Global X MLP ETF
The fund invests at least 80% of its total assets in the securities of the underlying index. Moreover, at least 80% of the fund's total assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the performance of the energy infrastructure MLP asset class in the United States. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned +15.6% so far this year. At 0.45% a year it is not the cheapest way in — XLE runs the same ground at 0.09%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER LP | 14.77% | $21.19 | -0.1% | ||
| 2 | EPDENTERPRISE PRODUCTS PARTNERS LP | 13.16% | $38.01 | -1.1% | ||
| 3 | MPLXMPLX LP | 12.73% | $58.41 | -0.3% | ||
| 4 | PAAPLAINS ALL AMERICAN PIPELINE LP | 11.89% | $24.61 | +0.1% | ||
| 5 | WESWESTERN MIDSTREAM PARTNERS LP | 10.94% | $48.36 | -0.6% | ||
| 6 | SUNSUNOCO LP | 9.58% | $75.85 | +0.6% | ||
| 7 | HESMHESS MIDSTREAM LP | 9.42% | $39.14 | +0.1% | ||
| 8 | CQPCHENIERE ENERGY PARTNERS LP | 6.75% | $68.38 | -0.4% | ||
| 9 | USACUSA COMPRESSION PARTNERS LP | 5.71% | $26.55 | +0.7% | ||
| 10 | GELGENESIS ENERGY LP | 4.24% | $16.20 | +1.0% | ||
| 11 | GLPGLOBAL PARTNERS LP | 3.89% | $50.38 | -0.4% | ||
| 12 | SPHSUBURBAN PROPANE PARTNERS LP | 3.10% | $17.65 | +0.2% | ||
| 13 | DKLDELEK LOGISTICS PARTNERS LP | 2.71% | $54.13 | +0.8% | ||
| 14 | —CASH | 0.01% | — | — | — |
| 1 week | +0.3% |
| 1 month | +0.0% |
| 3 months | +1.2% |
| 6 months | +6.0% |
| YTD | +15.6% |
| 1 year | +13.4% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 14.8% of the book; the top ten carry 99%. Spread across 14+ names, it behaves like roughly 11 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| ET ENERGY TRANSFER LP | $1M | $1M |
| EPD ENTERPRISE PRODUCTS PARTNERS LP | $472,223 | $627,089 |
| WES WESTERN MIDSTREAM PARTNERS LP | $164,472 | $303,460 |
| PAA PLAINS ALL AMERICAN PIPELINE LP | $221,441 | $224,292 |
| MPLX MPLX LP | $104,672 | $143,591 |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
Due diligence cuts both ways. These funds sit on the same shelf and beat MLPA on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.7B | +$104M | -41bp on fee · 21× the assets · +$104M in over the month | Head-to-head |
| IEFA iShares Core MSCI EAFE ETF | 0.07% | $193.2B | +$631M | -38bp on fee · 124× the assets · +$631M in over the month | Head-to-head |
| IEMG iShares Core MSCI Emerging Markets ETF | 0.09% | $160.6B | +$1.9B | -36bp on fee · 103× the assets · +$1.9B in over the month | Head-to-head |
| IAGG iShares Core International Aggregate Bond ETF | 0.07% | $11.4B | +$739M | -38bp on fee · 7× the assets · +$739M in over the month | Head-to-head |
| IXUS iShares Core MSCI Total International Stock ETF | 0.07% | $46.2B | — | -38bp on fee · 30× the assets | Head-to-head |