Key stats
About Alerian MLP ETF
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Inception date
Aug 23, 2010
Structure
C-Corporation
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ALPS Advisors, Inc.
Distributor
ALPS Portfolio Solutions Distributor, Inc.
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.
Related funds
Classification
What's in the fund
Exposure type
Industrial Services
Distribution Services
Energy Minerals
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AMLP assets under management is 10.48 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AMLP invests in stocks. See more details in our Analysis section.
AMLP expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AMLP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, AMLP pays dividends to its holders with the dividend yield of 8.17%.
AMLP shares are issued by SS&C Technologies Holdings, Inc.
AMLP follows the Alerian MLP Infrastructure. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 23, 2010.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.