AMLP

The Alerian MLP ETF

Alerian MLP ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the price and yield performance of the Alerian MLP Infrastructure Index.


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8.2%

ALTAR Score™
Trend in ALTAR Score™

MLPA

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorALPS ETF Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateAug 25, 2010
Assets (mns)$3,196
Expense ratio87 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationC Corporation
DistributionsQuarterly
Taxation1099
Stock selectionDistributions
WeightingMarket Cap
Smart-betaYes
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MPLX LP 11.9 %
ENTERPRISE PRODUCTS PARTNERS 11.0 %
MAGELLAN MIDSTREAM PARTNERS 10.3 %
ENERGY TRANSFER EQUITY LP 9.3 %
PLAINS ALL AMER PIPELINE LP 8.6 %
PHILLIPS 66 PARTNERS LP 6.5 %
WESTERN GAS EQUITY PARTNERS LP 5.7 %
TC PIPELINES LP 5.6 %
CHENIERE ENERGY PARTNERS LP 4.9 %
SHELL MIDSTREAM PARTNERS LP 4.3 %
Constituent Breakdown
Number of holdings21
Herfindahl-Hirschman Index 727
Wgt avg mkt cap (mns)$10,474
Large cap (>$10bn)36.5%
Mid cap ($2-10bn)31.6%
Small cap (<$2bn)31.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 100.5 %
Historical Performance


Standardized Annual Returns (as of 08/31/2020)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-40.7% -43.2% -28.2% -18.5% -13.1% -- -4.1%
Market Correlations
versus...BetaR-squared
S&P 5001.9858%
MSCI EAFE2.1156%
MSCI Emg Mkts1.5950%
Liquidity Measures
Avg. volume (000)2,141
Turnover1.4%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$6
Technical Indicators
Recent close$21.35
30d moving avg.$23.28
Annualized volatility45.3%
Relative strength (RSI)29
Short interest (ETF)5.5%
Short interest (underlying)2.2%
Distributions
Total Cost of Ownership Detail
  AMLP Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2015 2016 2017 2018 2019 2020E 2021E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2019 2020E Fwd Est 2021E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.6 51.3 1.0 13.3% --
Based on closing prices from 9/18/2020
Historical Valuation Trends Sample data. Subscribe for access.

Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

AMLP

8.2%

Cat. Avg

5.9%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.2%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 711 funds in the US Equities category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.6%. AMLP's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places AMLP in the 80th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
AMLP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


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Market Activity
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Bid/Ask Spread
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Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.