ENFR

Alerian Energy Infrastructure ETF

Alerian Energy Infrastructure ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the Alerian Infrastructure Index, which is comprised of 30 equity securities of issuers headquartered or incorporated in the United States and Canada that engage in the transportation, storage, and processing of energy commodities ("midstream energy businesses").


US

EQUITY

Rules-Based

MANAGEMENT STYLE

161.2 M

ASSETS UNDER MGMT

35 bp

EXPENSES
Fund Basics
Fund sponsorALPS Advisors Inc
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 31, 2013
Assets (mns)$161
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ENERGY TRANSFER, L.P. 9.0 %
ENBRIDGE INC 8.0 %
ENTERPRISE PRODUCTS PARTNERS 7.8 %
TARGA RESOURCES CORP 5.1 %
KINDER MORGAN INC 5.1 %
ONEOK INC 5.1 %
DT MIDSTREAM, INC. 5.1 %
PLAINS GP HOLDINGS LP CLASS A 5.1 %
WILLIAMS COS INC 5.0 %
CHENIERE ENERGY INC 5.0 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 543
Wgt avg mkt cap (mns)$36,076
Large cap (>$10bn)71.7%
Mid cap ($2-10bn)23.3%
Small cap (<$2bn)2.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 74.7 %
CANADA 25.3 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 19.0% 24.0% 22.3% 17.2% 11.9% 3.7% 5.4%
Volatility 11.6% 13.5% 19.7% 20.4% 30.3% 26.5% --
Market Correlations
versus...BetaR-squared
S&P 5000.7953%
MSCI EAFE0.7445%
MSCI Emg Mkts0.5422%
Liquidity Measures
Avg. volume (000)33
Turnover0.6%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$1,830
Technical Indicators
Recent close$29.31
30d moving avg.$28.07
Annualized volatility19.6%
Relative strength (RSI)61
Short interest (ETF)0.5%
Short interest (underlying)2.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ENFR vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.7 15.7 2.8 5.5% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ENFR



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 Rating

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.

ALTAR Score™

ENFR

4.3%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. ENFR's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places ENFR in the 30rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ENFR
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
ENFR (35 bp) Percentile rank 36
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ENFR 35.0 19.0 54
Peer Avg. 47.1 17.5 64.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .