MLPX

Global X MLP & Energy Infrastructure ETF
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*Unless otherwise stated, data provided by FactSet.

MLPX Fund Description

MLPX tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund.

MLPX Factset Analytics Insight

MLPX's seemingly vanilla structure comes with important trade-offs on how it plays the space. Unlike most existing MLP ETPs, MLPX is structured as a classic 1940 Act fund as opposed to a C-corporation or ETN. While this eliminates the downsides of the other structures, it also means the fund offers diluted exposure to MLPs. Since MLPX must be RIC compliant, it may only allocate 25% of its portfolio to MLPs at rebalance, with the rest going to infrastructure firms. (One of the firms is ex-MLP heavyweight, Kinder Morgan Inc, a stock that pure play MLP ETPs don't hold.) Yield is lower, since the diluted structure tamps down cash flows. Our analysis shows fairly strong alignment to pure-play daily MLP returns, for better or worse. MLPX is easy to trade: liquidity is strong and spreads are moderate, though traders will probably still want to use limit orders here. Larger investors will find straightforward execution on block trades. While MLPX charges an attractive fee, it doesn't provide the kind of tight tracking that its structure would seem to imply, and actual holding costs are liable to be far higher.

MLPX 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 April 18, 2019 the Global X MLP & Energy Infrastructure ETF MSCI ESG Fund Quality Score is 4.22 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. MLPX ranks in the 32nd percentile within its peer group and in the 12nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

MLPX 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 04/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MLPX -0.61% 4.65% 20.83% 8.26% 8.39% -1.53% --
MLPX (NAV) -0.53% 4.90% 21.02% 8.52% 8.32% -1.45% --
Alerian MLP -1.01% 2.76% 15.45% 4.95% 4.19% -5.64% 9.25%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MLPX Top 10 Countries

MLPX Top 10 Sectors

MLPX Top 10 Holdings [View All]

MLPX Summary Data

Global X
08/07/13
Open-Ended Fund
0.45%
$850.46M
$7.61M
0.08%

MLPX Portfolio Data

$28.94B
25.16
1.97
5.17%
05/07/19
33

MLPX Index Data

Tiered
Committee
Alerian MLP

MLPX Portfolio Management

0.45%
-0.77%
-0.55%
-1.03%

MLPX Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

MLPX Fund Structure

Open-Ended Fund
No
Yes
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

MLPX Factset Analytics Block Liquidity

As of 04/19/19
5
4
3
2
1

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

MLPX Tradability

581,755
$7.61M
319,830
$4.20M
0.08%
$0.01
0.00%
0.41% / -4.47%
None
100.00%
50,000
6.40
0.04%
0.05%
24
$13.05
5

MLPX Sector/Industry Breakdown


MLPX
Segment Benchmark
97.05%
86.05%
0.67%
6.28%

MLPX TOP 10 HOLDINGS[View All]

9.84%
9.04%
6.57%
4.68%
4.52%
4.51%
4.50%
68.31%

MLPX Countries


MLPX
Segment Benchmark
74.66%
100.00%
25.34%
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MLPX Regions


MLPX
Segment Benchmark
100.00%
100.00%

MLPX Economic Development


MLPX
Segment Benchmark
100.00%
100.00%

MLPX Performance Statistics

0.90
0.92
0.94
1.01
0.41%
Alerian MLP

MLPX MSCI ESG Ratings

4.22 / 10
32.08
12.29
9.36%
0.50%
550.96

MLPX BENCHMARK COMPARISON HOLDINGS

33
37
22
29.06%

MLPX BENCHMARK COMPARISON SUMMARY


MLPX
Segment Benchmark
33
37
$28.94B
$18.62B
25.16
16.85
1.97
2.01
5.92%
8.00%
High
High

MLPX BENCHMARK COMPARISON MARKET CAP SIZE


MLPX
Segment Benchmark
70.65%
54.12%
22.44%
32.63%
6.91%
12.07%
0.00%
1.17%