PYPEETRACS NYSE Pickens Core Midstream Index ETN
PYPE Fund Description
PYPE tracks a market cap-weighted index of US midstream energy stocks and MLPs, excluding certain subindustries. Holdings are screened for higher dividend yields.
PYPE Factset Analytics Insight
PYPE focuses on “core” midstream energy, which the fund’s index defines as gathering and processing, liquefaction, pipeline transportation, rail terminaling, and storage. Refiners and utility companies are excluded. PYPE includes both common stock and MLP units of companies domiciled in the US, with revenue exposure limited to the US as well. The aim is to reflect the operating fundamentals of the midstream energy industry, agnostic of legal structure. Additionally, constituents must have a dividend yield equal to or higher than the S&P 500. PYPE’s portfolio is free-float market-cap weighted, with a cap of 7.5% on individual holdings. For this exposure, PYPE charges a fairly high expense ratio.
PYPE Summary Data
PYPE Portfolio Data
PYPE Index Data
PYPE Portfolio Management
PYPE Tax Exposures
PYPE Fund Structure
PYPE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PYPE. PYPE is rated a N/A out of 5.
PYPE Performance Statistics
PYPE Benchmark Comparison Summary
PYPE Benchmark Comparison Market Cap Size