AMLP
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.
4.1%
ALTAR Score™
Trend in ALTAR Score™
Percentile: 22nd
UNDERWEIGHT
Recommendation
Fund Basics
| Fund sponsor | ALPS ETF Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2010 |
| Assets (mns) | $8,501 |
| Expense ratio | 85 bp |
| Currency | USD |
Constituent Breakdown
| No. of constituents | 24 |
| Herfindahl-Hirschman Index | 660 |
| Wgt avg mkt cap (mns) | $11,161 |
| Large cap (>$10bn) | 31.4% |
| Mid cap ($2-10bn) | 55.6% |
| Small cap (<$2bn) | 13.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
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
| ENTERPRISE PRODUCTS PARTNERS | 10.4 % |
| PLAINS ALL AMER PIPELINE LP | 10.2 % |
| MAGELLAN MIDSTREAM PARTNERS | 10.2 % |
| ENERGY TRANSFER EQUITY LP | 9.5 % |
| MPLX LP | 9.3 % |
| BUCKEYE PARTNERS LP | 6.6 % |
| WESTERN GAS EQUITY PARTNERS LP | 6.2 % |
| EQT MIDSTREAM PARTNERS LP | 3.9 % |
| TALLGRASS ENERGY GP LP CLASS A | 3.4 % |
| ANDEAVOR LOGISTICS LP | 3.3 % |
Sector Breakdown
Country Exposure
| UNITED STATES | 100.1 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2019)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 14.9% | 0.8% | -3.0% | -0.2% | -4.9% | 0.0% | 2.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 49% |
| MSCI EAFE | 0.87 | 34% |
| MSCI Emg Mkts | 0.60 | 25% |
Liquidity Measures
| Avg. volume (000) | 13,470 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $508 |
Technical Indicators
| Recent close | $9.67 |
| 30d moving avg. | $9.82 |
| Annualized volatility | 16.4% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 3.4% |
| 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)
Alternative ETFs
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Results & Estimates
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2018 | 2019E | 2020E | |
| Price-to-sales | --x | --x | --x |
| Price-to-earnings | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x |
| Price-to-growth | --x | --x | --x |
| Price-to-book value | --x | --x | --x |
| Yield | --% | --% | --% |
Peer Group Comparison
Historical Valuation Trends
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
AMLP
4.1%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.1% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 681 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. AMLP's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places AMLP in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Breakdown
Composite
AMLP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
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Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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Today's Trading
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