Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
18.7%
1 yr return
22.8%
3 Yr Avg Return
19.8%
5 Yr Avg Return
11.0%
Net Assets
$7.97 B
Holdings in Top 10
95.8%
Expense Ratio 0.85%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund employs a “passive management” - or indexing - investment approach designed to track the performance of the Underlying Index. The Underlying Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (“MLP”) asset class. The Underlying Index was developed by Alerian, a leading provider of objective energy infrastructure and MLP benchmarks, data and analytics. The Underlying Index is comprised of energy infrastructure MLPs that earn a majority of their cash flow from the transportation, storage and processing of energy commodities. As of December 31, 2023, the U.S. dollar-denominated market capitalizations of the Index Components ranged from approximately $1.1 billion to approximately $57.2 billion.
The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index.
Energy infrastructure MLPs are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation.
To qualify as a MLP and not to be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two
classes of owners, the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management.
MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Cash that is distributed in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis.
Unlike direct investments in MLPs, income and losses from the Fund’s investments in MLPs will not directly flow through to the personal tax returns of shareholders. The Fund will report distributions from its investments, including MLPs, made to shareholders annually on Form 1099. Shareholders will not, solely by virtue of their status as Fund shareholders, be treated as engaged in the business conducted by the underlying MLPs for federal or state income tax purposes or for purposes of the tax on unrelated business income of tax-exempt organizations. Individuals and certain other non-corporate investors will be entitled to a 20% deduction against taxable income allocated from direct investments in MLPs. Neither the Fund directly nor the Fund’s shareholders indirectly will be entitled to this deduction with respect to the Fund’s MLP investments.
Period | AMLP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.7% | N/A | N/A | N/A |
1 Yr | 22.8% | N/A | N/A | N/A |
3 Yr | 19.8%* | N/A | N/A | N/A |
5 Yr | 11.0%* | N/A | N/A | N/A |
10 Yr | 2.0%* | N/A | N/A | N/A |
* Annualized
Period | AMLP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.7% | N/A | N/A | N/A |
2022 | 16.3% | N/A | N/A | N/A |
2021 | 27.6% | N/A | N/A | N/A |
2020 | -39.6% | N/A | N/A | N/A |
2019 | -2.6% | N/A | N/A | N/A |
Period | AMLP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.7% | N/A | N/A | N/A |
1 Yr | 22.8% | N/A | N/A | N/A |
3 Yr | 19.8%* | N/A | N/A | N/A |
5 Yr | 11.0%* | N/A | N/A | N/A |
10 Yr | 2.0%* | N/A | N/A | N/A |
* Annualized
Period | AMLP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.4% | N/A | N/A | N/A |
2022 | 25.5% | N/A | N/A | N/A |
2021 | 39.0% | N/A | N/A | N/A |
2020 | -32.2% | N/A | N/A | N/A |
2019 | 6.0% | N/A | N/A | N/A |
AMLP | Category Low | Category High | AMLP % Rank | |
---|---|---|---|---|
Net Assets | 7.97 B | N/A | N/A | N/A |
Number of Holdings | 15 | N/A | N/A | N/A |
Net Assets in Top 10 | 8.05 B | N/A | N/A | N/A |
Weighting of Top 10 | 95.77% | N/A | N/A | N/A |
Weighting | Return Low | Return High | AMLP % Rank | |
---|---|---|---|---|
Stocks | 104.74% | N/A | N/A | N/A |
Cash | 0.06% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | AMLP % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | AMLP % Rank | |
---|---|---|---|---|
US | 104.74% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
AMLP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | N/A | N/A | N/A |
Management Fee | 0.85% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
AMLP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
AMLP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AMLP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
AMLP | Category Low | Category High | AMLP % Rank | |
---|---|---|---|---|
Dividend Yield | 7.91% | N/A | N/A | N/A |
AMLP | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly |
AMLP | Category Low | Category High | AMLP % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
AMLP | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Date | Amount | Type |
---|---|---|
Aug 08, 2024 | $0.940 | OrdinaryDividend |
May 09, 2024 | $0.940 | OrdinaryDividend |
Feb 08, 2024 | $0.880 | OrdinaryDividend |
Nov 09, 2023 | $0.880 | OrdinaryDividend |
Aug 10, 2023 | $0.830 | OrdinaryDividend |
May 11, 2023 | $0.860 | OrdinaryDividend |
Feb 09, 2023 | $0.770 | OrdinaryDividend |
Nov 09, 2022 | $0.750 | ReturnOfCapital |
Aug 11, 2022 | $0.740 | ReturnOfCapital |
May 12, 2022 | $0.730 | ReturnOfCapital |
Feb 10, 2022 | $0.710 | ReturnOfCapital |
Nov 10, 2021 | $0.760 | ReturnOfCapital |
Aug 12, 2021 | $0.680 | OrdinaryDividend |
May 13, 2021 | $0.680 | OrdinaryDividend |
Feb 11, 2021 | $0.680 | ReturnOfCapital |
Nov 12, 2020 | $0.710 | ReturnOfCapital |
Aug 13, 2020 | $0.750 | OrdinaryDividend |
May 07, 2020 | $0.750 | OrdinaryDividend |
Feb 13, 2020 | $0.950 | ReturnOfCapital |
Nov 14, 2019 | $0.975 | OrdinaryDividend |
Aug 08, 2019 | $0.950 | OrdinaryDividend |
May 09, 2019 | $0.975 | OrdinaryDividend |
Feb 14, 2019 | $0.975 | OrdinaryDividend |
Nov 08, 2018 | $0.957 | OrdinaryDividend |
Aug 09, 2018 | $1.033 | OrdinaryDividend |
May 10, 2018 | $1.033 | OrdinaryDividend |
Feb 08, 2018 | $1.033 | OrdinaryDividend |
Nov 09, 2017 | $1.026 | OrdinaryDividend |
Aug 09, 2017 | $1.075 | OrdinaryDividend |
May 10, 2017 | $1.075 | OrdinaryDividend |
Feb 08, 2017 | $1.125 | OrdinaryDividend |
Nov 09, 2016 | $1.200 | OrdinaryDividend |
Aug 10, 2016 | $1.200 | OrdinaryDividend |
May 11, 2016 | $1.200 | OrdinaryDividend |
Feb 10, 2016 | $1.495 | OrdinaryDividend |
Nov 10, 2015 | $1.495 | OrdinaryDividend |
Aug 12, 2015 | $1.495 | OrdinaryDividend |
May 13, 2015 | $1.478 | OrdinaryDividend |
Feb 11, 2015 | $1.463 | OrdinaryDividend |
Nov 06, 2014 | $1.445 | OrdinaryDividend |
Aug 06, 2014 | $1.420 | OrdinaryDividend |
May 06, 2014 | $1.395 | OrdinaryDividend |
Feb 06, 2014 | $1.390 | OrdinaryDividend |
Nov 07, 2013 | $1.370 | OrdinaryDividend |
Aug 07, 2013 | $1.345 | OrdinaryDividend |
May 07, 2013 | $1.320 | OrdinaryDividend |
Feb 07, 2013 | $1.305 | OrdinaryDividend |
Nov 07, 2012 | $1.280 | OrdinaryDividend |
Aug 07, 2012 | $1.260 | OrdinaryDividend |
May 07, 2012 | $1.225 | OrdinaryDividend |
Feb 07, 2012 | $1.215 | OrdinaryDividend |
Nov 07, 2011 | $1.289 | OrdinaryDividend |
Aug 05, 2011 | $1.263 | OrdinaryDividend |
May 06, 2011 | $1.229 | OrdinaryDividend |
Feb 07, 2011 | $1.216 | OrdinaryDividend |
Nov 05, 2010 | $1.240 | OrdinaryDividend |
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