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) | $6,085 |
| Expense ratio | 90 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
| ENERGY TRANSFER EQUITY LP | 11.4 % |
| PLAINS ALL AMER PIPELINE LP | 10.6 % |
| MAGELLAN MIDSTREAM PARTNERS | 10.0 % |
| MPLX LP | 9.9 % |
| WESTERN GAS EQUITY PARTNERS LP | 9.6 % |
| ENTERPRISE PRODUCTS PARTNERS | 9.3 % |
| PHILLIPS 66 PARTNERS LP | 6.5 % |
| DCP MIDSTREAM PARTNERS LP | 6.0 % |
| NUSTAR ENERGY LP | 4.3 % |
| SHELL MIDSTREAM PARTNERS LP | 4.3 % |
Constituent Breakdown
| Number of holdings | 17 |
| Herfindahl-Hirschman Index | 800 |
| Wgt avg mkt cap (mns) | $15,115 |
| Large cap (>$10bn) | 45.5% |
| Mid cap ($2-10bn) | 47.6% |
| Small cap (<$2bn) | 6.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 100.0 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 37.0% | 39.2% | -7.4% | -4.8% | -3.2% | -0.8% | 0.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.00 | 60% |
| MSCI EAFE | 1.97 | 57% |
| MSCI Emg Mkts | 1.74 | 54% |
Liquidity Measures
| Avg. volume (000) | 2,508 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $840 |
Technical Indicators
| Recent close | $38.28 |
| 30d moving avg. | $34.97 |
| Annualized volatility | 47.8% |
| Relative strength (RSI) | 69 |
| Short interest (ETF) | 4.8% |
| Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AMLP |
Expenses vs. AMLP |
ALTAR Score™ vs. AMLP |
|---|---|---|---|---|
| AMZA | InfraCap MLP ETF | 87.2% | +111 bp | -1.7% |
| MLPA | Global X MLP ETF | 77.4% | -44 bp | +0.0% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 26.8% | -45 bp | -1.3% |
| ENFR | Alerian Energy Infrastructure ETF | 25.3% | -25 bp | -1.8% |
| EINC | VanEck Vectors Energy Income ETF | 25.2% | -45 bp | -1.1% |
| USAI | Pacer American Energy Independence ETF | 22.3% | -15 bp | -2.3% |
| EMLP | First Trust North American Energy Infrastructure Fund | 21.9% | +6 bp | -0.7% |
| TPYP | Tortoise North American Pipeline Fund | 19.0% | -50 bp | -0.3% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 6/11/2021
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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.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AMLP
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
4.9%
Cat. Avg
4.6%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.9% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 772 funds in the US Equities category, with an average ALTAR Score™
of 4.6% and a standard deviation of
2.1%. AMLP's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AMLP in the 56th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AMLP | 90.0 | 3.2 | 93.2 |
| Peer Avg. | 123.5 | 26.0 | 149.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .