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.
Fund Basics
| Fund sponsor | ALPS ETF Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2010 |
| Assets (mns) | $3,789 |
| Expense ratio | 87 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | C Corporation |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Distributions |
| Weighting | Market Cap |
| Smart-beta | Yes |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MAGELLAN MIDSTREAM PARTNERS | 10.4 % |
| ENTERPRISE PRODUCTS PARTNERS | 10.4 % |
| PLAINS ALL AMER PIPELINE LP | 9.9 % |
| MPLX LP | 9.9 % |
| ENERGY TRANSFER EQUITY LP | 9.5 % |
| PHILLIPS 66 PARTNERS LP | 8.2 % |
| WESTERN GAS EQUITY PARTNERS LP | 6.4 % |
| TC PIPELINES LP | 5.3 % |
| SHELL MIDSTREAM PARTNERS LP | 4.8 % |
| CHENIERE ENERGY PARTNERS LP | 4.5 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 734 |
| Wgt avg mkt cap (mns) | $11,158 |
| Large cap (>$10bn) | 34.3% |
| Mid cap ($2-10bn) | 46.2% |
| Small cap (<$2bn) | 19.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Annual Returns (as of 06/30/2020)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 207.0% | 177.2% | 71.0% | 38.8% | 19.4% | -- | 13.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 4.06 | 7% |
| MSCI EAFE | 4.64 | 8% |
| MSCI Emg Mkts | 1.84 | 2% |
Liquidity Measures
| Avg. volume (000) | 3,879 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $780 |
Technical Indicators
| Recent close | $24.19 |
| 30d moving avg. | $27.11 |
| Annualized volatility | 257.1% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 5.0% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AMLP |
Expenses vs. AMLP |
ALTAR Score™ vs. AMLP |
|---|---|---|---|---|
| MLPA | Global X MLP ETF | 84.6% | -41 bp | -0.1% |
| AMZA | InfraCap MLP ETF | 73.0% | +154 bp | +0.2% |
| ZMLP | Direxion Zacks MLP High Income Shares | 45.1% | -6 bp | -4.2% |
| ENFR | Alerian Energy Infrastructure ETF | 24.2% | -22 bp | -3.3% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 24.1% | -42 bp | -4.7% |
| EMLP | First Trust North American Energy Infrastructure Fund | 21.9% | +9 bp | -2.8% |
| YMLP | VanEck Vectors High Income MLP ETF | 21.8% | -42 bp | -3.2% |
| USAI | Pacer American Energy Independence ETF | 19.2% | -12 bp | -5.8% |
| TPYP | Tortoise North American Pipeline Fund | 17.6% | -47 bp | -2.5% |
| FCG | First Trust Natural Gas ETF | 12.9% | -27 bp | -4.7% |
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 | --% |
Based on closing prices from 7/2/2020
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results acheived by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
AMLP
8.5%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.5% |
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 706 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.9%. AMLP's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places AMLP in the 82nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
AMLP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
News feed provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading