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 sponsor | Global X Management Co LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2012 |
| Assets (mns) | $1,644 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | C Corporation |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 20 |
| 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)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| 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... | Beta | R-squared |
| S&P 500 | 0.55 | 31% |
| MSCI EAFE | 0.41 | 16% |
| MSCI Emg Mkts | 0.19 | 4% |
Liquidity Measures
| Avg. volume (000) | 101 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $867 |
Technical Indicators
| Recent close | $48.84 |
| 30d moving avg. | $50.68 |
| Annualized volatility | 17.5% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MLPA |
Expenses vs. MLPA |
ALTAR Score™ vs. MLPA |
|---|---|---|---|---|
| AMLP | Alerian MLP ETF | 94.1% | +40 bp | -0.3% |
| AMZA | InfraCap MLP ETF | 92.4% | +119 bp | -0.5% |
| ENFR | Alerian Energy Infrastructure ETF | 31.2% | -10 bp | -1.0% |
| UMI | USCF Midstream Energy Income Fund ETF | 29.4% | +40 bp | -1.3% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 28.8% | 0 bp | -1.2% |
| NDIV | Amplify Natural Resources Dividend Income ETF | 26.0% | +14 bp | +5.8% |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 25.1% | +65 bp | +0.2% |
| EINC | VanEck Energy Income ETF | 24.8% | +3 bp | -1.3% |
| EMLP | First Trust North American Energy Infrastructure Fund | 24.4% | +50 bp | -0.3% |
| USAI | Pacer American Energy Independence ETF | 23.6% | +30 bp | -2.1% |
Risk and Returns: MLPA 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
Peer Group Comparison Sample data. Subscribe for access.
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
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
MLPASELL
U/W
HOLD
O/W
BUY
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 .