AMLP

Alerian MLP ETF
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

AMLP Fund Description

The Alerian MLP ETF tracks a market-cap-weighted index of 25 energy infrastructure master limited partnerships. The fund is structured as a C-corporation.

AMLP Factset Analytics Insight

AMLP is hugely popular, but like all MLP ETPs, it comes with caveats. Because traditional ETFs can only hold 25% of their portfolios in MLPs, AMLP is instead structured as a C-corporation to allow full allocation to MLPs. However, this structure introduces a layer of taxation that prevents it from passing through the full return of its underlying index. Therefore, AMLP provides diluted exposure to its MLPs, shown by a beta to its index that’s typically close to 0.65 due to its 35% corporate tax rate. The benefit of this structure: Most distributions are tax-deferred, similar to the underlying MLPs and in contrast to ETNs. The fund's huge headline fee is a symptom of this structure, as the issuer must report recent deferred tax expenses as part of the fee.
AMLP focuses on energy infrastructure, but its holdings still align well with our broad MLP benchmark. It typically leads all MLP ETPs in AUM and trading volume. If tax-deferred income and liquidity are paramount, and you’re willing to live with the tax haircut dictated by the legal structure, AMLP is tough to beat.

AMLP MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 12, 2017 the Alerian MLP ETF MSCI ESG Fund Quality Score is 2.88 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. AMLP ranks in the 5th percentile within its peer group and in the 0th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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AMLP Top 10 Countries

AMLP Top 10 Sectors

AMLP Top 10 Holdings View All

AMLP Summary Data

ALPS
Alerian
08/25/10
C-Corporation
1.42%
$9.72B
$164.55M
0.09%

AMLP Portfolio Data

$16.58B
18.68
1.67
8.02%
11/09/17
25

AMLP Index Data

Market Cap
Distributions
Alerian MLP Index

Related ETFs to AMLP

MLPI, MLPB, AMJ, AMU, AMUB
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

AMLP Portfolio Management

1.42%
-1.20%
0.74%
-9.60%

AMLP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

AMLP Fund Structure

C-Corporation
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5510.80100
15:59:5510.80100
15:59:5310.80100
15:59:5310.80100
15:59:5010.801,875
15:59:4610.801,821
15:59:4610.802,000
15:59:4610.8079
15:59:3710.80300
15:59:3510.801,221
Bats BZX Real-time Quote - 17:29:46
Daily Spread
Premium/Discount
Volume

AMLP Factset Analytics Block Liquidity

As of 12/13/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of AMLP. AMLP is rated a 5 out of 5.

AMLP Tradability

15,685,611
$164.55M
16,154,608
$168.18M
0.09%
$0.01
-0.02%
0.40% / -0.48%
None
100.00%
50,000
323.09
0.09%
0.08%
51,192
$10.72
5

AMLP Geographic Exposure

AMLPSegment Benchmark
100.00% 100.00%

AMLPSegment Benchmark
100.00% 100.00%
0.00% / 0.00% 0.00% / 0.00%

AMLP Performance Statistics

0.95
0.87
0.92
0.89
0.23%
Alerian MLP Index

AMLP MSCI ESG Ratings

2.88 / 10
5.42
0.46
--
--
575.09

AMLP BENCHMARK COMPARISON

    AMLP
    25 Holdings
    Segment Benchmark
    39 Constituents
    Shared Holdings
    25 (Count)
     
    87.77% (Weight)
AMLPSegment Benchmark
51.51% 56.44%
39.05% 39.76%
9.44% 3.80%
0.00% 0.00%
7.87% 7.69%
-- High