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 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.
AMZA Charts And Performance
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AMZA Summary Data
AMZA Portfolio Data
AMZA Index 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 2 out of 5.
AMZA Tradability
AMZA Sector/Industry Breakdown
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AMZA Top 10 Holdings[View All]
AMZA Countries
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AMZA Regions
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AMZA Economic Development
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AMZA Performance Statistics
AMZA Benchmark Comparison Summary
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AMZA Benchmark Comparison Market Cap Size
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