| NAV | $47.56 | Daily Change | -$0.21 | -0.44% |
| Market Price | $47.73 | Daily Change | -$0.07 | -0.15% |
MLPs typically pay high yields to investors because they do not pay corporate income taxes.
MLPA invests in midstream pipelines and storage facilities that have less sensitivity to energy prices.
MLPA’s expense ratio is more than 15% below the competitor average.1
1Expense ratio was 15.6% lower than the competitor average net expense ratio as of 10/1/24, per ETF.com (category: “Equity: U.S. MLPs”)
| Inception Date | 04/18/12 |
| Total Expense Ratio | 0.45% |
| Net Assets | $1.58 billion |
| NAV | $47.56 |
| Fact Sheet | View the document |
The Global X MLP ETF (MLPA) invests in some of the largest, most liquid midstream Master Limited Partnerships (MLPs).
The Global X MLP ETF (MLPA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Infrastructure Index.
| Ticker | MLPA |
| Bloomberg Index Ticker | MLPAMIDG |
| CUSIP | 37954Y343 |
| ISIN | US37954Y3430 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 33,228,637 |
| Number of Holdings | 20 |
| 30-Day Median Bid-Ask Spread | 0.08% |
| Distribution Frequency | Quarterly |
| Effective Tax Rate | 21.98% |
| Ordinary Income Deferred Tax Asset/(Liability) Accrual Factor: 19.19% of gains/losses + 3.00% per annum of net assets1 |
($49,916,497) |
| Capital Gain Deferred Tax Asset/(Liability) | ($60,744,854) |
| Total Net Deferred Tax Asset/(Liability) | ($110,661,351) |
|
The ETF will accrue a Valuation Allowance equal to the inverse of any deferred tax asset, resulting in an adjusted net deferred of $0 for that income character. The fund will not accrue a Valuation Allowance against a deferred tax liability. Learn more about the Valuation Allowance 1The accrual factor is an estimation by the Fund used to calculate Ordinary Income Deferred Tax Asset/(Liability). Accrual Factor is expected to be updated on or about May 31st of each year. |
|
| NAV | $47.56 | Daily Change | -$0.21 | -0.44% |
| Market Price | $47.73 | Daily Change | -$0.07 | -0.15% |
|
As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 15.98% | 16.19% | 20.16% |
| 3 Years | 19.47% | 19.53% | 23.20% |
| 5 Years | 8.42% | 8.46% | 10.75% |
| 10 Years | 0.60% | 0.61% | 1.21% |
| Since Inception | 2.85% | 2.86% | 4.76% |
| 1 Year | 15.98% | 16.19% | 20.16% |
| 3 Years | 19.47% | 19.53% | 23.20% |
| 5 Years | 8.42% | 8.46% | 10.75% |
| 10 Years | 0.60% | 0.61% | 1.21% |
| Since Inception | 2.85% | 2.86% | 4.76% |
| Year-to-Date | 14.13% | 14.70% | 17.74% |
| 1 Month | -0.31% | 0.13% | -0.36% |
| 3 Months | 0.54% | 0.85% | 0.75% |
| Since Inception | 41.90% | 42.12% | 78.45% |
| Year-to-Date | 14.13% | 14.70% | 17.74% |
| 1 Month | -0.31% | 0.13% | -0.36% |
| 3 Months | 0.54% | 0.85% | 0.75% |
| Since Inception | 41.90% | 42.12% | 78.45% |
Index performance shown represents the Hybrid Solactive MLP Infrastructure Index which consists of the Solactive MLP Composite Index from the inception of the Fund through March 31, 2015, and the Solactive MLP Infrastructure (Gross) Index going forward.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 14.27 | ET | ENERGY TRANSFER LP | B0WHXD2 | 16.40 | 13,751,710 | 225,528,044.00 |
| 12.77 | EPD | ENTERPRISE PRODU | 2285388 | 29.14 | 6,923,981 | 201,764,806.34 |
| 12.25 | MPLX | MPLX LP | B847R56 | 43.77 | 4,422,379 | 193,567,528.83 |
| 10.03 | PAA | PLAINS ALL AMER | 2311960 | 16.76 | 9,456,103 | 158,484,286.28 |
