Key stats
About Alerian MLP ETF
Expense ratio
0.85%
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Inception date
Aug 23, 2010
ISIN
US00162Q4525
AMLP seeks to invest in energy infrastructure MLPs, selected by distributions. The companies listed in its market-cap-weighted index earn majority of their cash flow from midstream activities involving energy commodities. Structured as a C-corporation, the fund allows full allocation to MLPs, unlike traditional ETFs that can only hold 25% of their portfolios in MLPs. However, this structure introduces a layer of taxation that prevents it from passing through the full return of its underlying index. Therefore, AMLP provides diluted exposure to its MLPs. This, however, benefits shareholdersmost distributions are tax-deferred, similar to the underlying MLPs and in contrast to ETNs. The underlying index is rebalanced every quarter.
Classification
What's in the fund
Exposure type
Industrial Services
Distribution Services
Stock breakdown by region