[SCHEDULE 13G/A] Genesis Energy, L.P. SEC Filing

Rhea-AI Filing Summary

UBS AG London Branch is offering Contingent Income Auto-Callable Securities linked to the common stock of Broadcom Inc. (AVGO). Each security has a $1,000 stated principal amount, a 2-year term (pricing expected 11-Jul-2025; maturity expected 15-Jul-2027) and will not be listed on any exchange. Holders may receive quarterly contingent coupons of $27.525 (11.01% p.a.) provided AVGO’s closing price on a determination date is at or above the 50% downside threshold. Missed coupons are recoverable under a “memory” feature.

The notes are auto-callable: if AVGO closes at or above the 100% call threshold on any quarterly observation (other than final), UBS will redeem early for the principal plus the applicable coupon(s). At maturity, investors receive:

• Principal + coupon(s) if AVGO is ≥ 50% of the initial price.
• Physical delivery of AVGO shares (or cash equivalent) proportional to the decline if AVGO is < 50%, exposing investors to up to 100% loss of principal.

Key indicative economics: estimated initial value $937.50 – $967.50 per $1,000 note; underwriting commission 2%. Payments are subject to UBS credit risk. Risks include loss of principal, lack of market liquidity, potential early redemption, single-stock concentration, and uncertain U.S. tax treatment. Investors do not participate in any upside of AVGO beyond receipt of scheduled coupons.

Insights

Structured Products Analyst

TL;DR: 11% coupon attractive, but 50% barrier and UBS credit risk make notes balanced to risky.

The security targets yield-seeking investors via an 11.01% p.a. contingent coupon with a memory provision, enhancing cash-flow reliability versus typical reverse convertibles. However, the 50% downside barrier—while common—still exposes holders to full equity risk below that level, and the product lacks upside participation. Auto-call at 100% benefits UBS by capping coupon liability; investors face reinvestment risk if AVGO is flat or moderately higher. The estimated initial value (≈94–97% of issue price) reflects a notable 3–6% embedded cost. Liquidity is expected to be thin, and pricing will incorporate dealer spreads. Overall, appeal hinges on one’s view of AVGO stability and UBS credit.

Credit & Risk Analyst

TL;DR: Notes add issuer and single-stock risk; reward is limited to coupons.

Because the notes are senior unsecured obligations of UBS AG, any deterioration in UBS’s credit quality directly affects secondary-market value and repayment. FINMA resolution powers could impose losses independently of AVGO performance. The 50% barrier implies investors absorb first-loss risk on AVGO down to zero; meanwhile UBS retains upside via early call triggers. Tax treatment remains uncertain, potentially complicating after-tax returns. For diversified portfolios, position sizing should reflect both credit risk and AVGO volatility; the deal is impactful mainly for yield-hunters in low-rate environments, but risk-adjusted return is questionable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 13)

Genesis Energy LP

(Name of Issuer)

Common Units Representing Limited Partner Interests

(Title of Class of Securities)

371927104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 371927104

1

Names of Reporting Persons

ALPS Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 23,460,058.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 23,460,058.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,460,058.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

19.16 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 371927104

1

Names of Reporting Persons

Alerian MLP ETF

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 23,302,566.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 23,302,566.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,302,566.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

19.03 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Genesis Energy LP
(b)	Address of issuer's principal executive offices: 811 Louisiana St, Suite 1200, Houston, TX, 77022
Item 2.
(a)	Name of person filing: (1) ALPS Advisors, Inc. (2) Alerian MLP ETF
(b)	Address or principal business office or, if none, residence: (1) ALPS Advisors, Inc.: 1290 Broadway, Suite 1000, Denver, CO, 80203 (2) Alerian MLP ETF: 1290 Broadway, Suite 1000, Denver, CO, 80203
(c)	Citizenship: (1) ALPS Advisors, Inc.: Colorado (2) Alerian MLP ETF: Delaware
(d)	Title of class of securities: Common Units Representing Limited Partner Interests
(e)	CUSIP No.: 371927104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) ALPS Advisors, Inc.: 23460058 (2) Alerian MLP ETF: 23302566
(b)	Percent of class: (1) ALPS Advisors, Inc.: 19.16% (2) Alerian MLP ETF: 19.03%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: (1) ALPS Advisors, Inc.: 23460058 (2) Alerian MLP ETF: 23302566
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: (1) ALPS Advisors, Inc.: 23460058 (2) Alerian MLP ETF: 23302566
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. ALPS Advisors, Inc. ("AAI"), an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to investment companies registered under the Investment Company Act of 1940 (collectively referred to as the "Funds"). In its role as investment advisor, AAI has voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. AAI disclaims beneficial ownership of such securities. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934. Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940 and is one of the Funds to which AAI provides investment advice.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ALPS Advisors, Inc.

Signature:	/s/ Matthew Sutula
Name/Title:	Matthew Sutula, Chief Compliance Officer
Date:	07/01/2025

Alerian MLP ETF

Signature:	/s/ Matthew Sutula
Name/Title:	Matthew Sutula, Chief Compliance Officer
Date:	07/01/2025

Comments accompanying signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.