EINC
VanEck Energy Income ETF
Yorkville High Income MLP is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive High Income MLP Index.
US
EQUITY
Passive
MANAGEMENT STYLE
70.5 M
ASSETS UNDER MGMT
48 bp
EXPENSES
Fund Basics
Fund sponsor | Yorkville ETF Advisors LLC |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Mar 13, 2012 |
Assets (mns) | $71 |
Expense ratio | 48 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | C Corporation |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
WILLIAMS COS INC | 8.5 % |
ENBRIDGE INC | 7.3 % |
ONEOK INC | 7.0 % |
CHENIERE ENERGY INC | 6.3 % |
KINDER MORGAN INC | 6.2 % |
TRANSCANADA CORP | 5.7 % |
TARGA RESOURCES CORP | 5.6 % |
DT MIDSTREAM, INC. | 5.3 % |
ENERGY TRANSFER, L.P. | 4.7 % |
MPLX LP | 4.5 % |
Constituent Breakdown
Number of holdings | 34 |
Herfindahl-Hirschman Index | 504 |
Wgt avg mkt cap (mns) | $40,265 |
Large cap (>$10bn) | 75.6% |
Mid cap ($2-10bn) | 19.4% |
Small cap (<$2bn) | 4.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 74.8 % | |
CANADA | 24.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 40.4% | 39.7% | 24.7% | 25.8% | 18.3% | -1.0% | -1.3% | Volatility | 13.0% | 13.4% | 15.4% | 19.6% | 31.8% | 28.6% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.81 | 52% |
MSCI EAFE | 0.64 | 32% |
MSCI Emg Mkts | 0.40 | 13% |
Liquidity Measures
Avg. volume (000) | 12 |
Turnover | 1.6% |
Avg. Bid/Ask (% of price) | 0.48% |
ADV of underlying (mns) | $2,835 |
Technical Indicators
Recent close | $92.25 |
30d moving avg. | $97.58 |
Annualized volatility | 19.6% |
Relative strength (RSI) | 60 |
Short interest (ETF) | 0.7% |
Short interest (underlying) | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. EINC |
Expenses vs. EINC |
ALTAR Score™ vs. EINC |
---|---|---|---|---|
MLPX | Global X MLP & Energy Infrastructure ETF | 81.9% | -3 bp | +0.1% |
ENFR | Alerian Energy Infrastructure ETF | 66.1% | -13 bp | +0.3% |
USAI | Pacer American Energy Independence ETF | 65.5% | +27 bp | -0.7% |
TPYP | Tortoise North American Pipeline Fund | 64.7% | -8 bp | +0.7% |
UMI | USCF Midstream Energy Income Fund ETF | 60.8% | +37 bp | +0.1% |
EIPI | FT Energy Income Partners Enhanced Income ETF | 40.4% | +62 bp | +1.6% |
EMLP | First Trust North American Energy Infrastructure Fund | 35.7% | +47 bp | +1.1% |
NDIV | Amplify Natural Resources Dividend Income ETF | 32.0% | +11 bp | +7.1% |
EIPX | FT Energy Income Partners Strategy ETF | 29.9% | +47 bp | +2.7% |
AMZA | InfraCap MLP ETF | 28.3% | +116 bp | +0.9% |
Risk and Returns: EINC 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 | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EINC
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™
EINC
3.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. EINC's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places EINC in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EINCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Passive US Equity ETFs |
# of ETFs | 192 |
Avg. Expense Ratio | 31.0 bp |
Std. Deviation | 25.7 bp |
EINC (48 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
EINC | 48.0 | 48.4 | 96.4 |
Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .