AMLP

Alerian MLP ETF
*Unless otherwise stated, data provided by FactSet.

AMLP Fund Description

AMLP tracks a market-cap-weighted index of 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 0.79 due to its 21% 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

Alerian MLP ETF has an MSCI ESG Fund Rating of B based on a score of 1.65 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. Alerian MLP ETF ranks in the 1st percentile within its peer group and in the 4th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

AMLP MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

AMLP Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AMLP -8.82% -12.86% -4.25% -15.14% -7.35% -8.59% --
AMLP (NAV) -8.93% -12.53% -3.47% -11.56% -6.95% -8.49% --
Alerian MLP Infrastructure -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AMLP Summary Data

SS&C
Alerian
08/25/10
C-Corporation
0.85%
$7.30B
$170.25M
0.12%

AMLP Portfolio Data

$17.39B
12.57
1.79
9.99%
11/13/19
22

AMLP Index Data

Market Cap
Distributions
N/A

AMLP Portfolio Management

0.85%
--
--
--

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

AMLP Factset Analytics Block Liquidity

As of 12/05/19
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

20,413,921
$170.25M
18,106,298
$156.96M
0.12%
$0.01
0.00%
0.64% / -0.52%
None
100.00%
50,000
362.13
0.13%
0.08%
291,314
$7.76
5

AMLP Sector/Industry Breakdown


AMLP
Segment Benchmark
88.30%
--
11.70%
--

AMLP Top 10 Holdings[View All]

10.65%
10.30%
9.94%
9.93%
9.25%
6.12%
5.36%
4.86%
4.75%
4.15%
75.31%

AMLP Countries


AMLP
Segment Benchmark
100.00%
--

AMLP Regions


AMLP
Segment Benchmark
100.00%
--

AMLP Economic Development


AMLP
Segment Benchmark
100.00%
--

AMLP Performance Statistics

--
--
--
--
0.00%
N/A

AMLP MSCI ESG Ratings

1.65 / 10
4.00
1.35
--
--
450.89

AMLP Benchmark Comparison Holdings

22
--
--
0.00%

AMLP Benchmark Comparison Summary


AMLP
Segment Benchmark
22
--
$17.39B
--
12.57
--
1.79
--
9.18%
--
High
High

AMLP Benchmark Comparison Market Cap Size


AMLP
Segment Benchmark
51.70%
--
39.20%
--
9.10%
--
0.00%
--