| 9.29 | ENLC | ENLINK MIDSTREAM LLC | BJTNDQ9 | 14.71 | 9,974,576 | 146,726,012.96 |
| 9.22 | WES | WESTERN MIDSTREA | BJ552C8 | 37.98 | 3,835,378 | 145,667,656.44 |
| 8.19 | SUN | SUNOCO LP | BRTR130 | 51.84 | 2,497,794 | 129,485,640.96 |
| 7.88 | HESM | HESS MIDSTREAM-A | BKPK695 | 34.89 | 3,568,522 | 124,505,732.58 |
| 5.64 | CQP | CHENIERE ENERGY | B1VNH36 | 48.67 | 1,830,695 | 89,099,925.65 |
| 4.27 | USAC | USA COMPRESSION | B83VQY1 | 22.12 | 3,046,886 | 67,397,118.32 |
| 3.86 | GEL | GENESIS ENERGY L.P. | 2372257 | 12.90 | 4,724,868 | 60,950,797.20 |
| 3.86 | GLP | GLOBAL PARTNERS LP | B0H9BJ5 | 46.61 | 1,307,567 | 60,945,697.87 |
| 3.26 | SPH | SUBURBAN PROPANE | 2144070 | 18.57 | 2,772,298 | 51,481,573.86 |
| 1.34 | DKL | DELEK LOGISTICS | B927XT1 | 38.47 | 551,761 | 21,226,245.67 |
| 0.00 | SMC | SUMMIT MIDSTREAM CORP | BNM9H26 | 35.00 | 100 | 3,500.00 |
| 0.00 | CAPL | CROSSAMERICA PARTNERS LP | BRGMGR7 | 21.36 | 100 | 2,136.00 |
| 0.00 | SGU | STAR GROUP LP | 2766399 | 11.38 | 100 | 1,138.00 |
| 0.00 | NGL | NGL ENERGY PARTNERS LP | B45GFM7 | 4.08 | 100 | 408.00 |
| 0.00 | MMLP | MARTIN MIDSTREAM | 2057424 | 4.00 | 100 | 400.00 |
| 0.00 | USDP | USD PARTNERS LP | BRD6NY8 | 0.02 | 100 | 2.36 |
| -0.05 | CASH | 1.00 | -854,883 | -854,883.27 | ||
| -6.06 | OTHER PAYABLE & RECEIVABLES | 1.00 | -95,697,408 | -95,697,408.06 |
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Investments in securities of MLPs involve risk that differ from investments in common stock including risks related to limited control and limited rights to vote on matters affecting the MLP. MLP common units and other equity securities can be affected by macro-economic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards MLPs or the energy sector, changes in a particular issuer’s financial condition, or unfavorable or unanticipated poor performance of a particular issuer (in the case of MLPs, generally measured in terms of distributable cash flow).
MLPA invests in the energy industry, which entails significant risk and volatility. The Fund is non-diversified. The Fund invests in small and mid-capitalization companies, which pose greater risks than large companies. The Fund has a different and more complex tax structure than traditional ETFs and investors should consider carefully the significant tax implications of an investment in the Fund.
MLPA is taxed as a regular corporation for federal income tax purposes, which differs from most investment companies. Due to its investment in MLPs, the Fund will be obligated to pay applicable federal and state corporate income taxes on its taxable income, as opposed to most other investment companies. The Fund expects that a portion of the distributions it receives from MLPs may be treated as tax-deferred return of capital. The amount of taxes currently paid by the Fund will vary depending on the amount of income and gains derived from MLP interests and such taxes will reduce an investor’s return. The Fund will accrue deferred income taxes for any future tax liability associated certain MLP interests. Upon the sale of an MLP security, the Fund may be liable for previously deferred taxes which may increase expenses and lower the Fund’s NAV.
The potential tax benefits from investing in MLPs depend on them being treated as partnerships for federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the Fund which could result in a reduction of the Fund’s value.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.