MLP & Energy Infrastructure ETF

Morningstar Rating™ - Overall rating out of 99 Energy Limited Partnership funds, based on risk-adjusted returns as of 06/30/2024

Reasons to Consider MLPX

Tax Efficient

Unlike traditional MLP funds, MLPX avoids fund level taxes by limiting direct MLP exposure and investing in similar entities, such as the General Partners of MLPs and other energy infrastructure corporations.

Midstream Exposure

MLPX invests in midstream infrastructure entities such as pipelines and storage facilities that have less sensitivity to energy prices.

High Income Potential

MLPX invests in MLPs and other energy infrastructure companies, which may result in above-average yields.

Key Information As of 07/15/24

Inception Date 08/06/13
Total Expense Ratio 0.45%
Net Assets $1.67 billion
NAV $52.05
Fact Sheet View the document

ETF Summary

The Global X MLP & Energy Infrastructure ETF (MLPX) is a tax-efficient vehicle for gaining access to MLPs and similar entities, such as the General Partners of MLPs and energy infrastructure corporations.

ETF Objective

The Global X MLP & Energy Infrastructure ETF (MLPX) 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.

Trading Details As of 07/12/24

Ticker MLPX
Bloomberg Index Ticker SOLMLPX
CUSIP 37954Y293
ISIN US37954Y2937
Primary Exchange NYSE Arca
Shares Outstanding 32,067,506
Number of Holdings 25
30-Day Median Bid-Ask Spread 0.04%

Distributions As of 07/15/24

30-Day SEC Yield 5.57%
Distribution Frequency Quarterly

ETF Prices As of 07/15/24

NAV $52.05 Daily Change $0.06 0.12%
Market Price $52.01 Daily Change $0.05 0.10%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 29.54% 29.74% 30.48%
3 Years 18.23% 18.23% 19.09%
5 Years 12.41% 12.44% 13.16%
10 Years 3.96% 3.96% 4.68%
Since Inception 6.45% 6.49% 7.15%
1 Year 29.54% 29.74% 30.48%
3 Years 18.23% 18.23% 19.09%
5 Years 12.41% 12.44% 13.16%
10 Years 3.96% 3.96% 4.68%
Since Inception 6.45% 6.49% 7.15%
Year-to-Date 17.74% 17.54% 18.14%
1 Month 2.55% 2.55% 2.63%
3 Months 5.69% 5.60% 5.86%
Since Inception 97.64% 98.55% 112.45%
Year-to-Date 17.74% 17.54% 18.14%
1 Month 2.55% 2.55% 2.63%
3 Months 5.69% 5.60% 5.86%
Since Inception 97.64% 98.55% 112.45%

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.

