AMZAInfraCap MLP ETF
AMZA Fund Description
The InfraCap MLP ETF is a complex, actively managed fund that invests in midstream MLPs that collect, process, store, or transport energy products. Structured as a C-corporation, the ETF pays taxes at the fund level.
AMZA Factset Analytics Insight
AMZA stands out in the MLP space for its active management and monthly distribution frequency. Most other MLP ETFs track indices and pay quarterly distributions. The funds active managers, Infrastructure Capital Advisors, intend to hold 25-50 MLPs, and expect cash distributions to comprise a significant portion of the funds total return. In addition, the fund employs leverage, shorting, and options strategies in an effort to enhance income and manage risk. Note that some other index-based peers take plenty of "active" risk, with huge stakes in smaller MLPs, for example. If the fund does well, its headline fee will likely increase as deferred tax expenses rise. Thats because AMZA is structured as a C-corporation and pays corporate taxes on gains, with the upside that its distributions are generally tax-deferred.
AMZA 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 June 18, 2018 the InfraCap MLP ETF MSCI ESG Fund Quality Score is 3.26 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. AMZA ranks in the 9th percentile within its peer group and in the 2nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
AMZA CHARTS AND PERFORMANCE
AMZA Top 10 Countries
AMZA Top 10 Sectors
AMZA Top 10 Holdings [View All]
AMZA Portfolio Management
AMZA Tax Exposures
AMZA Fund Structure
AMZA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AMZA. AMZA is rated a 4 out of 5.
AMZA Sector/Industry Breakdown
AMZA TOP 10 HOLDINGS[View All]
AMZA Economic Development
AMZA Performance Statistics
AMZA MSCI ESG Ratings
AMZA BENCHMARK COMPARISON SUMMARY
AMZA BENCHMARK COMPARISON MARKET CAP SIZE