Midstream Energy ETF | MMLP

Alerian Midstream Energy Dividend UCITS ETF – Dist

The Midstream Energy ETF provides exposure to fee-based, volume driven companies involved in the processing, transportation and storage of oil, natural gas and natural gas liquids.

Index Dividend Yield: 6.59%
As of 31.05.2024. Index Dividend Yield is calculated by the Index Provider

Case for our Midstream Energy ETF

Yield enhancement

MLPs pay no taxes at the entity level so they can pay out more of their cash flow to investors as distributions.

Defensive energy exposure

Given the fee-based nature of midstream, cash flows are less sensitive to commodity price volatility compared to other sectors of energy, such as oil and gas producers.

Stable cash flows

Midstream companies are largely fee-based, volume-driven businesses that benefit from the growing US and Canadian energy production and
rising demand domestically and internationally.

Case for Midstream Energy

Yield enhancement

MLPs pay no taxes at the entity level so they can pay out more of their cash flow to investors as distributions.

Defensive energy exposure

Given the fee-based nature of midstream, cash flows are less sensitive to commodity price volatility compared to other sectors of energy, such as oil and gas producers.

Stable cash flows

Midstream companies are largely fee-based, volume-driven businesses that benefit from the growing US and Canadian energy production and rising demand domestically and internationally.

As of 24.06.2024

Fund Objective

Alerian Midstream Energy Dividend UCITS ETF (MMLP) aims to provide diversified exposure to midstream energy companies involved in the processing, transportation and storage of oil, natural gas and natural gas liquids in the US and Canadian markets. The midstream energy ETF includes both master limited partnership companies (MLPs) and C-corps. MMLP is the first UCITS ETF to provide exposure to the energy infrastructure sector. By employing a synthetic strategy, the midstream energy ETF enables efficient replication of the index.

Key Information

Inception Date27/07/2020
Base currencyUSD
Net Assets of Fund$56,993,655
TER40 bps
Replication MethodPhysical with swap overlay
DomicileIreland
SFDR ClassificationArticle 6
Index Dividend Yield
(As of 31.05.2024)
6.59%
ISINIE00BKPTXQ89

Key Risks

Energy infrastructure companies may be subject to specific industry and sector risks such as commodity price fluctuations and decrease in demand for energy during a recession. While there is no legislation currently aimed at MLPs, a removal or alteration of MLPs tax treatment could negatively affect performance. The use of swaps as a replication strategy introduces counterparty risk. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Fund Information

TickerMMLP
Asset ClassEquities
Income TreatmentDistributing
Distribution FrequencyQuarterly
Rebalance FrequencyQuarterly Rebalance /Annual Reconstitution

Net Asset Values

NAV$14.15
Net Assets of Fund$56,993,655
Shares Outstanding4,028,952
Issuer AUM$1,564,510,176

Fund Structure

UCITS CompliantYes
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusYes
Securities LendingYes

Key Service Providers

CustodianJ.P. Morgan SE - Dublin Branch
Portfolio ManagerVident Investment Advisory LLC
IssuerHANetf ICAV

Registrations

Austria
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
LSEMMLP LNMMLP.LBMVFZ02$2020-07-30
LSEPMLP LNPMLP.LBL96TT7£2020-07-30
XetraJMLP GYJMLP.DEBMHVZP92020-08-06
Borsa ItalianaMMLP IMMMLP.MIBMHVZQ02020-08-06
SIXMMLP SEMMLP.SBMX7G472023-04-11
Exchange LSE
Ticker MMLP LN
RIC MMLP.L
SEDOL BMVFZ02
CCY $
Listing Date 2020-07-30
Exchange LSE
Ticker PMLP LN
RIC PMLP.L
SEDOL BL96TT7
CCY £
Listing Date 2020-07-30
Exchange Xetra
Ticker JMLP GY
RIC JMLP.DE
SEDOL BMHVZP9
CCY
Listing Date 2020-08-06
Exchange Borsa Italiana
Ticker MMLP IM
RIC MMLP.MI
SEDOL BMHVZQ0
CCY
Listing Date 2020-08-06
Exchange SIX
Ticker MMLP SE
RIC MMLP.S
SEDOL BMX7G47
CCY
Listing Date 2023-04-11

Performance

MMLP (Fund)AEDWN (Index)
1M3.58%3.53%
3M7.96%8.01%
6M11.10%11.16%
YTD12.47%12.47%
12M30.02%29.79%
3Y53.18%51.13%
Since Inception (27/07/2020)132.32%126.07%

NAV

Source: HANetf, data as of 31.05.2024. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.

Holdings As of 24.06.2024

No. of holdings: 27

NameWeight
Energy Transfer LP9.89%
Enbridge Inc.9.88%
MPLX LP9.84%
Enterprise Products Partners LP9.56%
TC Energy Corp9.50%
Kinder Morgan Inc.8.51%
The Williams Companies Inc.8.00%
ONEOK Inc.7.39%
Cheniere Energy Partners LP6.33%
Pembina Pipeline Corporation3.45%

SectorWeight
Energy98.66%
Industrials1.21%

Methodology

Companies must be domiciled in the US or Canada and classified as MLPs or C-Corps, with holdings then reweighted by dividend. The Midstream Energy ETF tracks the Alerian Midstream Energy Dividend Index, which rebalances quarterly.

Index Details

IndexAlerian Midstream Energy Dividend Index
Index CurrencyUSD
Index ProviderVettafi
Index TickerAEDWN
Index Dividend Yield
(As of 31.05.2024)
6.59%

Index Dividend Yield is calculated by the Index Provider

Dividend History

Total dividends paid each calendar year of the fund.

Q1

Q2

Q3

Q4

2020

 –

0.1903

0.1430

2021

0.1631

0.1858

0.1721

0.1796

2022

0.1760

0.1833

0.1917

0.1857

2023

0.1902

0.1968

0.2444

0.1683

2024

0.1603

0.1589

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights.

Video

VettaFi Head of Energy Research Stacey Morris joined Steve Darling from Proactive to discuss the robust performance of the midstream energy sector. The midstream energy dividend UCITS ETF has exhibited strong growth, rising 11% year-to-date. This performance outpaces major European energy companies and the Euro Stoxx 600 oil and gas index. The sector’s growth is primarily driven by companies generating substantial free cash flow and increasing their dividends. Impressively, 90% of the index’s companies have raised their dividends in the past year.

About Partner

Alerian is a leading independent index provider focused on building innovative, index-based investment strategies. Through indexing, benchmarking and calculation services, Alerian serves the global investment community. Built on a foundation of data rigor and specialty research, Alerian’s comprehensive family of indexes includes the leading energy, thematic and smart-beta indexes, such as the first real-time MLP index – The Alerian MLP Index, S-Network Closed-End Fund Index Series, S-Network Global Benchmark Family, S-Network Dividend and Income Indexes and S-Network Renewable and Natural Resources Indexes.

Today, Alerian has over $23 billion in total assets tracking its indexes and has over 200 customers world-wide.

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