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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

EINC

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateAug 06, 2013
Assets (mns)$821
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  + 
ENBRIDGE INC 8.6 %
WILLIAMS COS INC 8.4 %
TRANSCANADA CORP 8.4 %
KINDER MORGAN INC 8.4 %
ONEOK INC 7.5 %
CHENIERE ENERGY INC 6.7 %
EQUITRANS MIDSTREAM CORP. 5.2 %
TARGA RESOURCES CORP 4.9 %
ANTERO MIDSTREAM CORP. 4.8 %
ENERGY TRANSFER, L.P. 4.3 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 584
Wgt avg mkt cap (mns)$26,598
Large cap (>$10bn)73.5%
Mid cap ($2-10bn)19.6%
Small cap (<$2bn)6.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 78.6 %
CANADA 21.2 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
39.8% 74.3% 6.2% 3.2% 1.4% -- 2.6%
Market Correlations
versus...BetaR-squared
S&P 5001.6462%
MSCI EAFE1.6963%
MSCI Emg Mkts1.4861%
Liquidity Measures
Avg. volume (000)127
Turnover0.6%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$2,176
Technical Indicators
Recent close$39.25
30d moving avg.$36.70
Annualized volatility39.0%
Relative strength (RSI)69
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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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
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
  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 --%
0.7 14.7 2.1 5.7% --
Based on closing prices from 10/21/2021
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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

3.5%

Cat. Avg

4.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.5%
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 800 funds in the US Equities category, with an average ALTAR Score™ of 4.7% and a standard deviation of 4.6%. MLPX's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places MLPX in the 39th 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

 

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)
MLPX 45.0 7.5 52.5
Peer Avg. 56.3 39.5 95.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.