MLPY

Morgan Stanley Cushing MLP High Income Index ETN
*Unless otherwise stated, data provided by FactSet.

MLPY Fund Description

MLPY tracks an equal weighted index of the highest-yielding MLPs.

MLPY Factset Analytics Insight

MLPY takes the already-high-yielding MLP class and ratchets up the yield with an equal-weighted portfolio tracking the 30-name Cushing High Income MLP Index. Since it's an ETN, it doesn't offer the tax benefits of holding individual MLPs. The equal-weighted index does boost MLPY's distribution yield but since the issuer doesn't actually hold any MLPs, the distributions it makes are merely coupon payments made to mimic the cash flow investors holding the MLPs in the index would receive. Trading volume is very low and spreads can be considerable, so investors should handle MLPY with care. Its fee is average for the MLP space, and while its asset base is decent, it's still a fairly small ETN compared to many of its competitors. Investors should note that distributions are taxed as ordinary income, and any price appreciation is taxed as a capital gain.

MLPY Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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PERFORMANCE [as of 12/03/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MLPY -10.15% -11.57% -7.75% -16.90% -7.85% -14.38% --
MLPY (NAV) -- -- -- -- -- -- --
S&P Cushing MLP High Income -11.82% -11.80% -8.06% -18.32% -7.78% -14.18% --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MLPY Summary Data

03/17/11
Exchange-Traded Note
0.85%
$47.59M
$19.73K
1.85%

MLPY Portfolio Data

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12.67%
N/A
0

MLPY Index Data

S&P Cushing MLP High Income
Equal
Fundamental
N/A

MLPY Portfolio Management

0.85%
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MLPY Tax Exposures

20.00% / 39.60%
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Ordinary income
No

MLPY Fund Structure

Exchange-Traded Note
No
N/A
N/A / N/A
Morgan Stanley
Low
Medium
Monthly
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MLPY Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

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

MLPY Tradability

3,812
$19.73K
2,464
$12.27K
1.85%
$0.09
-0.06%
0.78% / -2.06%
Potential
100.00%
100,000
0.02
0.13%
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0
$13.25
N/A

MLPY Performance Statistics

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0.00%
N/A

MLPY Benchmark Comparison Holdings

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MLPY Benchmark Comparison Summary


MLPY
Segment Benchmark
0
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MLPY Benchmark Comparison Market Cap Size


MLPY
Segment Benchmark
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