MLPX

MLP & Energy Infrastructure ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 10/21/21

Inception Date	08/06/13
Total Expense Ratio	0.45%
Net Assets	$822.19 million
NAV	$39.25
Fact Sheet

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 10/21/21

Ticker	MLPX
Bloomberg Index Ticker	SOLMLPX
CUSIP	37954Y293
ISIN	US37954Y2937
Primary Exchange	NYSE Arca
Shares Outstanding	20,947,506
Number of Holdings	25
30-Day Median Bid-Ask Spread	0.08%

Distributions As of 10/21/21

30-Day SEC Yield	5.83%
Distribution Frequency	Quarterly

ETF Prices As of 10/21/21

NAV	$39.25	Daily Change	-$0.73	-1.82%
Market Price	$39.25	Daily Change	-$0.75	-1.88%

As of recent month & quarter-end (09/30/21) As of recent month & quarter-end (09/30/21)	Fund NAV	Market Price	Index
1 Year	75.04%	75.21%	76.19%
3 Years	3.28%	3.31%	3.86%
5 Years	1.43%	1.46%	2.06%
Since Inception	2.24%	2.30%	2.90%
1 Year	75.04%	75.21%	76.19%
3 Years	3.28%	3.31%	3.86%
5 Years	1.43%	1.46%	2.06%
Since Inception	2.24%	2.30%	2.90%
Year-to-Date	39.68%	39.88%	40.38%
1 Month	5.94%	5.96%	6.01%
3 Months	0.19%	0.22%	0.34%
Since Inception	19.81%	20.41%	26.21%
Year-to-Date	39.68%	39.88%	40.38%
1 Month	5.94%	5.96%	6.01%
3 Months	0.19%	0.22%	0.34%
Since Inception	19.81%	20.41%	26.21%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.84	TRP	TC ENERGY CORP	BJMY6F9	54.59	1,331,774	72,701,542.66
8.48	ENB	ENBRIDGE INC	2478906	42.52	1,640,192	69,740,963.84
8.13	WMB	WILLIAMS COS INC	2967181	28.52	2,343,126	66,825,953.52
8.08	KMI	KINDER MORGAN INC	B3NQ4P8	17.53	3,788,522	66,412,790.66
7.53	OKE	ONEOK INC	2130109	64.31	962,384	61,890,915.04
6.86	LNG	CHENIERE ENERGY INC	2654364	105.90	532,348	56,375,653.20
5.09	ETRN	EQUITRANS MIDSTREAM CORP	BFMWBV6	11.00	3,802,441	41,826,851.00
4.97	TRGP	TARGA RESOURCES CORP	B55PZY3	55.70	733,474	40,854,501.80
4.82	AM	ANTERO MIDSTREAM CORP	BJBT0Q4	11.37	3,484,739	39,621,482.43
4.24	EPD	ENTERPRISE PRODU	2285388	24.40	1,427,067	34,820,434.80
4.10	PBA	PEMBINA PIPELINE CORP	B4PPQG5	33.66	1,001,870	33,725,871.96
4.09	ET	ENERGY TRANSFER LP	B0WHXD2	9.89	3,402,285	33,648,598.65
4.02	PAGP	PLAINS GP HOLD-A	BDGHN95	11.76	2,811,371	33,061,722.96
3.98	ENLC	ENLINK MIDSTREAM LLC	BJTNDQ9	8.30	3,944,444	32,738,885.20
3.93	MMP	MAGELLAN MIDSTRE	2723037	51.31	629,544	32,301,902.64
3.30	MPLX	MPLX LP	B847R56	30.94	877,875	27,161,452.50
2.44	AROC	ARCHROCK INC	BYRGSX7	8.69	2,305,765	20,037,097.85
1.74	PAA	PLAINS ALL AMER	2311960	10.98	1,301,607	14,291,644.86
1.66	WES	WESTERN MIDSTREA	BJ552C8	22.86	595,461	13,612,238.46
1.03	DCP	DCP MIDSTREAM LP	B0SF374	32.94	256,337	8,443,740.78
0.79	PSXP	PHILLIPS 66 PARTNERS LP	BCD47V2	39.64	164,432	6,518,084.48
0.62	CQP	CHENIERE ENERGY	B1VNH36	44.04	115,067	5,067,550.68
0.52	SHLX	SHELL MIDSTREAM	BRWQCC0	12.41	347,352	4,310,638.32
0.30	HEP	HOLLY ENERGY PARTNERS LP	B00N3V0	19.76	125,956	2,488,890.56
0.25	ENBL	ENABLE MIDSTREAM	BLBP550	8.42	242,983	2,045,916.86
0.20		CASH		1.00	1,635,470	1,635,470.48

Holdings are subject to change.

ETF Characteristics As of 10/21/21

Return on Equity	14.00%
Weighted Avg. Market Cap	26,598 M
	2020	2021
Price-to-earnings	-526.50	15.67
Price-to-book value	2.21	2.17

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/21/21

Versus	Beta
S&P 500	1.64
MSCI EAFE	1.69
MSCI Emg. Mkts	1.48
Standard Deviation	39.00%

Source: AltaVista Research, LLC

ETF Research

MLP Monthly: September 2021

MLP Insights

Webinar Replay: What’s the Outlook for MLPs?

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ETF Documents

Latest Premium / Discount As of 10/21/21

NAV	$39.25
Market Price	$39.25
Premium / (Discount)	$0.00

Current View 2021 Q4 As of 10/21/21

Days at Premium	10
Days at NAV	0
Days at Discount	5
Greatest Premium	0.09%
Greatest Discount	-0.14%

Daily Premium / Discount History As of 10/21/21

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.