MLPA

Global X MLP ETF

Global X MLP ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive MLP Composite Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

1.6 B

ASSETS UNDER MGMT

45 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 18, 2012
Assets (mns)$1,644
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationC Corporation
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ENERGY TRANSFER, L.P. 15.1 %
ENTERPRISE PRODUCTS PARTNERS 13.4 %
MPLX LP 12.3 %
WESTERN GAS EQUITY PARTNERS LP 10.4 %
PLAINS ALL AMER PIPELINE LP 9.5 %
HESS MIDSTREAM LP - CLASS A 8.3 %
SUNOCO LP 8.2 %
ENLINK MIDSTREAM LLC 7.9 %
CHENIERE ENERGY PARTNERS LP 6.3 %
GLOBAL PARTNERS LP 4.2 %
Constituent Breakdown
Number of holdings20
Herfindahl-Hirschman Index 1,120
Wgt avg mkt cap (mns)$30,209
Large cap (>$10bn)61.9%
Mid cap ($2-10bn)19.2%
Small cap (<$2bn)11.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 107.1 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 21.2% 16.4% 17.1% 23.6% 12.3% 1.7% 3.2%
Volatility 12.4% 12.5% 13.1% 18.4% 34.6% 30.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.5531%
MSCI EAFE0.4116%
MSCI Emg Mkts0.194%
Liquidity Measures
Avg. volume (000)101
Turnover0.3%
Avg. Bid/Ask (% of price)0.21%
ADV of underlying (mns)$867
Technical Indicators
Recent close$48.84
30d moving avg.$50.68
Annualized volatility17.5%
Relative strength (RSI)48
Short interest (ETF)0.1%
Short interest (underlying)1.8%
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: MLPA vs. Comps (1 YR)

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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 -- -- -- -- -- -- --
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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
  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 --%
0.6 11.7 2.9 7.0% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MLPA



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

MLPA

5.2%

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%. MLPA's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places MLPA in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MLPA
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
MLPA (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)
MLPA 45.0 20.5 65.5
Peer Avg. 44.0 16.8 60.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .