BMLP

Dorsey Wright MLP Index ETN
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*Unless otherwise stated, data provided by FactSet.

BMLP Fund Description

BMLP tracks an equal-weighted Dorsey Wright index of 15 US-listed MLPs that exhibit high relative strength.

BMLP Factset Analytics Insight

BMLP tracks a small basket of US MLPs with high relative strength—a measure of momentum used by index provider Dorsey Wright & Associates. The index’s equal-weighting will tend to produce a bias toward smaller firms. The basket is reconstituted and rebalanced monthly, which—combined with the ephemeral nature of momentum—translates to very high turnover at times. However, cap gains from such turnover are not an issue in an ETN wrapper. While MLPs are a popular source of tax-deferred income, BMLP’s ETN structure means that its quarterly income distributions are taxed as ordinary income as they’re received. This makes the note more suitable for investors in a tax-advantaged account, or those with short time horizons. In addition, BMLP’s focus on momentum suggests it’s targeted at investors who value total return over income. The note is reasonably priced in context.

BMLP 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BMLP -1.86% -0.08% 13.38% -4.76% -- -- --
BMLP (NAV) -5.71% -3.94% 16.86% -3.05% -- -- --
DWA MLP Select Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BMLP Summary Data

BMO
12/19/16
Exchange-Traded Note
0.85%
$3.90M
$50.18K
0.21%

BMLP Portfolio Data

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7.25%
06/27/19
0

BMLP Index Data

DWA MLP Select Index
Equal
Momentum
N/A

BMLP Portfolio Management

0.85%
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BMLP Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

BMLP Fund Structure

Exchange-Traded Note
No
N/A
N/A / N/A
BMO
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

BMLP Factset Analytics Block Liquidity

As of 08/19/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BMLP. BMLP is rated a N/A out of 5.

BMLP Tradability

817
$50.18K
200
$18.77K
0.21%
$0.10
-0.01%
5.19% / -6.90%
None
0.00%
50,000
0.00
0.06%
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$46.40
N/A

BMLP Performance Statistics

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0.00%
N/A

BMLP BENCHMARK COMPARISON HOLDINGS

0
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BMLP BENCHMARK COMPARISON SUMMARY


BMLP
Segment Benchmark
0
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BMLP BENCHMARK COMPARISON MARKET CAP SIZE


BMLP
Segment Benchmark
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