MLPX

Global X MLP & Energy Infrastructure ETF
*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 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.

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 09/24/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MLPX -15.63% -9.38% -36.63% -36.02% -13.56% -7.25% --
MLPX (NAV) -15.52% -9.30% -36.51% -35.80% -13.55% -7.21% --
Solactive MLP & Energy Infrastructure Index -15.48% -9.04% -36.23% -35.45% -12.99% -6.51% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MLPX Summary Data

Mirae Asset
Global X
08/07/13
Open-Ended Fund
0.45%
$432.11M
$2.99M
0.12%

MLPX Portfolio Data

$20.14B
-17.89
1.35
10.16%
11/06/20
27

MLPX Index Data

Tiered
Committee
N/A

MLPX Portfolio Management

0.45%
-0.40%
-0.08%
-0.67%

MLPX Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MLPX Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MLPX Factset Analytics Block Liquidity

As of 09/28/20
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

118,336
$2.99M
88,518
$2.26M
0.12%
$0.03
0.02%
200.78% / -1.07%
None
0.00%
50,000
1.77
0.00%
0.04%
41
$21.99
5

MLPX Sector/Industry Breakdown


MLPX
Segment Benchmark
99.09%
--
0.74%
--
0.16%
--

MLPX Top 10 Holdings[View All]

9.90%
9.82%
6.79%
ONEOK, Inc. 6.77%
4.52%
4.45%
4.40%
69.75%

MLPX Countries


MLPX
Segment Benchmark
76.54%
--
23.46%
--

MLPX Regions


MLPX
Segment Benchmark
100.00%
--

MLPX Economic Development


MLPX
Segment Benchmark
100.00%
--

MLPX Performance Statistics

--
--
--
--
0.00%
N/A

MLPX Benchmark Comparison Holdings

27
--
--
0.00%

MLPX Benchmark Comparison Summary


MLPX
Segment Benchmark
27
--
$20.14B
--
-17.89
--
1.35
--
11.91%
--
High
High

MLPX Benchmark Comparison Market Cap Size


MLPX
Segment Benchmark
50.36%
--
37.57%
--
12.06%
--
0.00%
--