Select MLP Index used as underlying index in the Barclays ETN+ Select MLP ETNs (ticker: ATMP)
The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price (“VWAP”) of the Index. The ETNs were listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP. An investment in the ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.
In accordance with the Index methodology as described in the prospectus relating to the ETNs, the Index is rebalanced quarterly. The 29 index constituents will be rebalanced on a capped, float-adjusted, capitalization-weighted basis across four index business days starting on Friday, October 10, 2014. Constituent additions to and deletions from the Index do not reflect an opinion by Barclays Bank PLC on the investment merits of the respective securities.
The target weights for the top Limited Partnership (“LP”) and General Partnership (“GP”) index constituents, effective on October 10, 2014, are reported in the table below. For more information regarding how an Index constituent is classified as a LP or a GP, please see the prospectus relating to the ETNs.
|LIMITED PARTNERSHIPS||GENERAL PARTNERSHIPS|
|EPD||Enterprise Products Partners||8.0%||ENB||Enbridge Inc.||4.0%|
|KMP||Kinder Morgan Energy Partners||8.0%||ETE||Energy Transfer Equity LP||4.0%|
|PAA||Plains All American Pipeline LP||8.0%||KMI||Kinder Morgan Inc.||4.0%|
|MMP||Magellan Midstream Partners||7.8%||OKE||Oneok Inc.||4.0%|
|ETP||Energy Transfer Partners LP||7.1%||SE||Spectra Energy Corp.||4.0%|
|WMB||Williams Cos Inc.||4.0%|
The Atlantic Trust Select MLP Index is designed to provide exposure to a basket of midstream US and Canadian master limited partnerships, limited liability companies and corporations (collectively, the “Index Constituents”) that trade on major US exchanges, are classified in the GICS® Energy Sector or GICS® Gas Utilities Industry according to the Global Industry Classification Standard® (“GICS”) and meet certain eligibility criteria. The Index Constituents are selected for inclusion in the Index using the Atlantic Trust Select Master Limited Partnership
The Index Constituents are selected for inclusion in the Index using the Atlantic Trust Select Master Limited Partnership Strategy (the “Strategy”) developed by AT Investment Advisers, Inc. (formerly, “Stein Roe Investment Counsel Incorporated d/b/a Atlantic Trust Private Wealth Management”) (the “Index Selection Agent”). The Strategy dynamically selects a basket of up to 100 Index Constituents based on their long-term credit rating, the portion of their cash flow driven by mid-stream operations and their size as measured by free-float market capitalization and average daily trading value. The Index Selection Agent provides the Index Constituents selected by the Strategy to Barclays Bank PLC (the “Index Sponsor”),
Atlantic Trust is one of the nation’s leading private wealth management firms, offering integrated wealth management for high-net-worth individuals, families, foundations and endowments. The firm considers clients’ financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management strategies. Experienced professionals deliver a broad range of solutions, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 12 full-service locations throughout the U.S. with $24.0 billion in assets under management (as of December 31, 2013).
CIBC is a leading Canadian-based global financial institution. Through our Retail and Business Banking, Wealth Management and Wholesale Banking businesses, CIBC provides a full range of financial products to individual, small business, commercial, corporate and institutional clients in Canada and around the world.
CIBC Wealth Management provides relationship-based advisory services and an extensive suite of leading investment solutions to meet the needs of personal, institutional and high-net-worth clients through an extensive distribution network that includes CIBC Private Wealth Management, CIBC Wood Gundy and CIBC Investor’s Edge. Our asset management, retail brokerage and private wealth management businesses combine to create an integrated offer, delivered through nearly 1,500 advisors across Canada. In addition, CIBC Asset Management provides global money manager services to institutional and high-net-worth clients and industry-leading retail investment solutions through our two mutual fund families—CIBC and Renaissance—and the CIBC family of managed portfolio solutions.
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