Top Holdings As of 07/15/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.97 WMB WILLIAMS COS INC 2967181 42.56 3,521,605 149,879,508.80
8.89 OKE ONEOK INC 2130109 84.68 1,753,487 148,485,279.16
8.40 ENB ENBRIDGE INC 2478906 35.79 3,922,831 140,398,121.49
7.68 TRP TC ENERGY CORP BJMY6F9 39.17 3,276,374 128,335,569.58
7.01 LNG CHENIERE ENERGY INC 2654364 177.66 659,315 117,133,902.90
6.91 KMI KINDER MORGAN INC B3NQ4P8 20.17 5,721,513 115,402,917.21
4.99 TRGP TARGA RESOURCES CORP B55PZY3 134.34 620,654 83,378,658.36
4.80 WES WESTERN MIDSTREA BJ552C8 41.75 1,922,082 80,246,923.50
4.74 PAA PLAINS ALL AMER 2311960 18.68 4,237,354 79,153,772.72
4.52 MPLX MPLX LP B847R56 42.36 1,784,102 75,574,560.72
4.47 ET ENERGY TRANSFER LP B0WHXD2 16.39 4,553,183 74,626,669.37
4.46 EPD ENTERPRISE PRODU 2285388 29.60 2,519,363 74,573,144.80
4.36 PBA PEMBINA PIPELINE CORP B4PPQG5 37.52 1,942,747 72,891,867.44
3.57 DTM DT MIDSTREAM INC BN7L880 70.96 840,499 59,641,809.04
2.88 ETRN EQUITRANS MIDSTREAM CORP BFMWBV6 12.88 3,738,765 48,155,293.20
2.54 AM ANTERO MIDSTREAM CORP BJBT0Q4 14.60 2,907,554 42,450,288.40
1.95 PAGP PLAINS GP HOLD-A BDGHN95 19.58 1,663,472 32,570,781.76
1.63 ENLC ENLINK MIDSTREAM LLC BJTNDQ9 13.94 1,948,871 27,167,261.74
1.57 HESM HESS MIDSTREAM-A BKPK695 38.33 685,317 26,268,200.61
1.57 AROC ARCHROCK INC BYRGSX7 22.55 1,160,567 26,170,785.85
1.23 CQP CHENIERE ENERGY B1VNH36 51.63 397,723 20,534,438.49
0.91 NFE NEW FORTRESS ENERGY INC BH3Z4P3 21.25 712,670 15,144,237.50
0.82 KNTK KINETIK HOLDINGS INC BLPNQJ1 42.56 323,278 13,758,711.68
0.71 NEXT NEXTDECADE CORP BYX38K9 8.11 1,455,207 11,801,728.77
0.30 DKL DELEK LOGISTICS B927XT1 41.05 121,940 5,005,637.00
0.12 OTHER PAYABLE & RECEIVABLES 1.00 1,944,584 1,944,584.20
0.00 CANADIAN DOLLAR 0.73 -32,225 -23,595.39
0.00 CASH 1.00 -27,448 -27,448.05
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 07/12/24

Return on Equity 17.70%
Weighted Avg. Market Cap 35,188 M
2023 2024
Price-to-earnings 13.91 15.92
Price-to-book value 2.85 2.79

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.70
NASDAQ-100 0.40
MSCI Emg. Mkts 0.50
Standard Deviation 19.80%

Source: new windowAltaVista Research, LLC

ETF Research

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The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 06/30, MLPX was rated against the following numbers of Energy Limited Partnership funds over the following time periods: 99 during the last 3 years, 97 during the last 5 years, 62 during the last 10 years. With respect to these Energy Limited Partnership funds, MLPX received a Morningstar Rating of 3, 3, 4 stars, respectively. Past performance is not indicative of future results.

© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. 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). The Fund invests in the energy industry, which entails significant risk and volatility. MLPX is non-diversified.

The Fund invests in small and mid-capitalization companies, which pose greater risks than large companies. The Fund also expects to pay distributions, which will be treated as a return of capital for tax purposes rather than from net profits and shareholders should not assume that the source of distributions is from the net profits of the Fund.

The Fund derives substantially all of its cash flow from investments in equity securities of MLPs. The amount of cash that the Fund will have available to pay or distribute to you depends entirely on the ability of the MLPs that the Fund owns to make distributions to their partners and the tax character of those distributions. Neither the Fund nor the Adviser has control over the actions of underlying MLPs. The amount of cash that each individual MLP can distribute to its partners will depend on the amount of cash it generates from operations, which will vary from quarter to quarter depending on factors affecting the energy infrastructure market generally. Available cash will also depend on the MLPs’ level of operating costs (including incentive distributions to the general partner), level of capital expenditures, debt service requirements, acquisition costs (if any), fluctuations in working capital needs, and other factors. The MLP holdings of the Fund expect to generate significant investment income, and the Fund’s investments may not distribute the expected or anticipated levels of cash, resulting in the risk that the Fund may not have the ability to make cash distributions as investors expect from MLP-focused investments. Past distributions are not indicative of future distributions. There is no guarantee that dividends will be paid.

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.