MLPX


MLP & Energy Infrastructure ETF

Fund 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.

Fund 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.

Why 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.

Fund Details As of 6/21/19

Key Facts

Ticker MLPX
Inception Date 8/6/13
CUSIP 37950E226
ISIN US37950E2265
Bloomberg Index Ticker SOLMLPX
Primary Exchange NYSE Arca

Stats & Fees

Net Assets $821,899,829
NAV $12.95
Shares Outstanding 63,450,000
Total Expense Ratio 0.45%

Distributions

Distribution Frequency Quarterly

Fund Prices As of 6/21/19

NAV Price
Net Asset Value $12.95 Closing Price $12.95
Daily Change $0.07 0.52% Daily Change $0.07 0.54%

Performance History

Cumulative %

Data as of month end (5/31/19)

Fund NAV Closing Price Index
1 Month -2.28% -2.28% -2.14%
3 Months 1.05% 0.81% 1.30%
6 Months 6.87% 6.87% 7.19%
Since Inception 6.83% 7.25% 11.04%

Avg Annualized %

Data as of month end (5/31/19)

Fund NAV Closing Price Index
1 Year 1.65% 1.80% 2.28%
3 Years 4.25% 4.28% 4.98%
5 Years -2.95% -2.97% -2.25%
Since Inception 1.14% 1.21% 1.82%

Avg Annualized %

Data as of quarter end (3/31/19)

Fund NAV Closing Price Index
1 Year 18.27% 18.36% 19.03%
3 Years 10.18% 10.27% 10.93%
5 Years -0.50% -0.51% 0.21%
Since Inception 1.77% 1.85% 2.45%

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.

Fund Characteristics As of 6/20/19

Return on Equity 7.30%
Average Market Cap $11,696.00 M
2018 2019
Price-to-earnings 22.04 19.32
Price-to-book value 1.40 1.42

Source: AltaVista Research, LLC

Fund Risk Stats As of 6/20/19

Versus Beta
S&P 500 1.07
MSCI EAFE 0.92
MSCI Emg. Mkts 0.68
Standard Deviation 18.80%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 6/21/19
Net Assets % Name Market Price ($) Shares Held Market Value ($)
9.58 KINDER MORGAN INC 21.38 3,684,230 78,768,837.40
9.47 TRANSCANADA CORP 49.80 1,562,476 77,811,304.80
8.69 ENBRIDGE INC 35.16 2,030,548 71,394,067.68
8.26 WILLIAMS COS INC 27.70 2,452,266 67,927,768.20
7.21 ONEOK INC 68.94 859,061 59,223,665.34
6.70 PEMBINA PIPELINE CORP 36.86 1,494,787 55,098,297.26
4.65 CHENIERE ENERGY INC 68.91 554,359 38,200,878.69
4.61 ENTERPRISE PRODU 29.13 1,300,264 37,876,690.32
4.44 ENERGY TRANSFER LP 14.42 2,532,996 36,525,802.32
4.19 TARGA RESOURCES CORP 38.72 889,463 34,440,007.36
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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. 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 nor Global X is affiliated with Solactive AG.