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15 important things you should know about ALPS AMLP ETF
Updated: July 05, 2021
Bull Case
- No Bull case arguments for now!
Bear Case
- 3-year return below the benchmark
- 5-year return below the benchmark
- 10-year return below the benchmark
- High expense ratio
Before we start: if you’re looking for AMLP “stock” price, you can quickly find it out by visiting Finny and typing "AMLP quote". If you’re looking for a quick scoop on AMLP "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMLP". You’ll get all this info in one place.
Are you looking to buy or sell AMLP? Or perhaps you’re looking for AMLP fact sheet, and learn about its alternatives? If so, you came to the right place.
In this AMLP ETF review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.
Here is what you’ll be able to find in this review:
- Fact Sheet: AMLP performance, returns, expense ratio, holdings and dividend yield;
- Analysis: AMLP buy or sell; the pros and cons of investing in AMLP ETF;
- Alternatives: other ETFs and mutual funds you should consider as alternatives to AMLP.
And here is the list of questions we’ll answer:
- Describe Alerian MLP ETF (AMLP).
- What is AMLP underlying index?
- What are AMLP holdings?
- What is AMLP performance? What are AMLP historical returns?
- What is AMLP dividend yield?
- What is AMLP expense ratio?
- What is AMLP tax efficiency (tax-cost ratio)?
- What is AMLP beta? How would you assess AMLP risk?
- What is AMLP Finny Score? AMLP buy or sell?
- What are the pros of investing in AMLP? What are AMLP buy reasons?
- What are the cons of investing in AMLP? What are AMLP sell reasons?
- Compare and contrast: AMLP vs AMJ.
- Compare and contrast: AMLP vs MLPA.
- Compare and contrast: AMLP vs MLPX.
So let’s start. Scroll down to the question that interests you the most.
Fact Sheet
1. Describe Alerian MLP ETF (AMLP).
The Fund seeks investment results that correspond generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The Index is intended to give investors a means of tracking the overall performance of the United States energy infrastructure MLP asset class.
3. What are AMLP top holdings?
AMLP has 16 stock holdings and 0 bond holdings.
The top 10 holdings represent 77.68% of total assets. Here are the top holdings:
| Name | Symbol | % Assets |
|---|---|---|
| MPLX LP Partnership Units | MPLX | 10.32% |
| Enterprise Products Partners LP | EPD | 10.08% |
| Magellan Midstream Partners LP | MMP | 10.03% |
| Plains All American Pipeline LP | PAA | 9.75% |
| Energy Transfer LP | ET | 9.00% |
| Phillips 66 Partners LP | PSXP | 6.46% |
| Western Midstream Partners LP | WES | 6.25% |
| TC Pipelines LP | TCP | 5.80% |
| Cheniere Energy Partners LP | CQP | 5.59% |
| DCP Midstream LP | DCP | 4.40% |
4. What is AMLP performance? What are AMLP historical returns?
AMLP has generated the following returns:
- 1-month return is 3.12%;
- 3-month return is 21.13%;
- 1-year return is 69.69%;
- 3-year return is -0.95%;
- 5-year return is -2.26%;
- 10-year return is 0.03%.
5. What is AMLP dividend yield?
AMLP yield is 8.84%.
6. What is AMLP expense ratio?
AMLP expense ratio is 0.9%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.
7. What is AMLP tax efficiency (tax-cost ratio)?
- 1-year ax cost ratio is 4.15%;
- 3-year ax cost ratio is 2.63%.
8. What is AMLP beta? How would you assess AMLP risk?
- 3-year beta is 2.05;
- 5-year beta is 1.97;
- 10-year beta is 1.35.
Analysis
9. What is Finny Score? buy or sell?
Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 0.
10. What are the pros of investing in AMLP? What are AMLP buy reasons?
There are no apparent reasons to buy AMLP.
