AMZA
InfraCap MLP ETFAMZA Fund Description
AMZA 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 fund’s active managers, Infrastructure Capital Advisors, intend to hold 25-50 MLPs, and expect cash distributions to comprise a significant portion of the fund’s 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. That’s 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
InfraCap MLP ETF has an MSCI ESG Fund Rating of BB based on a score of 2.89 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. InfraCap MLP ETF ranks in the 7th percentile within its peer group and in the 6th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
AMZA CHARTS AND PERFORMANCE
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
AMZA Top 10 Countries
AMZA Top 10 Sectors
AMZA Top 10 Holdings [View All]
AMZA Summary Data
AMZA Portfolio Data
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 Tradability
AMZA Sector/Industry Breakdown
AMZA
AMZA TOP 10 HOLDINGS[View All]
AMZA Countries
AMZA
AMZA Regions
AMZA
AMZA Economic Development
AMZA
AMZA Performance Statistics
AMZA MSCI ESG Ratings
AMZA BENCHMARK COMPARISON SUMMARY
AMZA
AMZA BENCHMARK COMPARISON MARKET CAP SIZE
AMZA
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use
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.