AMLP

Alerian MLP ETF
N/A

N/A
*Unless otherwise stated, data provided by FactSet.

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 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

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AMLP -2.34% 8.34% 6.46% 3.90% -0.03% -1.44% --
AMLP (NAV) -2.52% 8.35% 5.94% 3.73% -0.20% -1.49% --
Alerian MLP Infrastructure -3.19% 8.99% 6.94% 4.97% 0.67% -1.53% --
Alerian MLP -3.14% 8.22% 7.23% 6.36% 1.24% -1.71% 9.59%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

AMLP Top 10 Countries

AMLP Top 10 Sectors

AMLP Top 10 Holdings [View All]

AMLP Summary Data

ALPS
Alerian
08/25/10
C-Corporation
0.85%
$10.00B
$153.09M
0.09%

AMLP Portfolio Data

$21.12B
26.49
2.00
7.62%
11/08/18
26

AMLP Index Data

Market Cap
Distributions
Alerian MLP

AMLP Portfolio Management

0.85%
0.04%
3.39%
-2.51%

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
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

AMLP Factset Analytics Block Liquidity

As of 09/18/18
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

14,035,468
$153.09M
12,144,464
$132.33M
0.09%
$0.01
-0.04%
0.92% / -0.86%
None
100.00%
50,000
242.89
0.09%
0.08%
274,961
$10.82
5

AMLP Sector/Industry Breakdown


AMLP
Segment Benchmark
68.94%
64.13%
17.47%
20.51%

AMLP TOP 10 HOLDINGS[View All]

10.10%
9.95%
9.78%
9.59%
9.47%
4.96%
4.57%
4.18%
3.86%
3.36%
69.82%

AMLP Countries


AMLP
Segment Benchmark
100.00%
100.00%

AMLP Regions


AMLP
Segment Benchmark
100.00%
100.00%

AMLP Economic Development


AMLP
Segment Benchmark
100.00%
100.00%

AMLP Performance Statistics

0.99
1.02
1.05
1.02
0.13%
Alerian MLP

AMLP MSCI ESG Ratings

2.85 / 10
3.17
0.59
--
0.03%
487.89

AMLP BENCHMARK COMPARISON HOLDINGS

26
42
26
88.02%

AMLP BENCHMARK COMPARISON SUMMARY


AMLP
Segment Benchmark
26
42
$21.12B
$19.59B
26.49
25.16
2.00
2.01
7.43%
7.51%
High
--

AMLP BENCHMARK COMPARISON MARKET CAP SIZE


AMLP
Segment Benchmark
59.43%
54.46%
36.80%
35.37%
3.77%
10.17%
0.00%
0.00%