AMLP
Alerian MLP ETFAMLP 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 September 17, 2018 the Alerian MLP ETF MSCI ESG Fund Quality Score is 2.85 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 3th percentile within its peer group and in the 1st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
AMLP CHARTS AND PERFORMANCE
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AMLP Top 10 Countries
AMLP Top 10 Sectors
AMLP Top 10 Holdings [View All]
AMLP Portfolio Data
AMLP Portfolio Management
AMLP Tax Exposures
AMLP Fund Structure
AMLP Factset Analytics Block Liquidity
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
AMLP Sector/Industry Breakdown
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AMLP TOP 10 HOLDINGS[View All]
AMLP Countries
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AMLP Regions
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AMLP Economic Development
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AMLP Performance Statistics
AMLP MSCI ESG Ratings
AMLP BENCHMARK COMPARISON SUMMARY
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AMLP BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.