11. What are the cons of investing in AMLP? What are AMLP negatives?
The following are AMLP weaknesses from our perspective:
- AMLP 3-year return is -0.95%, which is lower than the 3-year return of the benchmark index (MSCI ACWI NR USD), 14.67%.
- AMLP 5-year return is -2.26%, which is lower than the 5-year return of the benchmark index (MSCI ACWI NR USD), 14.57%.
- AMLP 10-year return is 0.03%, which is lower than the 10-year return of the benchmark index (MSCI ACWI NR USD), 9.82%.
- AMLP expense ratio is 0.9%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
Alternatives
12. Compare and contrast: AMLP vs AMJ.
Both AMLP and AMJ are ETFs. AMLP has a lower 5-year return than AMJ (-2.26% vs -1.48%). AMLP has a higher expense ratio than AMJ (0.9% vs 0.85%). Below is the comparison between AMLP and AMJ.
| AMLP | AMJ | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $5.75B | $2.33B |
| Expense Ratio | 0.9% | 0.85% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Alerian MLP Index |
| YTD Return | 50.55% | 48.48% |
| 1-Year Return | 69.69% | 66.98% |
| 3-Year Return | -0.95% | -0.5% |
| 5-Year Return | -2.26% | -1.48% |
| 10-Year Return | 0.03% | 0.32% |
| Dividend Yield | 8.84% | 7.86% |
AMJ profile: The Fund seeks to provide investors a convenient way to gain exposure to midstream energy master limited partnerships. The Alerian MLP Index is a market-cap weighted, float-adjusted index that was created to provide a benchmark to track the performance of the energy MLP sector.
For further information, check out AMLP vs AMJ comparison details.
13. Compare and contrast: AMLP vs MLPA.
Both AMLP and MLPA are ETFs. AMLP has a higher 5-year return than MLPA (-2.26% vs -2.3%). AMLP has a higher expense ratio than MLPA (0.9% vs 0.46%). Below is the comparison between AMLP and MLPA.
| AMLP | MLPA | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $5.75B | $1.02B |
| Expense Ratio | 0.9% | 0.46% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Solactive MLP Infrastructure Index |
| YTD Return | 50.55% | 50.21% |
| 1-Year Return | 69.69% | 67.1% |
| 3-Year Return | -0.95% | -0.64% |
| 5-Year Return | -2.26% | -2.3% |
| 10-Year Return | 0.03% | N/A |
| Dividend Yield | 8.84% | 9.2% |
MLPA profile: The Fund seeks to correspond to the price and yield of the Solactive MLP Composite Index. The Fund invests at least 80% of its net assets in the securities of the Underlying Index, which was comprised of 20 MLPs engaged in the transportation, storage, and processing of natural resources (Midstream MLPs).
For further information, check out AMLP vs MLPA comparison details.
14. Compare and contrast: AMLP vs MLPX.
Both AMLP and MLPX are ETFs. AMLP has a lower 5-year return than MLPX (-2.26% vs 3.78%). AMLP has a higher expense ratio than MLPX (0.9% vs 0.45%). Below is the comparison between AMLP and MLPX.
| AMLP | MLPX | |
|---|---|---|
| Segment | Equity: U.S. MLPs | Equity: U.S. MLPs |
| Net Assets | $5.75B | $745.60M |
| Expense Ratio | 0.9% | 0.45% |
| Management Style | passive (index-based) | passive (index-based) |
| Underlying Index | Alerian MLP Infrastructure Index | Solactive MLP & Energy Infrastructure Index |
| YTD Return | 50.55% | 41.49% |
| 1-Year Return | 69.69% | 60.68% |
| 3-Year Return | -0.95% | 4.63% |
| 5-Year Return | -2.26% | 3.78% |
| 10-Year Return | 0.03% | N/A |
| Dividend Yield | 8.84% | 6.36% |
MLPX profile: The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Index. The Fund normally invests at least 80% of its total assets in securities of MLPs and energy infrastructure corporations.
For further information, check out AMLP vs MLPX comparison details.