ZMLP

Direxion Zacks MLP High Income Index Shares
N/A

N/A
*Unless otherwise stated, data provided by FactSet.

ZMLP Fund Description

ZMLP tracks an equally weighted index of 25 MLPs selected by yield, relative value and liquidity. The fund is structured as a C corporation.

ZMLP Factset Analytics Insight

ZMLP offers MLP exposure with an emphasis on high income, delivered in a C-corp wrapper. The fund’s “high income” moniker refers to the index provider’s—Zacks—multifactor ranking system. While details are skimpy, the broad outline is clear: MLPs are screened based using liquidity, relative value and yield. MLPs that make the cut are ranked by yield, and the top 25 are selected and receive equal weight at rebalance. A yield focus and equal weighting can produce a basket of smaller and more volatile MLPs, which in turn typically produces big cash flows but volatile total returns relative to a “vanilla” C-corp MLP ETF like AMLP. As a C-corp, ZMLP pays taxes at the fund level—which can profoundly change the return pattern and the headline fee—but provides tax-deferred income. The fund and its index made name changes on Sept 12, 2016, but these changes had no material impact. The ETF is one of a handful of non-geared funds from issuer Direxion, best known for its leveraged and inverse ETFs.

ZMLP 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 12/07/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZMLP -7.09% -11.03% -6.78% -3.74% 2.30% -- --
ZMLP (NAV) -7.05% -11.13% -6.97% -3.43% 2.39% -- --
Zacks MLP Index -7.13% -11.36% -7.06% -3.46% 3.11% -- --
Alerian MLP -5.62% -11.21% -4.52% -0.33% 6.73% -4.87% 11.04%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZMLP Top 10 Countries

ZMLP Top 10 Sectors

ZMLP Top 10 Holdings [View All]

ZMLP Summary Data

Direxion
01/23/14
C-Corporation
0.65%
$52.47M
$509.93K
0.40%

ZMLP Portfolio Data

$7.38B
25.55
1.65
11.63%
12/27/18
24

ZMLP Index Data

Zacks MLP Index
Equal
Multi-Factor
Alerian MLP

ZMLP Portfolio Management

0.65%
0.19%
0.40%
-0.20%

ZMLP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

ZMLP Fund Structure

C-Corporation
No
Yes
No Policy
N/A
N/A
Medium
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

ZMLP Factset Analytics Block Liquidity

As of 12/10/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ZMLP. ZMLP is rated a 3 out of 5.

ZMLP Tradability

35,538
$509.93K
20,859
$298.88K
0.40%
$0.06
-0.04%
0.92% / -0.74%
None
100.00%
50,000
0.42
0.04%
0.44%
--
$13.76
3

ZMLP Sector/Industry Breakdown


ZMLP
Segment Benchmark
62.90%
81.34%
28.70%
13.52%
4.30%
1.05%

ZMLP TOP 10 HOLDINGS[View All]

4.83%
4.37%
4.29%
4.29%
4.29%
4.27%
4.24%
4.18%
4.11%
4.11%
42.98%

ZMLP Countries


ZMLP
Segment Benchmark
100.00%
100.00%

ZMLP Regions


ZMLP
Segment Benchmark
100.00%
100.00%

ZMLP Economic Development


ZMLP
Segment Benchmark
100.00%
100.00%

ZMLP Performance Statistics

0.93
0.89
0.86
0.92
0.34%
Alerian MLP

ZMLP BENCHMARK COMPARISON HOLDINGS

24
40
22
42.48%

ZMLP BENCHMARK COMPARISON SUMMARY


ZMLP
Segment Benchmark
24
40
$7.38B
$17.72B
25.55
19.65
1.65
2.28
10.03%
8.22%
High
High

ZMLP BENCHMARK COMPARISON MARKET CAP SIZE


ZMLP
Segment Benchmark
12.73%
48.61%
48.73%
35.97%
38.54%
15.41%
0.00%
0.00%