MLPX

Global X MLP & Energy Infrastructure ETF

Global X MLP & Energy Infrastructure ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

45 bp

EXPENSES

$1.7 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryUS
Asset classEquity
Websitelink...
Inception dateAug 06, 2013
Assets (mns)$1,666
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
WILLIAMS COS INC 9.1 %
ONEOK INC 9.0 %
ENBRIDGE INC 8.6 %
TRANSCANADA CORP 7.7 %
CHENIERE ENERGY INC 7.1 %
KINDER MORGAN INC 7.0 %
TARGA RESOURCES CORP 5.1 %
WESTERN GAS EQUITY PARTNERS LP 4.8 %
PLAINS ALL AMER PIPELINE LP 4.7 %
MPLX LP 4.5 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 587
Wgt avg mkt cap (mns)$35,188
Large cap (>$10bn)82.1%
Mid cap ($2-10bn)15.3%
Small cap (<$2bn)1.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 79.2 %
CANADA 20.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.9% 22.9% 19.0% 16.2% 11.2% 3.4% 6.2%
Volatility 12.6% 13.9% 20.0% 21.0% 31.7% 28.7% --
Market Correlations
versus...BetaR-squared
S&P 5000.7041%
MSCI EAFE0.6937%
MSCI Emg Mkts0.5020%
Liquidity Measures
Avg. volume (000)177
Turnover0.6%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$3,770
Technical Indicators
Recent close$51.96
30d moving avg.$49.00
Annualized volatility19.8%
Relative strength (RSI)58
Short interest (ETF)0.4%
Short interest (underlying)2.6%
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: MLPX vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  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 --%
1.0 15.1 2.7 5.7% --
Based on closing prices from 7/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MLPX



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™

MLPX

4.7%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.7%
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 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. MLPX's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places MLPX in the 34th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
MLPX (45 bp) Percentile rank 48
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MLPX 45.0 7.9 52.9
Peer Avg. 44.3 17.3 61.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .