AMLP

Alerian MLP ETF
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*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 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 06/13/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
AMLP -1.72% 0.49% 16.09% -1.32% -0.88% -4.75% --
AMLP (NAV) 0.10% 1.22% 16.78% 1.42% -0.32% -4.63% --
Alerian MLP Infrastructure 0.18% 1.45% 17.26% 2.37% 0.64% -5.79% --
Alerian MLP 0.13% 1.13% 16.40% 0.21% 0.68% -6.50% 7.84%
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%
$8.56B
$123.01M
0.10%

AMLP Portfolio Data

$19.19B
18.24
2.02
8.09%
08/07/19
25

AMLP Index Data

Market Cap
Distributions
Alerian MLP

AMLP Top 10 Countries

AMLP Top 10 Sectors

AMLP Top 10 Holdings [View All]

AMLP Portfolio Management

0.85%
-0.92%
0.46%
-2.51%

AMLP Tax Exposures

20.00% / 39.60%
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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 -
Daily Spread
Premium/Discount
Volume

AMLP Factset Analytics Block Liquidity

As of 06/14/19
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

12,451,575
$123.01M
11,830,511
$115.48M
0.10%
$0.01
-0.02%
1.79% / -0.86%
None
100.00%
50,000
236.61
0.10%
0.11%
121,063
$9.82
5

AMLP Sector/Industry Breakdown


AMLP
Segment Benchmark
83.46%
81.96%
6.84%
6.40%

AMLP TOP 10 HOLDINGS[View All]

10.37%
10.23%
10.05%
9.50%
9.33%
6.53%
6.22%
3.90%
3.51%
3.34%
72.98%

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
1.00
1.02
1.03
0.11%
Alerian MLP

AMLP BENCHMARK COMPARISON HOLDINGS

25
35
23
96.08%

AMLP BENCHMARK COMPARISON SUMMARY


AMLP
Segment Benchmark
25
35
$19.19B
$18.94B
18.24
17.79
2.02
2.06
7.85%
7.98%
High
High

AMLP BENCHMARK COMPARISON MARKET CAP SIZE


AMLP
Segment Benchmark
58.15%
57.26%
33.00%
30.75%
8.85%
11.00%
0.00%
0.99%